Save the date: RealShare Apartments East comes to the Hyatt Regency in Miami, FL, on February 26.

PENSACOLA, FL—Two Pensacola multifamily properties have traded hands. Ashley Club Apartments and Arbor Club Apartments have sold for $19.6 million.

The multifamily communities offer a combined 392 units. Kislak president Robert Holland, senior vice president Matt Weilheimer and sales associate Joseph Keenan handled the sale exclusively on behalf of the seller. A partnership that owned the multifamily properties for more than 20 years sold the asset to a large national multifamily asset owner and operator.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.