trending Market Intelligence /marketintelligence/en/news-insights/trending/g954_svayekkgwrx5apwxa2 content esgSubNav
In This List

Fla. apartment complex changes hands for $110.5M


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Fla. apartment complex changes hands for $110.5M

Real estate developer and manager FLF Holdings LLC acquired the 900-unit Carlton Arms of Bradenton apartment complex in Bradenton, Fla., from Mahaffey Apartment Co. for $110.5 million, the Herald-Tribune reported.

The 93-acre complex is 99.7% occupied and is expected to go through extensive refurbishments, the report noted, citing marketing agent Holliday Fenoglio Fowler. The asset features studio and one- and two-bedroom units, as well as townhouses, with rents in the range of $793 to $1,250 per month.

FLF secured a $76 million, 10-year loan for the property via Freddie Mac's capital markets execution program.