Merion Champions Walk, L.P. acquired Champions Walk Apartments in Bradenton, Florida for $58 million, or $154,255 per unit. The community was constructed in 1997, is in good physical condition, is very well located and has a solid resident base. Merion’s business plan focuses on improving the physical asset with a remodel of the clubhouse, leasing center, pool area and amenity package. Merion will also institute a unit interior upgrade program to better compete with newer communities in the Bradenton and Sarasota markets.
Merion Acquires Black Bear Apartments
Merion Realty Partners acquired Spark Black Bear apartment which is a 250-unit Class-A, multifamily community constructed in 2019 and located in Morgantown, West Virginia. The Property is situated within the University Town Centre which is Morgantown’s premier...
