SARASOTA, FL-Sperry Van Ness is exercising its distressed multifamily consulting muscles. The Sarasota office’s Commercial Advisory Group is on a roll with recent sales in the Southwest Florida market.

Sperry Van Ness represented the buyer, Stone Creek Apartments, in the acquisition of 64 condo apartment units located near the campus of the University of South Florida in Tampa. Fernando Garcia, a partner at Miami-based Dumonde Consulting, represented the bank, FirstBank Puerto Rico. Stone Creek Apartments acquired the summary judgment on the units in a $1.6 million all-cash deal. Garcia could not immediately be reached for comment.

“This represents the first such transaction we have closed since the condominium law changed July related to acquiring units held by a developer,” Ashley Bloom, managing director of Sperry Van Ness/Commercial Advisory Group in Sarasota, tells GlobeSt.com. J. Chris Malkin, an associate advisor at Sperry, has worked with Bloom to close more than 800 units with various financial institutions since Dec. 31, 2009.