444-unit Audubon Village sells for $41.96 million

BUYER: Memorial HWY FL Partners LLC (Cortland Partners LLC), Atlanta
SELLER: CRP/Pollack Audubon Village LLC
PROPERTY: 5830 Memorial Highway, Tampa
PRICE: $41.96 million
PREVIOUS PRICE: $32.5 million, September 2011
LAW FIRM ON DEED: Shutts & Bowen LLP, Orlando

PLANS, DESCRIPTION: Cortland Partners has acquired its second multifamily property in the Tampa Bay area. The Atlanta-based real estate investment and management firm purchased the 444-unit Audubon Village apartments in Westshore for $41.96 million.

The price equated to $94,496 per unit.