The Avana Bartram Springs apartments at 14951 Walden Springs Way in Mandarin sold June 30 for $39.66 million.
The property, known as the Reserve at Bartram Springs when it was built in 2006, last sold in November 2018 for $40.73 million, about $1.1 million more than the June 30 price.
The 23.7-acre property comprises 15 buildings with 268 units. That is $147,985 per unit based on the sale price.
The one-, two- and three-bedroom units have one or two bathrooms and are 726 to 1,643 square feet.
The gated community’s amenities include a pool, 4,922-square-foot clubhouse, community TV room, playground, fitness center, picnic area, business center and on-site maintenance, according to apartments.com.
Fogelman Properties of Memphis, Tennessee, sold the property through Reserve at Bartram Springs LLC. Greystone & Co. of Charleston, South Carolina, made the purchase through GEP XII Southside LLC and received a $32.6 million mortgage from Walker & Dunlop of Jacksonville.
Fogelman Properties was formed in 1963 and manages more than 120 apartment communities totaling 35,000-plus units in 12 states, according to its website.
Greystone & Co., founded in 1988, is a commercial real estate finance, investment and advisory firm. It is one of the largest commercial FHA, Fannie Mae and Freddie Mac lenders, according to its website.