CLEARWATER, FL-The Enclave at Northwood, a 188-unit apartment community in Clearwater, has changed hands for $18.5 million. A commingled fund controlled by Covenant Capital Group of Nashville sold the complex at 2690 Enterprise Road to an affiliate of Washington, DC-based Stonebridge Investments BV.
The property was constructed in 1984-1985 and it was earlier sold in August 2010 for $13.8 million. The new owner has retained Orlando-based ZRS Management LLC to provide management services. The seller was represented by Hendricks & Partners in the deal. For the full story, go to Tampa Bay Business Journal .
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