A group of six New Jersey buyers bought two West Jacksonville apartment complexes last week, according to deeds filed March 25 with the Duval County Clerk of Courts.
The six entities share the same address in Jackson, New Jersey, with Advanced Precision Group, a multifamily real estate company.
They purchased the Preserve at Cedar River Apartments for $33,234,569 and Heritage on the River Apartments for $17,765,431.
The group bought both properties from Bloomfield Hills, Michigan-based group Princeton Enterprises LLC, through Preserve at Cedar River LP and Heritage on the River LP.
The 464-unit Preserve at Cedar River is at 4207 Confederate Point Road in West Jacksonville.