Apartment complex with 152 units sold for $13M

The Springdale Apartments in Palm Springs were acquired by a Tampa-based company for $13.25 million. Advenir@Pines, part of Stephen Vecchitto’s Aventura-based apartment developer Advenir, sold the 152-unit complex at 2300 Springdale Blvd. to 2500 Springdale LLC and 1746 10th Way LLC. The new co-owners are Tampa-based Avesta Homes and the Sarasota-based Jesse M. Biter, a software entrepreneur and real estate investor. Berkadia Commercial Mortgage provided an $11 million mortgage to…

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