PANAMA BEACH, FL—No one wants to remember the Great Recession and the real estate meltdown in the midst of it—except the investors that scooped up assets that they are now selling at a premium. That's ST Residential's story.

ST, a manager of properties owned by a public-private partnership between the FDIC and a group of leading US private real estate investors, has tapped CBRE to sell its interest in Laketown Wharf. Laketown Wharf is a highly amenitized, direct Gulf view resort property located in Panama City, FL.

“Laketown Wharf offers new owners the opportunity to buy into a rising Florida market, to benefit from a shortage of supply, and to have optionality in terms of overall execution through a large-scale asset,” Jon Pertchik, president and CEO of ST, tells GlobeSt.com. As above-average population growth continues and Florida's healthcare and tourism industries expand, experts predict housing demand in Panama City will accelerate further.