Westmount Square Capital & Miramar Capital Acquire Jacksonville Multifamily For $16.91M

Two Jacksonville apartment complexes, Southwood Apartments and Lansdowne Crossing, were collectively sold for $16.91 million on Feb. 2, a $3.34 million drop from their 2021 sale price. The properties, spanning 9.65 acres and consisting of 182 units, are located at 4060 Barnes Road South & 1600 Lansdowne Drive in Jacksonville.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,910,000
• Units: 182
• Price per Unit: $92,912
• Buyer: Mark McGregor - Westmount Square Capital; Paul Fuhrman - Miramar Capital
• Seller: Mark Kenney - Think Multifamily
• Brokers: John Rutherford & Luke McCann - NAI Hallmark

The joint venture that acquired the properties, Westmount Square Capital represented by Mark McGregor and Miramar Capital represented by Paul Fuhrman, purchased the two apartment complexes from Think Multifamily. The transaction was facilitated by brokers John Rutherford and Luke McCann of NAI Hallmark, who worked with all parties involved in the sale.