Investors buy Jade at Olde Naples for $21.25 million

The Jade at Olde Naples has changed hands.

The new owners have suggested they could replace about half the apartments with condos. The possibility has sparked concerns about the loss of affordable rentals in the city, which are few and far between.

County records show the property sold for $21.25 million in March to a Florida-based limited liability company, going under the name BАС TGC NAPLES OWNER. The company is an affiliate of Tidegate Capital, a Boston-area real estate investment firm…

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