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Tampa Apartments Fetch $8.3 Mil

The Apartment Group Negotiates Sale of 240-Unit Residential Community
By Bryant Porter
January 24, 2002 | 4:40 P.M.

The Apartment Group, a Cushman & Wakefield company, negotiated the sale of The Falls rental apartment community at 4610 North Armenia Ave. in Tampa for $8.3 million - nearly $34,600 per unit. Cole Whitaker, who heads The Apartment Group in Florida, and broker Hal Warren negotiated the transaction representing the seller, Equity Residential Property Trust. The buyer is a Texas-based partnership. The Falls is a 240-unit rental apartment property that was built in 1986. The Apartment Group of Florida, based in Orlando, also has offices in Jacksonville and South Florida.

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