ST. PETERSBURG - A huge New York pension fund adviser has bought the West Port Colony apartments for $54.6 million. The sale of the 324-unit complex to Clarion Partners works out at $168,519 a unit.
Built in 1989, West Port Colony last sold for $16.2 million in 2001. Clarion manages nearly $51.2 billion in total assets for more than 350 pension funds and other institutional investors.
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