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Castle Lanterra pays $78M for Clearwater, Fla., apartment community

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Castle Lanterra pays $78M for Clearwater, Fla., apartment community

Castle Lanterra Properties LLC bought the 339-unit Vue at Belleair apartment community in Clearwater, Fla., for $78 million, the Tampa Bay Times reported, citing property appraiser records.

The 93%-leased, 11-building property at 1551 Flournoy Circle W was acquired from Flournoy Construction Co. LLC.

Cushman & Wakefield brokered the sale, according to the publication.