Metropolitan Life Insurance buys Mosaic Westshore

BUYER: Metropolitan Life Insurance Co. (88.37% interest) and Metropolitan Property and Casualty Insurance Co. (11.63%), Tampa
SELLER: Kennedy/Hoover Apartments Investors LP
PROPERTY: 110 S. Hoover Blvd., Tampa
PRICE: $43 million
PREVIOUS PRICE: $8.5 million, July 2006
LAW FIRM ON DEED: First American Title Insurance Co., New York City

PLANS, DESCRIPTION: MetLife purchased the 210-unit Mosaic Westshore apartment complex for $43 million.

The price equated to $204,761 per unit or $178 per square foot.