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September 12, 2018  

Florida Apartment Portfolio for Sale

Eight apartment complexes are up for grabs in Central and North Florida.The 1,060-unit portfolio is valued at roughly $150 million, or $142,000/unit, which indicates an initial annual yield of about 5.25%. Investors can bid on individual properties or any combination. Berkadia is representing the seller, McKinley Cos. of Ann Arbor, Mich.The garden-style communities are 97.5% occupied on average. Five are in the Tampa metropolitan area, two are in...

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