The 180-unit The DeSota mixed-use development in Sarasota was completed in 2017.
SARASOTA, FL—Atlanta-based real estate development firm Carter has sold its recently completed The DeSota mixed-use complex here in a deal valued at $80 million to New York City-based Bluerock, Globest.com has exclusively learned.
Walker & Dunlop brokered the transaction for the 180-unit property, which is capturing some of the highest rents in the state, for Bluerock. The transaction calculated out to $444,528 per unit. Managing director Brian Moulder, who works out of Walker & Dunlop's Orlando office, led the transaction for the Bethesda, MD-based commercial real estate finance firm.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
