Polo Glen Apartments

ROCKLEDGE, FL—This part of Florida has good proximity to the cluster of high-tech and aerospace industry firms along the state's Space Coast. That's where Continental Realty Corp. (CRC) has sold the 252-unit Polo Glen Apartments for $55.25 million.

The transaction represents the first asset sale by Baltimore-based Continental Realty Fund IV, a $164 million fund that seeks value-add retail and multifamily opportunities throughout the country.

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