Two Jacksonville apartment communities sold for a combined $16.91 million on Feb. 2 — about $3.34 million less than what they sold for in 2021.
The 86-unit Southwood Apartments at 4060 Barnes Road in South Jacksonville and the 96-unit Lansdowne Crossing at 1600 Lansdowne Drive in Arlington were purchased by a joint venture of Westmount Square Capital of Beverly Hills, California, and Miramar Capital of Los Angeles.
Think Multifamily of Dallas was the seller.