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South Florida

PB County apartments sell for $32M

6175 Reflections Boulevard
6175 Reflections Boulevard

A Palm Beach County apartment complex has changed hands for $32 million, The Real Deal has learned.

Lantana-Oxford Associates, a company managed by Denver-based AIMCO, sold a 404-unit community at 6175 Reflections Boulevard in Lake Worth, according to Palm Beach County records. The transaction closed on Jan. 24 and was recorded by the county on Friday.

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The AIMCO company was operating the complex as the Runaway Bay Apartments.

West Springfield, Mass.-based Lantana Silver Springs is the buyer of the community, which was built in 1986. The company did not obtain financing for the acquisition.

A few days before the sale of the Lake Worth complex closed, the Florida Club apartment community in Boynton Beach sold for $40 million. — Eric Kalis

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Boynton BeachLake Worth