Regency Manor Apartments syndicated to foreign investors

BUYER: Jacaranda Investments LLC (principal: Kyle Jones), Windemere

SELLER: Southern Shores Enterprises LLC

PROPERTY: 13710 N. 19th St., Tampa

PRICE: $970,000

PREVIOUS PRICE: $610,000, July

LAW FIRM ON DEED: Daniel Hicks PA, Ocala

PLANS, DESCRIPTION: The private Canadian-based investment group Southern Shores Enterprises sold the 60-unit Regency Manor Apartments community to another affiliated investor group, Jacaranda Investments LLC, for $970,000.

The transfer was a $360,000 premium over the firm's initial acquisition price, which was done as a short sale. The new entity was a larger syndicated group made of both Southern Shores Enterprises and a number of foreign investors.

All the units in the complex are one bedroom and one bathroom with an average unit size of 596 square feet, according to the CoStar Group. The two-story, 35,760-square-foot complex was originally built in 1969.