The 354-unit Elliot Baymeadows Apartments sold July 9 for $51.25 million.
The community is at 9480 Princeton Square Blvd. S. about a half-mile south of Baymeadows Road. It is southeast of the Interstate 95-Baymeadows interchange.
The buyer was Post Investment Group of Los Angeles through Foothill Elliot Baymeadows LLC.
Post Investment Group says it is “one of the largest, most active owner-operators of affordable housing in the nation,” with a portfolio of more than 30,000 units.
The seller was New York City-based Ashcroft Capital through Green Tree Borrower LLC.
The property comprises 25 two-story apartment buildings. It was built in 1986 on 18.1 acres. The per-unit price is $140,796.
There are one- and two-bedroom units with one or two baths. Apartments are 550 to 1,100 square feet. Monthly rents are $940 to $1,600, according to apartments.com.
Amenities include two pools, an outdoor kitchen and grilling stations, a car detailing center, a resident lounge and community pond with a walking path.
It last sold in 2021 for $51.25 million.