Address: 5865 Caribbean Blvd., West Palm Beach

Property type: 206-unit apartment complex built in 1991 on 21 acres

Price: $7 million, or $33,981 per unit

Seller: T/A West Palm Beach L.P., managed by Triad Development Inc.

Buyer: Caribbean Villas West Palm LLC, managed by Read Property Group

Past sale: $5.55 million in 1996