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

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.