Judd, senior vice president with the Florida office of Apartment Realty Advisors, and deBaptiste, a principal with the company, represented Cronacher Corps. and were the only brokers involved in both transactions. Judd says a few factors made this a good time for Cronacher Corps. to sell the properties: "market conditions, the flood of population into Southwest Florida, the lack of pipeline of units coming online." He adds, "It's a good time to sell anywhere in Florida."

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.