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 The Monroe
Merion acquired The Monroe apartments in Tallahassee, Florida on July 16th 2019. This 288 unit property is conveniently located along I-10 with close proximity to Tallahassee’s major employment centers, universities and state government. The property has excellent...
