REBusinessOnline

ORANGE PARK APARTMENTS SOLD OUT OF RECEIVERSHIP

ORANGE PARK, FLA. — Trigild Inc., acting as a receiver, has traded the 232-unit Blanding Place Apartments to a Canada-based purchaser for $51,724 per unit. Located on Burwick Road in Orange Park, the 24-year-old property is spread across 19 acres. The buyer assumed the restructured CMBS loan provided by the special servicer, Midland Loan Services. Steve Lear and Bart Walchle of Walchle Lear Multifamily Advisors brokered the sale of the property, which is 81 percent occupied.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

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