BH Management, equity partner buy Sabal Park, Courtney Cove apartments

BUYER: FRBH Sabal Park LLC, Des Moines, Iowa
SELLER: IMT Sabal Park Apartments
PROPERTY: 4006 Sabal Park Drive, Tampa
PRICE: $19.05 million
PREVIOUS PRICE: $15.24 million, February 2005

BUYER: FRBH Courtney Cove LLC, Des Moines, Iowa
SELLER: IMT Courtney Cove Apartments LLC
PROPERTY: 5510 N. Himes Ave., Tampa
PRICE: $18.95 million
PREVIOUS PRICE: $15.73 million, February 2005
LAW FIRM ON DEED: Lewis Roca Rothgerber LLP, Phoenix

PLANS, DESCRIPTION:
A joint venture of BH Management Services LLC and Highland Capital Management LP purchased the Sabal Park Apartments and Courtney Cove Apartments for a combined $38 million.