Bloomberg Law
Sept. 16, 2021, 10:56 AM

Cole Schotz Helps Westside Capital Buy Florida Luxury Apartments

Rick Mitchell

Cole Schotz said it represented real estate investment firm Westside Capital Group on about $126 million in recent acquisitions and financing of two waterfront properties in Fort Myers, Fla.

In a deal that closed Sept. 7, Miami-based Westside acquired a 24-story residential apartment building, including vacant commercial and retail spaces, from Campo Felice Phase I LLC.

The purchase price was $55 million, with $47 million in financing from Ladder Capital Finance LLC, according to a statement.

Westside said it intends to inject up to $5 million into the property, which it said suffered from the previous owner’s financial distress due ...

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