Cardinal Capital Properties Acquires Fort Myers Multifamily For $122.2M

The multifamily property located at 1601 Red Cedar Dr in Fort Myers has been sold in a transaction involving Cardinal Capital Properties as the buyer and Lurin Capital as the seller. The sale, facilitated by broker Matt Simmons from Maxwell, Hendry & Simmons, took place on 03/23/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $122,200,000
• Address: 1601 Red Cedar Dr, Fort Myers
• Market: Fort Myers
• Units: 936
• Price Per Unit: $130,556
• Buyer: Cardinal Capital Properties
• Seller: Lurin Capital
• Broker: Matt Simmons - Maxwell, Hendry & Simmons

The transaction involved a sale price of $122,200,000 for the multifamily property, which consists of 936 units. Cardinal Capital Properties acquired the property from Lurin Capital, with the assistance of broker Matt Simmons from Maxwell, Hendry & Simmons.