(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)
JACKSONVILLE, FL—In a sale brokers say bolsters the trend for class A stabilized multifamily assets in prime locations, Villas of St. Johns has traded for $38.6 million. That translates to $150,194 per unit for the 257-unit riverfront community.
Brian Moulder and Dhaval Patel of the CBRE Jacksonville Multi-Housing Group, represented the seller, Northwestern Mutual Life. Bell Partners acquired the asset.
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