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JACKSONVILLE, FLA. — Cortland Partners has purchased a Jacksonville apartment community for $22.5 million. Reserve at Deerwood contains 226 units and is situated adjacent to AQUA Deerwood, a 391-unit community Cortland acquired in 2012. In the near term, Cortland plans to renovate and upgrade the property and incorporate it into the AQUA Deerwood community. Berkadia Commercial Mortgage and Ares Commercial Real Estate Corp. helped arrange acquisition financing for the deal. The seller’s name was not released.