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Florida & Gulf Coast  + Apartments  |  November 4, 2019
David Cohen
By: David Cohen

CBRE Brokers $29M Sale of MF Portfolio in Bradenton

CBRE has arranged the $28.7 million sale of a two-property multifamily portfolio in Bradenton. The two properties include Treesdale, a 197-unit condo complex at 1818 9th Ave. East, and Oakmeade, a 100-unit affordable housing property at 1831 13th Ave. East.

The adjoining properties were built between 1971 and 1975, and are nearby the upcoming Streetscape development in downtown Bradenton. Bradenton experienced 6% annual rent growth in Q3 2018 and 5.4% annual rent growth in Q2 2018, according to CBRE.

Francesco P. Carriera and Michael P. Regan of CBRE represented the seller, InvestRes, in the transaction. MNA Properties acquired the portfolio.

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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