Package Of Seven Apartment Properties Sells For $11 Million

By Jay Wittner June 16, 2020

A portfolio of seven apartment complexes has just sold for $11 million.  The buyer was the Otto Investment Group of Clearwater, and the seller was Second Half Properties.  Called the Old Southeast Portfolio, the properties include: Old Southeast Apartments, Tropical Shores, The Palms Apartments, Bayside Apartments, Park View Apartments, Lakewood Apartments, and Uptown St. Petersburg.  The total transaction includes 127 units at about $84,000 per unit.