Turnbury apartments sell for $45 million in biggest real estate sale in Manatee in 2014

Turnbury apartments sell for $45 million in biggest real estate sale in Manatee in 2014

BY MATT M. JOHNSON via Bradenton Herald

A nationwide investor in apartment properties has purchased one of the largest apartment complexes with proximity to the new Mall at University Town Center in the biggest Manatee County real estate transaction of 2014.

TGM Associates of New York, N.Y. bought the former Turnbury Park at Palm Aire apartments at 6104 Turnbury Park Dr. for $45.15 million or $157,870 per unit, on July 8. The seller, a subsidiary of Boston TA Associates Realty, moves the 286-unit development out of its inventory after having owned it for about four years.

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