“This was an excellent opportunity for a private investor to purchase a performing, professionally managed apartment complex, via 1031 exchange, in a demographically sound community of Clearwater, FL. The slight value-add component allows for the buyer to integrate additional upgrades and rent-roll increases and the sale allows for the seller to participate in additional investments”, notes Kurt Westfield, Director.
Avery Jordan, of Franklin Street, as exclusive sales team, “generated thirteen property tours and gathered eleven competitive offers in a two-week marketing period.”
Clear Title Partners closed the transaction; Blue Peak Realty will continue managing the asset for the new owner.
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About Blue Peak Realty:
Blue Peak Realty serves as the retail branch of an otherwise commercially-focused investment brand, anchored by WC Equity Group.
WC Equity Group maintains a solid presence in contributing to expert panel discussions, research & analysis, real estate education, press consult, and general market updates. Our investment insight permits us to provide clear and transparent metrics, thereby allowing our clients to make informed and intelligent decisions.