Vinings at Hunter's Green sells to investor for $22M

BUYER: MREI III Vinings LLC (member: Central Acquisition LLC), Dallas
SELLER: Hunter's Green Inc.
PROPERTY: 8801 Hunters Lake Drive, Tampa
PRICE: $21.69 million
PREVIOUS PRICE: $14.2 million, September 1995
LAW FIRM ON DEED: Broad and Cassel, Orlando

PLANS, DESCRIPTION:
The Milestone Group purchased the 240-unit Vinings at Hunter's Green apartments for $21.69 million.

The price equated to $90,375 per square foot. That figure is higher than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.