The Retreat at St. Johns apartments sold for $72.75 million

The 420-unit community was built in 2007 at northeast Kernan and Butler boulevards.

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  • | 2:14 p.m. December 21, 2020
  • Real Estate
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A New York City investment firm purchased The Retreat at St. Johns apartments near the University of North Florida for $72.75 million on Dec. 21.

Investcorp bought the 420-unit property from Atlanta-based RangeWater Real Estate.

The apartments at 12310 Seacrest Lane were built in 2007. They are at northeast Kernan and Butler boulevards.

The sale was brokered by Walker & Dunlop multifamily specialists Brian Moulder, Bobby Gatling and Dhaval Patel. Walker & Dunlop also handled the financing for the buyer.

The community offers one-, two- and three-bedroom floorplans from $1,049 to $1,765 per month.

Units include balconies, stainless steel appliances, quartz counters, garden tubs with ceramic tile, vinyl wood flooring and recessed LED lighting. 

Amenities include a cybercafe, fitness center, resort-style pool, grilling stations, jacuzzi, lakeside running trail, volleyball court and a billiards room.

In 2017, RangeWater acquired the community for $58.8 million.