Redeveloped RiverVue apartments sell for $63 million | Jax Daily Record | Jacksonville Daily Record jaxdailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jaxdailyrecord.com Daily Mail and Mail on Sunday newspapers.
The newly constructed Argyle Lake Apartments in Oakleaf sold May 10 for $54.4 million.
The 270 units sold for an average of almost $201,500 each.
The Walker & Dunlop multifamily investment sales team of Bobby Gatling, Dhaval Patel and Brian Moulder represented the seller, Chadbourne V LLC.
Tampa-based American Landmark Apartments was the buyer.
The apartments, at 9849 Crosshill Blvd. in Oakleaf Town Center, were built this year.
The community offers one-, two-, and three-bedroom floor plans with rents from $1,335 to $1,775 a month.
Units include granite counters, stainless steel appliances, a separate laundry room, pantries, vinyl-plank flooring and gooseneck kitchen faucets.
Community amenities include walking trails, green space, a gym, pool, barbecue area, fire pit, pet play area and group fitness classes.
05:10 AM EST Share The multifamily team closed 14 deals after Thanksgiving and landed five of 2020’s top 10 sales.
With about$1.75 billion in sales in 2020, Walker & Dunlop’s multifamily team of Brian Moulder, Dhaval Patel and Bobby Gatling turned an uncertain year into one of their best yet.
The three had record first- and fourth-quarter sales, which they said can be credited to low interest rates, economic development in Jacksonville and an influx of new residents to the area.
The team closed 14 sales between Thanksgiving and the end of 2020, Moulder said. The second and third quarters were slower, he said.
“If you asked me in April if we were going to have the best fourth quarter that we’ve ever had in our career, I would have thought you were nuts,” Moulder said.
A New York City investment firm purchased The Retreat at St. Johns apartments near the University of North Florida for $72.75 million on Dec. 21.
Investcorp bought the 420-unit property from Atlanta-based RangeWater Real Estate.
The apartments at 12310 Seacrest Lane were built in 2007. They are at northeast Kernan and Butler boulevards.
The sale was brokered by Walker & Dunlop multifamily specialists Brian Moulder, Bobby Gatling and Dhaval Patel. Walker & Dunlop also handled the financing for the buyer.
The community offers one-, two- and three-bedroom floorplans from $1,049 to $1,765 per month.
Units include balconies, stainless steel appliances, quartz counters, garden tubs with ceramic tile, vinyl wood flooring and recessed LED lighting.