Lohmans buy, sell apartments
Lowell, Nancy and Ty Lohman recently sold six apartment complexes totaling 1,250 apartments in Daytona Beach and Orlando to a Miami investment company for $63 million.
The Daytona Beach properties are: Eagle Bay Apartments (Daytona Beach), Eagle Oaks Apartments (South Daytona), Eagle Park Apartments (Holly Hill) and Eagle Briar Apartments (New Smyrna Beach).
They have also recently purchased three complexes totaling 457 apartments in Daytona Beach, Orlando and Jacksonville for $16.6 million dollars. After the transactions, they will still own nine apartment complexes in Daytona Beach, Orlando, and Jacksonville totaling 1,593 apartments.
Previously, along with Lowell’s brother Victor, they were the largest private family owned operator of funeral homes and cemeteries in Florida with 34 locations.
Their corporate offices are located at 725 W. Granada Blvd., Ormond Beach. Attorney Jeff Brock handled the transactions.
Call the Lohman office at 615-1100.