Sarasota’s Sage On Palmer Ranch Apartments Sold For $121 Million

By Jay Wittner April 28, 2022

Sage on Palmer Ranch apartments, a Sarasota 257 unit community, was sold for $121 million. The sale comes to $472,000 per door. Units range from 1-3 bedrooms with rents running from about $1,800 to $3,100. The seller was Abacus Capital and the buyer was LaSalle Investment Management. The property is located at 12501 Honore Ave.