Investcorp Unloads Jax Apartments for $66.4M
American Landmark Apartments purchased the Rosemont St. Johns apartments in Jacksonville for $66.4 million. Investcorp was the seller. Commercial Edge reports that Investcorp bought Rosemont in December 2020 from RangeWater Real Estate for $72.8 million.
American Landmark Apartments rebranded the community at 12310 Seacrest Lane as Vinoy at St. Johns.
Rosemont St. Johns came online in 2007 at 12310 Seacrest Lane. The property consists of 16 three-story buildings across a 21-acre site, enclosing 240 one-bedroom, 120 two-bedroom and 60 three-bedroom apartments ranging from 756 to 1,376 square feet.
Shared amenities include a swimming pool with a sundeck, a clubhouse with a resident lounge and kitchen, a 24-hour fitness center, outdoor grilling and picnic areas, and a dog park. Additionally, Rosemont features grade-level parking with 840 spots.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout