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February 28, 2018  

Luxury Florida Apartments Available

A developer is offering a new luxury apartment complex in Central Florida.The 360-unit Springs at Bee Ridge, in Sarasota, is valued at roughly $81 million, or $225,000/unit. At that price, the buyer’s initial annual yield would be 5.2%.The developer, Continental Properties of Menomonee Falls, Wis., has given the listing to Tampa-based JBM Institutional Multifamily Advisors.The gated property, which was completed in 2016, is 97% leased at an...

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