Investor pays $63M for two Naples apartment communities

Sharp Key Capital, a New York real estate investment firm, has bought two Naples apartment communities in a pair of deals totaling $62.9 million.

The communities are in the city’s Golden Gate community and total 351 units.

Sharp Key Capital, in an email, says its plans are to make renovations to the two properties, one which is 25 years old and the other is 38 years old…

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