Fountain Lake Apartments in Bradenton, FL sold for $15.2 million

Fountain Lake Apartments in Bradenton, FL sold for $15.2 million

By Michael Braga, Herald-Tribune

Fountain Lake Apartments in Bradenton, FL sold.  via Sean Dreznin's blog  Pic via Herald-Tribune, Inside Real Estate

Fountain Lake Apartments in Bradenton, FL sold. via Sean Dreznin’s blog Pic via Herald-Tribune, Inside Real Estate

Bradenton Fl Investors LLC, a Davie company managed by Mark Kalimian, sold a 200-unit apartment complex at 711 Fountain Lake Circle in Bradenton to Fountain Lake Apartments LLC for $15.2 million.

Fountain Lake Apartments, a New York City company managed by Robert P. Rothenberg and Gideon Z. Friedman, paid for the purchase with a $12.7 million loan from NXT Capital LLC.

Wells Fargo acquired the complex in September 2010 after the previous owner, Palm Cove Development of Bradenton, defaulted on a $30 million loan.

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