BRT Capital Purchases Apartment Community in Tallahassee for $30.4M

Jackson Square Apartments in Tallahassee, Fla., features a pool, fitness center, clubhouse and a racquetball court.

TALLAHASSEE, FLA. — BRT Apartments Corp. has acquired Jackson Square Apartments, a 242-unit multifamily community located at 1767 Hermitage Blvd. in Tallahassee. The New York-based firm acquired the asset through Miami-based Lloyd Jones Capital, a joint venture in which it has an 80 percent equity interest, for $30.4 million. Constructed in 1996, Jackson Square offers one- to three-bedroom units and features a swimming pool, fitness center, clubhouse and racquetball court.

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