Sale of apartment complex sets per-unit price record in Lee County

Author: David Dorsey, Gulfshore Business
Published: Updated:

The per-unit sales price of apartments in Lee County has increased once again.

Drift at the Forum, a 194-unit apartment complex at 3417-3425 Forum Boulevard in Fort Myers, sold for $62.5 million on Feb. 4, making it one of the biggest sales of early 2022.

The per-unit price of $322,164 eclipsed the Lee County record of $315,000 per unit set in December when the nearby, 288-unit Encore Vive at the Forum sold for $91 million.

MREF III AND IV were the limited liability corporations that made the purchases. Those appear to be owned by Momentum Real Estate Partners of Miami. The leaders of the company could not be reached for comment.

The land on which the apartments were built last sold for $4.25 million in December 2019, property records show, prior to construction.

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