Since 2000, the firm, founded by three brothers and headed by Robert E. Smith, has logged sales of $154 million covering 2,836 apartments in 20 deals. Student housing transactions totaled $82.4 million.

Good locations helped sell the three properties, Smith says. Saul Silber Properties purchased two communities in Gainesville, FL: one near the University of Florida campus and the other near Shands and the VA Hospitals.

Saul and Netty Silber, principals of Saul Silber Properties, paid Regency Oaks Apartments LLC $6 million or $40,541 per unit for the 31-year-old, 148-unit Regency Oaks at 3230 Archer Rd. SW in Alachua County. In their second acquisition, the Silbers paid Country Gardens Apartments LLC $3.65 million or $36,869 per unit for the 32-year-old, 99-unit Country Gardens at 2001 26th St. SW in Gainesville.