Bella Luna Investments pays $35m for Coralina Apartments

Bella Luna Investments pays $35m for Coralina Apartments

Published at: 2019-10-01 16:33 | Author: CIJ USA
Bella Luna Investments has acquired Coralina Apartments, a 186-unit complex in Cape Coral, Florida, for $35m. Encompassing eight two- and three-story buildings, the 10.4-acre complex was completed in 2018. The property is currently 96 percent leased. Common amenities include a clubhouse, heated swimming pool, sun deck and outdoor fire pit as well as a covered poolside veranda and fitness center. JBM Institutional Multifamily Advisors facilitated the sale on behalf of the seller, Phoenix Bay Ventures.

Similar Stories:

Olney named CEO at Berkshire Residential Investments
Berkshire Residential Investments has promoted David Olney to Chief Executive Office. Olne  »
SouthStar wins refinacing for Florida apartment complex
SouthStar Properties has secured a $53 million refinance of Vista at Lost Lake, an apartme  »
Liberty Towers changes hands for $409m
Mack-Cali Realty Corporation has completed the first transaction in a $820m 1031 exchange.  »
Nathan Holdings acquires City Ridge Apartments in Jacksonville
Nathan Holdings has acquired City Ridge Apartments in Jacksonville, Florida, for $24.7m. T  »
Hurricane Hermine had the entire state of Florida on the edge of its seat in September. It   »
South Florida’s condo market is readying for a soft landing rather than the crash that m   »
There are approximately 17,000 units in Miami in presale, sold or under construction. Abou   »
The same year Orange County builders pulled 11,000. Fast forward to 2010 and those numbers   »