MELBOURNE, FL – JMG Realty Inc. has sold a 240-unit multifamily property in Melbourne, FL to an affiliate of the ConAm Group for $60 million.

The recently renovated property, Highlands Viera West, comprises a two- and three-story apartment community, located at 2185 Judge Fran Jamieson Way. The asset is situated near Florida's Space Coast, just southeast of Orlando, FL.

The property features a fitness center, a clubroom and lounge and a resort-style pool with a gazebo area. The community's one-, two- and three-bedroom units average 1,250 square feet.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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.

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.