REIT buys downtown Bradenton's 210 Watermark for $21.77 million

BUYER: Morguard Watermark Apartments LLC (Morguard NAR (U.S.) Holdings LLC), Kenner, La.
SELLER: TMP Watermark LLC
PROPERTY: 210 Third St., various units, Bradenton
PRICE: $21.77 million
PREVIOUS PRICE: $18.5 million, June 2010
LAW FIRM ON DEED: Morrison & Foerster LLP, Palo Alto, Calif.

PLANS, DESCRIPTION: Morguard North American Residential Real Estate Investment Trust purchased the 216-unit 210 Watermark apartment in downtown Bradenton for $21.77 million.

The price equated to $100,784 per unit.