FORT MYERS, FL—The Brittany Apartments has commanded $10.35 million in a hard-hit Fort Myers real estate market. The sales price equates to $32,344 per unit or $32 per square foot.

Marcus & Millichap Real Estate Investment Services negotiated the sale of the 320-unit multifamily tax-credit property. Jeffrey Meyer, a vice president investments in M&M’s Tampa office, and Shahar Ziv, an associate in the firm’s San Diego office, represented the seller, a Fort Myers-based development group. Meyer and Ziv also represented the buyer, a private investor from the Tampa Bay area.

“Tax credit deals weren't the core business of the operator who sold Brittany Apartments,” Meyer tells GlobeSt.com. “The firm develops commercial, hospitality, and market rate multifamily. So for them it was an anomaly. It made sense when the right buyer came on the scene to exit.”