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 North Pointe and Fox Run Apartments
Merion Realty Partners acquired Fox Run and North Pointe Apartments as part of a two-property portfolio totaling 666 apartment units. The assets are located within Clifton Park, NY which boasts strong demographics and top-rated schools and is located nearly...
