Fort Myers apartment complex brings $122 million

The purchase of The Lennox Apartment Homes comes in far below recent per-unit prices.

  • By Louis Llovio
  • | 12:40 p.m. April 15, 2022
  • | 0 Free Articles Remaining!
STEFANIA PIFFERI: The purchase of The Lennox Apartment Homes comes in far below recent per-unit prices.
STEFANIA PIFFERI: The purchase of The Lennox Apartment Homes comes in far below recent per-unit prices.
  • Commercial Real Estate
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A Fort Myers apartment complex has sold for more than $120 million to a Dallas real estate investment firm that specializes in sales/leaseback transactions.

The sale was completed in March, with Cardinal Capital Partners paying $122.5 million for the 936-unit The Lennox Apartment Homes on Red Cedar Drive, according to Lee County property records.

 

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