SOUTHEAST APARTMENT PARTNERS ARRANGE SALES IN FLORIDA AND NORTH CAROLINA

SOUTHEAST APARTMENT PARTNERS ARRANGE SALES IN FLORIDA AND NORTH CAROLINA
JACKSONVILLE, FLA., AND WINSTON-SALEM, N.C. — Brian Moulder of Southeast Apartment Partners’ Jacksonville, Fla., office brokered the sale of Island Pointe Apartments in Jacksonville for $18.6 million. The multifamily complex features 288 garden-style units. The seller is an affiliate of Denver-based Sagebrush Realty Holdings, and the buyer is Atlanta-based D.E.L. Development.
Daniel Eller of Southeast Apartment Partners’ Raleigh-Durham, N.C. office has represented Steven D. Bell and Company in the sale of Deerwood Crossing and Dutch Village, a two-property multifamily portfolio located in Winston-Salem, N.C., for $19.3 million. Combined, the properties contain 288 townhome units and are situated on more than 42 acres of land. Vaios Theodorakos of Framingham, M.A.-based VTT Properties purchased the properties.