Channelside Apartments trade for $65.2 million

Deal marks the second sale of the 325-unit Fort Myers multifamily complex in three years

  • By Kevin McQuaid
  • | 6:00 a.m. September 6, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — A California investment group has acquired the 325-unit Channelside Apartments in Fort Myers for $65.2 million
COURTESY PHOTO — A California investment group has acquired the 325-unit Channelside Apartments in Fort Myers for $65.2 million
  • Commercial Real Estate
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A Cupertino, Calif.-based investment firm has acquired the Channelside Apartments in Fort Myers for $65.2 million, or 18.5% more than when the property last sold in April 2016.

Riverview Sunshine Investments LLC bought the 325-unit complex, from Aventura-based Meyers Group, according to Lee County property records and a notice from the seller.

 

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