River City Area Apartment Communities Sold at $62M or $112k/u

Cortland Partners, an Atlanta developer that bought The Mirador & Stovall Apartment communities in 2012 for about $52.6M, sold them on Friday to TX-based Olympus Property Management at $62M.  They are located on the city’s far north side, on the east side of I-95 at the airport exit.  Andrew Thurlow of The JAX Business Journal reports on the transaction.

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 November 1, 2014, in JAX Business Journal, Multifamily, Transactions and tagged , , , , . Bookmark the permalink. Leave a comment.

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