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Clarion Partners buys St. Pete apartments

August 14, 2019 - Clarion Partners, a New York-based real estate investment management firm, bought West Port Colony, a 324-unit apartment community in at 190 112th Ave. N. in the Brighton Bay neighborhood. The property sold for $54.5 million, or $168,360 per unit, MultiHousing News reported. AEW Capital Management Co. was the seller of the 30-year-old property. The sale was facilitated by JBM Institutional Multifamily Advisors. West Port Colony has 15 two- and three-story buildings and  a blend of one-, two- and three-bedroom apartments averaging 801 square feet.

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