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Florida & Gulf Coast  + Apartments  |  September 5, 2019
David Cohen
By: David Cohen

North Port Apartment Community Trades for $43M

Cushman & Wakefield has arranged the $43 million sale of Lakes at North Port, a 312-unit, garden-style apartment community in North Port.

Located at 1015 Ohana Way, the property is situated on approximately 27 acres and is comprised of 14, three-story buildings. Amenities at the 95%-occupied community include a resort-style swimming pool with sundeck, clubhouse, pet park, playground, and picnic area with grilling stations, as well as a fitness center and 10 reserved parking spaces for boats and RVs.

Nick Meoli and Mike Donaldson of Cushman & Wakefield’s Florida Multifamily Investment Sales Team represented the seller, Canadian real estate investment firm Symcor Capital Properties, in the transaction. The buyer was Kansas-based investor and developer Cohen-Esrey Apartment Investors.

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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