The seller was Holley Garden Apartments Ltd., an affiliate of Grace Properties Realty and GP Investments of Orlando, Inc., managed by licensed real estate broker Andrea G. Holcomb. She also sold the 120-unit Howell Crossing Apartments in Winter Park in early November.
Covenant sourced a $12.2 million loan from Pinnacle Bank out of Nashville to help finance the purchase.
Holcombr and Covenant executives did not respond to requests for comment, and calls to the property were not answered on Friday.
Covenant Capital self-describes as one of the nation's largest real estate fund managers, with more than $1.2 billion of assets under management on behalf of over 300 institutional and high-net worth investors.
The company specializes in buying, rehabbing, re-branding and managing multifamily properties.