Sarasota Herald Tribune Inside Real Estate – March 2012 –
The eight-unit Embassy Arms Apartments at 1836 Laurel Street in the Laurel Park neighborhood in downtown Sarasota recently changed hands. Sawa Management LLC, a Sarasota company managed by Punit Patel, purchased it from RTQ Management Inc. for $525,000. The complex is 100 percent occupied and has all one bedroom-one bath units. Angela Young with A. Young Realty represented the buyer and Mike Migone, CCIM with SVN Commercial Advisory Group represented the Seller. RTQ Management, a Sarasota company managed by Tamara Lloyd, purchased the complex for $600,000 in September 2009.