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.
Acquires Merion Stratford
Merion Stratford is a 130 unit Class A apartment community located in the quiet bedroom community of Stratford, Connecticut within affluent Fairfield County. Merion Stratford is located within minutes of both I-95 and the Merritt Parkway and affords residents...
