Ohio investor acquires Pinellas apartments for million
An Ohio-based real estate investment company has purchased Alta Belleair apartments in a $63.992 million deal. The 256-unit apartment complex at 16...
An Ohio-based real estate investment company has purchased Alta Belleair apartments in a $63.992 million deal. The 256-unit apartment complex at 1632 Clearwater Largo Road was sold to an LLC linked to White Oak Partners, according to a Pinellas County deed. The sales price breaks down to approximately $249,972 per unit. The LLC linked to White Oak Partners also took out a $45 million mortgage with Truist Bank, according to public documents. Alta Belleair features five four-story buildings. The complex opened this year and was developed by Pinellas Park-based Belleair Development Group.