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Blackstone purchases 2 apartment complexes in Doral, Fla.

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Blackstone purchases 2 apartment complexes in Doral, Fla.

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.