The Boca Manor Apartments traded for $13.5 million.
Robert G. Gordon Boca Trust LLC, managed by Lee B. Gordon in Palm Beach, sold the 85-unit complex at 2500 N. Federal Highway to KMF X Boca Manor, an affiliate of the Klingbeil Multifamily Fund X, which is managed by the Klingbeil Organization in San Francisco, The buyer manages apartment complexes nationwide. PNC Bank provided a $10.75 million loan to the buyer.
The price equated to $158,824 per unit.
The 89,160-square-foot Boca Manor Apartments…