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NKF Brokers Sale of 324-Unit Sarasota Apartment Community

NKF has arranged the sale of Oasis at Sarasota, a 324-unit apartment community in downtown Sarasota. The sales price was not disclosed.

Built in 2019, each unit in the property is equipped with a Samsung SmartThings Hub, Smart Door Lock, Smart Light and Smart Thermostat. Amenities include a 10,700-square-foot clubhouse, a beach-entry saltwater pool and a club quality fitness center. The community is currently 92% occupied.

Patrick Dufour, Ryan Crowley and Pibu Aulakh of NKF represented the developer and seller, Picerne Real Estate Group and Equity Resources, in the transaction. The Praedium Group acquired the property.

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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.

  • ◦Sale/Acquisition