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SPRING LAKE, N.C. — New York-based First American Exchange Corp. has acquired Village on the Lake Luxury Apartments, a 115-unit, 30-acre multifamily community in Spring Lake, from Village on the Lake LLC, for $16.9 million. The property also includes an adjacent land parcel that has entitlements for the development of 108 additional units. The complex was 94 percent occupied at the time of sale and is located at 605 Village Lake Court, near Fort Bragg and Fort Pope Air Force Base. Jim Scofield of Sperry Van Ness’ Raleigh, N.C., office represented the seller, and the buyer was represented by Lefku & Company.