Passco Pays $54.9Mln for Apartments South of Jacksonville, Fla.

  • March 19, 2020
  • Commercial Real Estate Direct

Passco Cos. has paid $54.9 million, or $225,000/unit, for the 244-unit Reserve at Nocatee apartment property in Ponte Vedra, Fla., which is just south of Jacksonville, Fla. It bought the two-year-old property, at 215 Hunters Lake Way, from Block One Ventures of Jacksonville in a deal brokered by Walker & Dunlop.

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