Blue Rock Partners LLC, in a partnership with Konover South LLC, Deerfield Beach, have snapped up the 288-unit Sutton Place Apartment Homes near University Boulevard and N. Forsyth Road in Winter Park for nearly $18.2 million. Tampa-based Blue Rock plans to invest an additional $2.1 million in improvements at Sutton Place, which will be rebranded and marketed as "The Park at Sutton Place,” a press release said.

The partnership's latest acquisition comes two weeks after its April 25 closing of the 244-unit Palm Grove Apartment Homes in Tampa.