Arch Companies Sells Multifamily Portfolio In Jacksonville, Winston-Salem, And Spartanburg For $200M

Arch Companies has completed a multifamily property transaction with a total sale price of $200,000,000. The property, located at 1591 Lane Avenue South Midtown Oaks, 1706 Art Museum Drive, 3411 Old Vineyard Road, 1805 Franciscan Drive, 1010 Oak Grove Road, and 408 Abner Rd, consists of 1993 units, with a price-per-unit of $100,351. This transaction took place in Jacksonville, FL, Winston-Salem, NC, and Spartanburg, SC.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $200,000,000
• Units: 1993
• Price Per Unit: $100,351

The sale was facilitated by Arch Companies, with Jeffrey Simpson, Jared Chassen, Tristan Last, and Michelle Miller representing the seller in this deal.