B&M Management LLC buys Courtney Trace, Addison apartments

BUYER: Courtney Trace Crestmont LLC (44.84% interest) and Courtney Trace Thornblade LLC (55.16%), Montgomery, Ala.
SELLER: Courtney Trace LLC
PROPERTY: 1131 Courtney Trace Drive, Brandon
PRICE: $31.53 million
PREVIOUS PRICE: $3.6 million, January 2006

BUYER: Addison Crestmont LLC (44.84% interest) and Addison Thornblade LLC (55.16%), Montgomery, Ala.
SELLER: Brandon Trace LLC
PROPERTY: 2516 Annapolis Way, Brandon
PRICE: $21.2 million
PREVIOUS PRICE: $3.65 million, January 2006
LAW FIRM ON DEED: Shutts & Bowen LLP, Orlando

PLANS, DESCRIPTION: Two investment groups coordinated by Montgomery, Ala.-based B&M Management LLC purchased two apartment properties in Brandon for a total of $52.73 million.