RealEstateRama   -   Site   -   in News   -   in Media   -   in Social   -   Web
THE ISLES OF GATEWAY APARTMENT COMMUNITY SOLD FOR $16.82 MILLION

THE ISLES OF GATEWAY APARTMENT COMMUNITY SOLD FOR $16.82 MILLION

St. Petersburg, FL – December 8, 2011 – (RealEstateRama) — CBRE announced today the sale of The Isles of Gateway, a 212-unit apartment community located in St. Petersburg’s Gateway submarket. Located at 10600 Fourth Street North, The Isles of Gateway was acquired by Robbins Property Associates for $16.82 million, or $79,340 per unit. CBRE’s Multi-Housing Group in Tampa marketed the property for sale and negotiated the transaction on behalf of the seller, CAPREIT.