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Jax Daily Record Tuesday, Dec. 7, 202105:17 PM EST

Brookwood Forest Apartments sold for $40 million

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The community, built in 2006, comprises 166 two-bedroom units.
by: Dan Macdonald Staff Writer

A Connecticut company purchased Brookwood Forest Apartments on Nov. 15 for just more than $40 million.

The community, at 1250 Brookwood Forest Blvd., is between Monument and Lone Star roads about a half mile east of Interstate 295.

Brookwood Forest Partners LTD of Maitland sold the apartments to Starwood Capital Group Global of Greenwich, Connecticut, for $40,097,447.

Brookwood Forest comprises 166 units in nine buildings that sit on 10.4 acres. The per-unit sale price is $241,551. 

In April 2005, Brookwood Forest Partners LTD bought the land from the Jacksonville Christian Center Inc. for $1,244,000. Built in 2006, the complex had a taxable value of $1,859,458. 

Its 2021 taxable value is $12,339,127.

The two-bedroom, two-bath apartments are 1,086 square feet and lease for $1,169 to $1,219 a month, according to Apartments.com. 

Amenities in the gated community include a resort-style pool, fitness studio, business center, wheelchair accessible rooms and washer-dryer hookups.

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