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Florida & Gulf Coast  + Central Florida  + Apartments  |  July 13, 2021
David Cohen
By: David Cohen

Bradenton MF Community Trades for $53M

CBRE has brokered the $53.3 million sale of The Lory of Braden River, a 270-unit multifamily property in Brandenton, FL.

Located at 702 51st Street East, the property was built between 2002 and 2004. The community features a gated entrance as well as a clubhouse, meeting room, fitness center, walking trail, pet spa, bark park and outdoor kitchen stations. The property is currently 96% occupied.

Michael Regan and Francesco Carriera of CBRE represented both the buyer, Goldelm Capital, as well as the seller, Lexerd Capital, in the transaction.

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Inside The Story

CBRE’s Regan

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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