Interface Properties has purchased Brantley Pines for $57 million, or $192,568 per unit, from The Inland Real Estate Group.
The deal was brokered by JBM, which controls 70 percent of the market share in Southwest Florida. It’s also not the first deal it has worked with Inland on. JBM has helped the real estate group with $930 million worth of transactions, whether that’s buying or selling.
The multifamily property in Fort Meyers, South Florida measures 29.11 acres. It was constructed in two phases, with 46 percent of the property getting previously renovated.
Some amenities include a lakeside deck, pickleball courts, grilling stations, a fitness center that’s open 24 hours, reserved parking, a dog park, and storage units. The entire property features 296 units.
Interface is planning to continue with renovations by adding a pool area, lakeside walking trail, improving the clubhouse, and landscaping, among other perks to the property.
Brantley Pines is within two miles of Target, Whole Foods, and Publix Super Market stores. Also, two emergency care facilities, Lee Health Gulf Coast Medical Center and Lee Memorial Hospital, are less than five miles away.