A Naples apartment complex has sold and the new owner is planning to spend $7 million on improvements.
The 216-unit community is the Oasis Naples at 2277 Arbour Walk Circle just off Airport-Pulling Road.
Suburban Washington, D.C. real estate investor Excelsa Properties is the buyer. The firm would not disclose the sale price but a copy of the deed in Collier County records shows it paid $40.92 million…