A Southside apartment complex has sold for $28.3 million. Bay Club Apartments, 9009 Western Lake Drive off Southside Boulevard, were built in 1990 and last sold for $18.8 million in 2012. The 200-unit complex is 96 percent occupied.
The buyer is private real estate firm Resource Apartments OP III LP.
CBRE’s Shelton Granade, Luke Wickham, Justin Basquill, Cliff Taylor and Joe Ayers represented the seller, an affiliate of The Milestone Group, LLC
Roger Bull: 359-4296