Florida apartments sold to developer

Roberts Realty Investors sold its 200-unit St. Andrews at the Polo Club apartment community located in Wellington, Fla.

The value of the transaction was $36 million.

Wellington Development L.C. purchased the property.

The company acquired the St. Andrews community in November 2001 as part of a Section 1031 tax-deferred exchange from the sale of the company's Crestmark apartment community located in Douglasville, Ga.

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