Jacksonville apartments sell for $40 million

New York-based Arch Properties, through an affiliate, has purchased the Camelot Gardens Apartments located at 1591 S Lane Ave $40 million. Built in the late 1960s, the apartments were last bought for $27 million in 2016.

The purchase comes on the heels of another purchase Arch Companies made in Jacksonville, the $14.1 million purchase of Midtown Oaks Apartments.

By: Will Robinson, Jacksonville Business Journal


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