South Florida investor pays top dollar for Venice apartment complex
By Michael Braga , Herald-Tribune
A New York City company managed by Gideon Z. Friedman, sold the 247-unit Monterrey Apartments complex at 1001 Center Road in Venice to a subsidiary of Advenir Inc. for $24.5 million.
Friedman’s company paid $11.55 million for the 19-building complex in June 2011.
It sold for $14.1 million near the height of the boom in December 2005.