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Florida & Gulf Coast  + Apartments  |  October 13, 2020
David Cohen
By: David Cohen

Clearwater MF Property Trades for $57M

The Estates at Countryside

Institutional Property Advisors has brokered the $56.7 million sale of Estates at Countryside, a 320-unit multifamily property Clearwater.

Located on more than 15 acres, the community features an average unit size of 1,000 square feet. Over the past year, the seller deployed nearly $3 million on exterior and amenity capital projects, including new roofs on each building, pool upgrades expanding the deck and adding new patio furniture as well as upgrading the dog park.

Shelton Granade, Luke Wickham and Justin Basquill of IPA represented the undisclosed seller in the transaction. The buyer was also not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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