Venterra Realty Acquires Multifamily Property In Lakeland For $75.5M

The property asset involved in this transaction is located at 5115 N Socrum Loop Rd in the Lakeland market. It is a multifamily asset consisting of 464 units, with a per unit price of $162,716. The sale price for the property was $75,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75,500,000
• Units: 464
• Price Per Unit: $162,716
• Buyer: Venterra Realty - Andrew Stewart & John Foresi
• Seller: Covenant Capital Group

This transaction featured Andrew Stewart and John Foresi representing Venterra Realty in the acquisition of the multifamily asset. Covenant Capital Group was the selling entity in this closed transaction.