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 Carillon Woods
Merion acquired the newly constructed Carillon Woods in August 2021. The Property was developed, owned and managed by a large Delaware homebuilder. Although the property is new, there are several opportunities where Merion can add value. In addition, Merion has...
