Moncler Capital Partners, a U.S. real estate investment management firm, has closed on the sale of Carlyle at Waters, an apartment community in Tampa.

The 392-unit apartment community is located within 20 minutes of downtown Tampa as well as the University of Central Florida.

The firm sold the property, constructed in 1985, to real estate services provider Sunstone Properties Trust.

Moncler Capital Partners, which was represented by CBRE in the deal, sold the apartment community for a total purchase price of $42.1 million.