facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

50 Wexford Way

Updated May 12, 2025

Edward J. DeBartolo, Jr. Of DeBartolo Holdings Acquires Eight Winds Apartments In St. Augustine For $59M
SOLDMultiFamily

Edward J. DeBartolo, Jr. Of DeBartolo Holdings Acquires Eight Winds Apartments In St. Augustine For $59M

50 Wexford Way

$59,000,000

Units

280

Asset Type

MultiFamily

Closing

Feb 26, 2025

About this deal

AI

The transaction involved the sale of a multifamily asset located at 50 Wexford Way, St. Augustine. The property consists of 280 units, and the sale was executed for a total price of $59,000,000. A mortgage for $55,000,000 was secured from Goldman Sachs to facilitate the purchase. The residential complex includes seven four-story buildings, completed in 2024, and features amenities such as a clubhouse, pool, gym, and EV charging stations.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $59,000,000
  • Buyer: Edward J. DeBartolo, Jr. - DeBartolo Holdings
  • Seller: Frank Guerra - Altis Cardinal
  • Lender: Goldman Sachs
  • Units: 280
  • Price Per Unit: $210,714

Edward J. DeBartolo, Jr. represented DeBartolo Holdings in this transaction, while Frank Guerra represented Altis Cardinal. The deal was notable for its value and the involvement of Goldman Sachs as a key financial partner.

On the Map

Open live map

$59,000,000

MultiFamily

View full map

Players

AC
Altis CardinalSeller
Bilt advertisement

Saint Augustine MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $210.7K per unit across 280 units on a published $59M (2025).

Browse Saint Augustine multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets