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Located a number of miles south of Interstate 75 and US Path 41 in Lee County, Sierra Grande Appartments take advantage of a modern-day style and recent remodellings to its clubhouse, gym and community rooms. Throughout 2021, Sierra Grande experienced typical lease increases of 34. 8%. (Submitted picture) Baltimore-based real estate financial investment and management company Continental Real estate Corporation (CRC) Tuesday offered Sierra Grande Apartments, a 300-unit multifamily community in Naples, Florida, to TPG Property, the devoted realty investment platform of alternative property management company TPG, in partnership with The Bainbridge Business.

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CRC was represented by Newmark Knight Frank. Sierra Grande Apartments is the 2nd investment that TPG Real Estate and Bainbridge have actually made together, following their acquisition of Annapolis' Watergate Pointe in June of 2021. Found a number of miles south of Interstate 75 and United States Path 41 in Lee County, Sierra Grande Appartments advantage from a modern-day style and current renovations to its clubhouse, gym and community spaces.

8%. Over the previous 11 years, the population right away surrounding Sierra Grande Apartments has actually increased by more than 85%. The typical home earnings within a one-mile radius of the neighborhood is almost $140,000 and the average home value is roughly $530,000. CRC owns five retail centers in the higher Naples location, consisting of Marquesa Plaza, The Colonnade on Fifth and The Entrance of Naples and formerly owned the 350-unit Aventine at Naples.

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