A Miami-based firm bought a 152-unit apartment building in Gainesville for $9.5 million or $62,500 per unit. DB Capital Partners LLC bought Fox Hollow Apartments with $7.68 million of acquisition financing from Walker & Dunlop LLC. DB appointed Jacksonville-based Michaelson Group as the manager of the apartment property. The new owner plans to upgrade the interiors of the one- and two-bedroom apartments at Fox Hollow by installing granite counter tops and stainless steel appliances. DB ... [more]