Lone Star Sells Matthews Crossing Apartments for $30k/u

The Dallas-based investment fund that also is majority owner of Winn-Dixie’s parent company, sold JAX’ largest apartment community, Matthews Crossing off Atlantic Blvd., with 1,103 units, to a New York buyer for $32.7M, or about $30k/u.  Lone Star bought it in 2012 for $17M and later renovated the community.  Roger Bull of The Florida Times-Union has the story.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on August 23, 2014, in Multifamily, Transactions and tagged , , , , , . Bookmark the permalink. 1 Comment.

  1. Scott – I’m a fellow blogger on WordPress and it looks like we’re in similar industries (commercial real estate)… just in different states. I thought it would be fun to connect with you! I specialize in Denver multifamily sales (10-110 units). I blog via: https://kmalnati.wordpress.com. I’m going to start following your blog, and I would be honored if you would do the same. Best Regards,
    ~Kyle Malnati – Madison & Company Properties – Madison Commercial Properties – http://www.DenverApartmentBuildingsForSale.com

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