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Bob Faith Of Greystar Acquires Multifamily Complex In Clearwater From Barry Sternlicht For $64.5M

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SOLD
$64,500,000
Barry Sternlicht
Bob Faith

Florida

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MultiFamily
Sold 03/10/2025
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Property Image
SOLD

Bob Faith Of Greystar Acquires Multifamily Complex In Clearwater From Barry Sternlicht For $64.5M

2168 Druid Road

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MultiFamily
Sold 03/10/2025
Barry Sternlicht
Bob Faith
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The Sands at Clearwater Apartments is a 240-unit multifamily complex located at 2168 Druid Road in Clearwater. It was sold for $64.5 million, translating to a price per unit of $268,750.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $64,500,000
  • Buyer: Bob Faith - Greystar
  • Seller: Barry Sternlicht - Starwood Capital Group
  • Units: 240
  • Price Per Unit: $268,750

This acquisition contributes to Greystar’s expanding portfolio in the Tampa Bay area, which now includes seven properties situated in Clearwater, enhancing their market presence.

Players

Bob Faith
Greystar
Bob Faith
27 deals$2.4B volume
BUYER
Barry Sternlicht
Starwood Capital Group
Barry Sternlicht
44 deals$9.8B volume
SELLER

Details

SOLD
IMAGE: Bob Faith & Barry Sternlicht DATE: 03/10/2025 ADDRESS: 2168 Druid Road MARKET: Clearwater ASSET TYPE: Multifamily BUYER: Bob Faith - Greystar (@GreystarApartments) SELLER: Barry Sternlicht (@Fourseasonsresortresidences) - Starwood Capital Group SALE PRICE: $64,500,000 UNITS: 240 ~ PPU: $268,750 NOTE: Greystar acquired The Sands at Clearwater Apartments, a 240-unit complex, for $64.5 million from Starwood Capital Group. The deal adds to Greystar’s growing Tampa Bay portfolio, which includes seven properties in Clearwater.

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