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.
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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...