The Cobblestone on The Lake Apartments in Fort Myers have sold to St. Petersburg investor and Youtube star Ben Mallah of Equity Management Partners, the second deal in Southwest Florida he’s been tied to in the past few weeks.
The most recent deal is the off-market purchase of the 248-unit community at 4400 Cortina Circle between Colonial Boulevard and Winkler Avenues. It sold for $43 million.
The community is made up of both apartments and townhouses, and the purchase includes a two-building shell structure that can accommodate up to 42 additional townhomes or residential units, says Miami-based GLT Group Brokerage, which announced the sale and identified Mallah as the buyer…