American Landmark Acquires 208-Unit Multifamily Property In Melbourne For $36.9M

The multifamily property located at 2334 Woodwind Trail in Melbourne has been sold in a transaction. The property consists of 208 units and was sold for a price of $36,900,000, resulting in a per unit price of $177,404. The sale took place on November 19, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $36,900,000
• Address: 2334 Woodwind Trail
• Market: Melbourne

The buyer in this transaction was American Landmark, while the seller was BG Capital Management. The deal was facilitated by the brokers Shelton Granade, Luke Wickham, Justin Basquill, and Sean Williams from Institutional Property Advisors (IPA).