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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