TerraCap Management Acquires 280-Unit Multifamily In Fort Myers For $94M

The multifamily property located at 9940 Estero Oaks Dr in Fort Myers has been sold for a total of $94,000,000. The transaction took place on 03/10/2022 and involved a 18.14-acre plot of land. The property consists of 280 units, with a per unit price of $335,714.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $94,000,000
• Date: 03/10/2022
• Address: 9940 Estero Oaks Dr
• Market: Fort Myers
• Acres: 18.14
• Buyer: TerraCap Management - Steve Good
• Seller: Royal Palms Cos.
• Broker: Jamie May - JBM
• Units: 280
• PPU: $335,714

The buyer of the property is TerraCap Management, represented by Steve Good. The seller is Royal Palms Cos. The broker involved in the transaction is Jamie May from JBM.