Atlanta group buys Westchase apartments for $64.5M, plans renovations

Pollack Shores Real Estate Group has big plans for Lexington Park at Westchase.

The Atlanta-based investment group paid $64.5 million or $161,250 per unit for the 400-unit Lexington Park in a deal that closed June 4, according to a Hillsborough County deed filed Wednesday.

The seller, Miami Beach-based Crescent Heights, paid $42.5 million or $106,250 per unit in 2010. Lexington Park was built in 2010.

Pollack Shores is planning to invest “significant capital” in the property, managing director… …read more