Blackstone Group LP acquired two adjacent apartment complexes in Doral, Fla., for about $208.8 million, The Real Deal reported.
The combined 720-unit property was sold by real estate companies The Related Group and Rockpoint Group LLC for about $290,000 per apartment, according to the report.
The garden-style communities are split between Doral View at 901 NW 97th Ave. and Town Fontainebleau Lakes at 1062 NW 87th Ave.
Cushman & Wakefield represented the sellers in the transaction, the report noted.