FLF Holdings buys Carlton Arms of Bradenton for $110.5m

FLF Holdings buys Carlton Arms of Bradenton for $110.5m

Published at: 2018-03-15 14:33 | Author: CIJ USA
FLF Holdings acquired a waterfront apartment community in Bradenton, Florida, for $110.5m. Carlton Arms of Bradenton offers 900 units as well as more than 12,000 sq ft of retail space. Amenities include swimming pools, tennis and basketball courts, a fitness center and docks containing 50 boat slips. The sellers, Mahaffey Apartment Co. and Brighthouse Life Insurance Co., an affiliate of Metropolitan Life Insurance, were represented by Holliday Fenoglio Fowler. HFF also secured a $76m, 10-year mortgage supplied by Freddie Mac. The sale marks the largest multifamily transaction of a rental complex in the Sarasota or Bradenton markets in the past decade.

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