The ConAm Group Acquires Melbourne Multifamily For $60 Million

The ConAm Group has acquired a multifamily property located at 2185 Judge Fran Jamieson Way in Melbourne. The transaction, which took place on April 6, 2021, involved the purchase of a property consisting of 240 units. The property was sold by JMG Realty Inc., represented by Karlton Jackson and Tim Brock.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Address: 2185 Judge Fran Jamieson Way, Melbourne
• Market: Melbourne

The sale was facilitated by brokers Jay Ballard and Ken DelVillar from JLL Capital Markets. They played a crucial role in connecting the buyer and the seller and ensuring the successful completion of the transaction. The purchase price amounted to $60,000,000, with a per unit price of $250,000.

With this acquisition, The ConAm Group has expanded its portfolio and solidified its presence in the Melbourne real estate market.