DiversyFund Growth REIT Acquires Stuart Multifamily For $15.5M

The multifamily property located at 201 SW Joan Jefferson Way in Stuart was recently sold in a transaction that closed on January 28, 2021. The property spans an area of 1.6 acres and is part of the Stuart market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,500,000
• Address: 201 SW Joan Jefferson Way, Stuart
• Market: Stuart
• Acres: 1.6

The buyer in this transaction was DiversyFund Growth REIT, while the seller was New Urban Communities. The deal was facilitated by brokers Alexis Shapiro and Stephen Nostrand from @one.cre.

The transaction involved the sale of 49 units, with a price per unit (PPU) of $316,300.