The Point at Tamaya Apartments at 3050 Tamaya Blvd. sold Dec. 10 for $81.64 million.
The Michelson Organization of St. Louis bought the property through Tamaya Apartments LLC.
The seller was the Passco Companies LLC of Irvine, California, through Passco Point DST.
It took out a mortgage Dec. 10 with Walker & Dunlop LLC, headquartered in Bethesda, Maryland, with offices in Jacksonville, for $45.31 million. It is a fixed Fannie Mae Family Security Instrument due on Jan. 1, 2032.
The Michelson Organization says on it website it was founded in 1927. It specializes in acquiring and managing multifamily and industrial properties.
It has $1.5 billion in assets under management. It manages more than 40,000 units in more than 25 U.S. markets.
Built in 2017, The Point at Tamaya Apartments comprises 16 buildings on 29.13 acres. There are three-story and four-story buildings.
Property records show there are 380 units. The per-unit sales price was $214,830.
There are one-, two-, and three-bedroom apartments with one and two baths in seven floor plans.
The units are 620 to 1,240 square feet. Rents are from $1,299 to $2,408, according to Apartments.com.
Amenities include garages, grilling and cabana areas, an Internet cafe, outdoor fire pit with a lounge area, resident clubroom, fitness center, a dog park and two resort-style pools. It is a gated with on-site staff and 24-maintenance.
Passco Companies purchased the apartments in July 2018 for $71.93 million.