Miami attorney Mark Meland closed a $40.5 million sale of a garden-style apartment complex posing as condominiums in Pinellas County.

ESG Kullen, a New York-based real estate owner and investor, sold the 250-unit Madison Oaks community in Palm Harbor to Residential Management Inc., a New York-based multifamily property manager. The Oct. 23 deal breaks down to $162,000 per unit.