Kensington Capital Management buys Lost Tree Village Apartments

BUYER: Kensington Capital Management LLC (principal: Nolan Baird Jr.), Naples
SELLER: SG&D LLC
PROPERTY: 15105-15156 Pine Meadows Drive, Fort Myers
PRICE: $3.25 million
PREVIOUS PRICE: $3.02 million, May 2005
LAW FIRM ON DEED: Gulfstream Title LLC, Fort Myers

PLANS, DESCRIPTION: Kensington Capital Management LLC, a purchase entity managed by Nolan Baird Jr. of Naples, purchased the 60-unit Lost Tree Village Apartments for $3.2 million.

Including a $50,000 credit to the buyer, the price equated to $53,333 per unit or $90 per square foot.