Cypress Mayfair Ltd., a Fort Lauderdale company managed by Peter W. Wright, sold a 248-unit apartment complex at 5010 Central Sarasota Parkway in Palmer Ranch to Sarasota Place Apartments Property Owner LLC for $34.5 million.
By Michael Braga via Inside Real Estate – Herald Tribune
Cypress Mayfair paid $46.6 million for the complex in October 2005.
Sarasota Place Apartments, a subsidiary of Los Angeles-based JRK Property Holdings, financed its purchase with a $27.6 million loan from Walker & Dunlop LLC.
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