A Massachusetts investor has bought a Naples apartment community and plans to turn about half the units into condominiums.
Jade at Olde Naples at 1015 Second Ave. N. was sold to Tidegate Capital, which is based on Cape Cod in Duxbury, south of Boston. Collier County property records show it paid $21.25 million for the 104-unit community.
The seller was a Connecticut investor that paid $12.3 million in 2016…