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Main Street Residential Acquires 104-Unit Belle Rive Apartment Community in Submarket of Jacksonville, Florida for $13.13 Million

Main Street Residential Acquires 104-Unit Belle Rive Apartment Community in Submarket of Jacksonville, Florida for $13.13 Million
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Belle Rive Club Apartments sold for $13.13 million | Jax Daily Record | Jacksonville Daily Record

Belle Rive Club Apartments sold for $13.13 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.

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Main Street Residential Completes $23 Million Acquisition of 218-Unit River Gardens Apartment Community in Tampa, Florida

TAMPA, FL - Main Street Residential, a Florida based multifamily investment group, announced the $23 Million acquisition of River Gardens Apartments in Tampa, FL. Berkadia represented KCB Real Estate Management for the sale to Main Street Residential.
The CBS constructed property consists of 218 units offering one, two and three-bedroom garden style apartments. River Gardens has many exemplary amenities including direct waterfront access with boat docks, water transport service, three swimming pools, resident clubhouse, fitness center, dog park, and large living spaces.
Todd C. Marshall, Main Street Residential Managing Partner, states that, This acquisition is an exciting addition to our investment portfolio. River Gardens is a unique multifamily property that was built in 1965 and will undergo Main Street Residential s Value-Add Signature Renovation of all apartment interiors, common areas, amenities and building exteriors. ....

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Main Street Residential™ Acquires River Gardens Apartments in Tampa, FL

Main Street Residential™ Acquires River Gardens Apartments in Tampa, FL
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STUART, Fla., Dec. 17, 2020 /PRNewswire/ Main Street Residential™, a Florida based multifamily investment group, announces the $23 Million acquisition of River Gardens Apartments in Tampa, FL. Berkadia represented KCB Real Estate Management for the sale to Main Street Residential.
Waterfront Apartments
The CBS constructed property consists of 218 units offering one, two and three-bedroom garden style apartments. River Gardens has many exemplary amenities including direct waterfront access with boat docks, water transport service, three swimming pools, resident clubhouse, fitness center, dog park, and large living spaces. ....

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Main Street Residential Completes Disposition of 263-Unit Serotina Lakes Apartment Community in Jacksonville, Florida

JACKSONVILLE, FL - Main Street Residential, a Florida based multifamily investment group, sold Serotina Lakes Apartments. CBRE represented Main Street Residential for the sale. Lone Star Capital Group of New York acquired the asset for $23.67 million.
This unique 263-unit multifamily property was purchased in 2016 and completely renovated by the Main Street Residential investment group.
Todd C. Marshall, Main Street Residential Partner, states that the sale of Serotina Lakes represented a textbook value add round trip for the company and our investor partners. We executed our signature renovation and value enhancing programs that allowed us to deliver very strong returns upon our exit. ....

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