Two Southside Apartment Buildings Sold for $48M

Konover South (Deerfield Beach) and Blue Rock Partners (Tampa) have joined forces to purchase two apartments (532 units) in Jacksonville’s Southside for $48M, or $90,226/unit. The properties included Landmark at Hampshire Place and Landmark at Sage Commons. They were 95% occupied at the time of the sale. Both will be rebranded and renovated ($3.4M).

Carole Hawkins with the Daily Record covered the story.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on March 11, 2016, in Multifamily, Transactions and tagged , . Bookmark the permalink. Leave a comment.

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