A Texas company purchased 123-unit The Park at Blanding apartments in Orange Park for $16.17 million.
The community is at 222 Blairmore Blvd. E., east of Blanding Boulevard near W.E. Cherry Elementary School.
WMA Portfolio Manager of Prosper, Texas, bought the apartments through WMA Park at Blanding LLC. The per-unit sales price is $131,476.
The seller was 222 PAB Holdings SPE LLC, also of Prosper.
The buyer and seller share the same Prosper address.
The apartments comprise six buildings built in 1968 on 13.29 acres.
There are two- and three-bedroom and one- and two-bath units from 930 to 1,070 square feet. Rents are $1,385 and $1,749, according to apartments.com.
The Park at Blanding has a community fitness center, pool and playground. There is also a picnic and grill area with on-site management and maintenance.
In September 2022, 222 PAB Holdings SPE LLC acquired the property from Park at Blanding Managers LLC, also of Prosper, for $12.915 million.