Bluerock has acquired The DeSota, a 180-unit apartment complex in downtown Sarasota, Florida, for $80m from Hunt and Carter USA. Rents start at $1,870 for one-bedroom units and $2,690 for two bedroom units and range from $5,245 to $7,311 for a three-bedroom unit. The 10-story building features a swimming pool and a fitness center. Walker Dunlop Investment Sales brokered the transaction. “The sale price reportedly represents one of the highest price-per-unit sales ever achieved in Florida on a multifamily transaction,” said Dominick Cristiano, Hunt executive vice president.
