David Schwartz Of Waterton Acquires Multifamily Asset From Robert Landin Of The Milestone Group For $94.4M

The multifamily asset involved in the transaction is the Country Club Lakes apartments, located at 4090 Hodges Boulevard in Jacksonville. The property consists of 555 units and was sold for $94.4 million, translating to a price per unit of $170,090. The apartments feature one- to three-bedroom units and full amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $94,400,000
• Units: 555
• Price Per Unit: $170,090
• Buyer: David Schwartz - Waterton
• Seller: Robert Landin - The Milestone Group
• Brokers: Erik Bjornson & Tyler Nilsson - Institutional Property Advisors

This transaction marks a significant acquisition for Chicago-based Waterton, which continues to expand its presence in Jacksonville's rental housing market. The deal was facilitated by Erik Bjornson and Tyler Nilsson, representing Institutional Property Advisors, who played a key role in finalizing the transaction between the buyers and the sellers.