Sarasota apartment complex sells to Chicago investors for more than $120 million

Two years after buying complex, a New York firm more than doubles its money.

  • By Louis Llovio
  • | 3:46 p.m. April 27, 2022
  • | 0 Free Articles Remaining!
Sage on Palmer Ranch at 12501 Honore Ave in Sarasota sold to Chicago investment firm.
Sage on Palmer Ranch at 12501 Honore Ave in Sarasota sold to Chicago investment firm.
  • Manatee-Sarasota
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A 257-unit apartment complex in Sarasota has sold for $121.25 million, according to county property records.

Sage on Palmer Ranch, at 12501 Honore Ave., was bought by an LLC with an address on Florida’s Division of Corporations website that matches the global real estate investment firm LaSalle Investment Management’s Chicago office.  

 

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