A joint venture of 29th Street Capital and Willton Investment Management has acquired what is known as the Apollo portfolio: three properties developed by Peter N.G. Schwartz Management Co.
The price of the acquisition wasn’t disclosed. Colliers, which arranged the acquisition financing, announced that the buyers obtained a $232.7M loan for the deal. A Colliers spokesperson told Bisnow the lender was Fannie Mae.
The properties, Ascend Apollo in Largo and Allure Apollo and Aspire Apollo in Camp Springs, were built between 2015 and 2019.
Allure and Aspire Apollo, which sit next to each other, total 801 units. Ascend Apollo has 424 units.
Click here to read the rest of the article written by Emily Wishingrad over at Bisnow
