JACKSONVILLE, FL—Olympus Property of SanFrancisco is has acquired the Stovall andMirador at River City apartment propertieshere.

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The two garden-style communities each feature 276 units. Nofinancial terms of the transaction were released. CBRE Jacksonville brokersBrian Moulder and Dhaval Patelrepresented the seller in the transaction.

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Mirador at River City is situated on over 17 acres. Built in2007, it offers a clubhouse, spa, swimming pool with outdoorgrilling, 24-hour fitness center, business center, billiard room,tennis court, basketball court, bark park, playground, and detachedand attached garages. Stovall at River City is the first propertyto be added to Olympus Property's fourth fund, WW OlympusProperty IV, LLC.

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Olympus' co-founder Chandler Wonderly saysof the firm's latest acquisitions, "Stovall and Mirador are perfectrepresentations of Olympus Property's long term vision: purchasequality assets at attractive valuations in strong growth markets.We are thrilled to be adding these two communities to the Olympusfamily."

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Olympus Property has a multifamily portfolio of approximately8,000 units across in California, Georgia, Florida, Texas,Oklahoma, Arizona, South Carolina, and Tennessee.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.