LVP Camellia Associates LLC Acquires Camellia World Commerce Center Apartments In St. Augustine For $53.3M

The Camellia World Commerce Center apartments in St. Augustine have been sold for $53.3 million to LVP Camellia Associates LLC, a company affiliated with Lightstone. This multifamily property, located at 50 Palma Vista Way, spans across 11.13 acres. The community, built in 2022, consists of 210 luxury apartments and offers amenities such as a clubhouse, pool, and fitness center.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,300,000
• Address: 50 Palma Vista Way
• Market: St. Augustine
• Size (in acres): 11.13

Erik Bjornson and Tyler Nilsson from Institutional Property Advisors represented both the buyer, LVP Camellia Associates LLC, and the seller, WCC Palma Vista LLC, in this transaction.