JP Morgan Asset Management Acquires Cantabria Bradenton Residential Community For $59M

Wolfson BTR has sold Cantabria Bradenton, a build-to-rent residential community in Bradenton, Tampa Bay, for $59 million to an affiliate of New York-based JP Morgan Asset Management. The community spans 36 acres and consists of 184 three- and four-bedroom homes. This includes 172 attached townhomes and 12 detached single-family homes. The property offers various amenities such as a clubhouse, fitness center, pool, walking trails, and picnic areas.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $59,000,000
• Address: 4915 1st Avenue East, Bradenton
• Market: Bradenton
• Acres: 36
• Buyer: JP Morgan Asset Management
• Seller: Wolfson BTR - Adam Wolfson
• Units: 184
• Price Per Unit: $320,652

JP Morgan Asset Management, represented by Adam Wolfson of Wolfson BTR, acquired Cantabria Bradenton at a price of $59 million. The transaction involved 184 homes, comprising both attached townhomes and detached single-family homes. The property's amenities, including a clubhouse, fitness center, pool, walking trails, and picnic areas, add value to the residential community.