Investor pays $70.5 million for Sarasota apartments

A Wisconsin firm has bought the apartment complex in Palmer Ranch, the Sarasota County master-planned community.

  • By Louis Llovio
  • | 10:00 a.m. October 17, 2023
  • | 0 Free Articles Remaining!
The 320-unit Reserve at Palmer Ranch apartments in Sarasota have sold.
The 320-unit Reserve at Palmer Ranch apartments in Sarasota have sold.
Image via The Reserve at Palmer Ranch Apartments / Facebook
  • Manatee-Sarasota
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The Reserve at Palmer Ranch has sold.

The 320-unit Sarasota County apartment complex was bought by MLG Capital which, according to county property records, paid $70.5 million.

The garden-style property is located at 4110 Winners Circle, just off of McIntosh Road. It was built in 1990 and includes single and two-story buildings of which 67% are two- and three-bedroom apartment homes.

 

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