January 26, 2015
CRC Purchases Sierra Grande Apartments in Naples, FL for $44M
Continental Realty Corp., a Baltimore-based commercial real estate investment and management company, has purchased Sierra Grande Apartments in Naples for $44.25 million, Continental announced Monday. It’s the latest purchase of a major Southwest Florida complex as occupancy rates remain high and rents surge.
Continental Realty Corporation (CRC), headquartered in Baltimore and founded in 1960, is a full-service commercial real estate investment and management company. The privately-owned firm owns and manages a diversified portfolio of retail centers consisting of over 3.5 million square feet of space, as well as apartment communities featuring nearly 10,000 apartment homes. Positioned throughout the Mid-Atlantic and Southeast regions, the value of the portfolio exceeds $2 billion.
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