Newspaper article Sarasota Herald Tribune

Another Manatee Complex Is Sold | DXG29. Short Local Story. | DBUZZ29. Local Briefs That Should Not Cut. | DCORP29. Corporate Report (Cut to Fit but Must Leave Last Sentence of Each Item, Which Has Closing Stock Price) with DIVIDENDS Graphic to Upload. | Jumps | DAILY SUBMISSION BOX Submission Box on How to Submit Business News. Daily on 2D. | Sun Chase Apartments Change Hands for $20 Million

Newspaper article Sarasota Herald Tribune

Another Manatee Complex Is Sold | DXG29. Short Local Story. | DBUZZ29. Local Briefs That Should Not Cut. | DCORP29. Corporate Report (Cut to Fit but Must Leave Last Sentence of Each Item, Which Has Closing Stock Price) with DIVIDENDS Graphic to Upload. | Jumps | DAILY SUBMISSION BOX Submission Box on How to Submit Business News. Daily on 2D. | Sun Chase Apartments Change Hands for $20 Million

Article excerpt

MULTIFAMILY REAL ESTATE

BRADENTON -- The 168-unit Sun Chase apartments here sold this month for $20 million.

It was the third multifamily deal in Manatee this year for General Services Corp., a Richmond, Virginia, company that operates 49 apartment communities in five states, according to county court filings,

The 30-year-old Sun Chase, 5909 30th Ave. W., offers one- and two- bedroom units with monthly rents ranging from $1,005 to $1,510.

Seller Sunchase TL2 LLC, a Houston, Texas, company managed by Yalamanchili Chowdary, paid $9.4 million for the 14.2-acre property in 2013, records show.

General Services, known as GSC, has been an avid buyer of apartment complexes in Manatee County this year.

In June, GSC paid $33 million for the 300-unit Cypress Winds, 6904 W. …

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