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Margate Group Buys 76-Unit Apt. Compound for $2.55M

VA Investors Sell the Almeda in Jacksonville for $33,553 Per Unit
By Nicole McMurray
May 9, 2007 | 8:58 AM

Almeda Street Holdings LLC, also known as United Realty Management Inc. of Margate, FL, acquired Almeda Apartments at 3801 Almeda St. in Jacksonville from Bhaskar Pisipati and Sunil Kologi of Clifton, VA, for $2.55 million, or about $33,553 per unit, with an 8% cap rate.

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