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Savanna, Pantzer JV Sells Atlantic Point Apts for $208M

Sale Sets Multifamily Record on Long Island
By Justin Sumner
CoStar News
February 22, 2017 | 9:50 P.M.

Savanna, a New York City-based real estate investment manager and institutional fiduciary, and Pantzer Properties, Inc., one of the largest multifamily investors on the East Coast, have sold the 795-unit Atlantic Point Apartments at 1220 Orchid Cir. in Bellport, NY for $208 million, or about $262,000 per unit.

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