Kenneth Goodman & Zachary Goodman Acquire Brantley Pines Apartments In Fort Myers

The Brantley Pines Apartments, located at 1801 Brantley Road in Fort Myers, Florida, have been sold for $57,000,000. The multi-family property comprises 296 units with a total square footage of 268,624. The price per unit stands at $192,568, and the price per square foot is $212.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $57,000,000
• Buyer: Kenneth Goodman & Zachary Goodman - Interface Properties
• Seller's Rep: Jamie May & Eddie Yang - JBM Institutional Multifamily Advisors
• Units: 296
• Square Footage: 268,624
• Market: Fort Myers

Interface Properties, led by Ken Goodman and Zac Goodman, has successfully acquired the Brantley Pines Apartments. The acquisition loan amounting to $39.9 million was secured from Freddie Mac with Green environmental benefits. Berkadia’s team, spearheaded by Senior Managing Director Mitch Sinberg and Vice President Michael Basinski, facilitated the financing for the transaction. Interface Properties plans to implement significant renovations, including upgrading unit interiors, enhancing common areas, and introducing new amenities to the property.