NYC Investor Pays $37.9M ($140k/u) for MFR Community near SJTC

Dermot Realty Management/Dermot Properties paid $37.9M for the 270-unit, The Arelia at James Island Apartments located at 5230 South Gate Parkway, near St Johns Town Center and UNF.  Andrew Thurlow of The JAX Business Journal 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 December 8, 2014, in JAX Business Journal, Multifamily, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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