Another day another Triangle apartment complex changes hands.

An Ohio investor has purchased the 186-unit The Parc at University Tower in Durham for $17.55 million.

The seller was Sherman Residential of Deerfield, Ill., the firm that also sold The Point at Chapel Hill Apartments last week for $25.545 million.

The Connor Group, a real estate investment firm based in Centerville, OH, bought The Parc, which was built in 1997.

Sherman paid $16 million for the complex back in February 2005.

This week's $10.5 million sale of the Huntington Athletic Club Apartments in Morrisville wasn't the biggest Triangle apartment deal to close this month.

In another sign that buyers and sellers are finding some common ground,
the 292-unit Lenox @ Patterson Place Apartments in Durham was bought by
The Connor Group, an Ohio real estate company, on Dec. 1 for just over $20 million.

The price was 11 percent less than the seller, Equity Residential, a Chicago-based real estate investment trust, paid for the property in February 2006.