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Alliance Residential affiliate sells Fla. apartment complex for $103.5M

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Alliance Residential affiliate sells Fla. apartment complex for $103.5M

Alliance Residential Co. affiliate Broadstone City Center LLC sold the 315-unit Broadstone City Center apartment complex in downtown West Palm Beach, Fla., to Nuveen Global Cities REIT Inc., or Nuveen Real Estate, for about $103.5 million, the South Florida Business Journal reported.

The 334,422-square-foot property on the 2.6-acre site at 499 Evernia St. includes a three-story clubhouse and a rooftop pool deck, the publication said.