208-UNIT APARTMENT COMPLEX FETCHES $7.12 MILLION

JACKSONVILLE, FLA. — An undisclosed REIT has sold the 208-unit Pinebrook Apartment Homes, located at 7500 Powers Ave. in Jacksonville, to an undisclosed buyer for $7.12 million. The property encompasses 14 two-story buildings. Stewart Weston of Marcus & Millichap’s Long Beach, Calif., office and David Hsieh of the firm’s Jacksonville office brokered the sale.