American Landmark Apartments Acquires Multifamily Property In Jacksonville For $50.5M

A multifamily property located at 4435 Touchton Road in Jacksonville has been sold in a transaction valued at $50,500,000. The property consists of 282 units, with a per unit price of $179,078. The sale took place on December 17, 2020.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,500,000
• Units: 282
• Price Per Unit: $179,078

The buyer of the property is American Landmark Apartments, while Lloyd Jones Capital acted as the seller. The brokerage team representing the transaction included Brian Moulder, Bobby Gatling, and Dhaval Patel from Walker & Dunlop.