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FORT MYERS, FL-The Benchmark Group of Amherst, NY paid $90,319 per unit to American Properties of New Jersey for the 408-unit property, built in 2001. The property probably could have fetched $40 million, according to Jamie May, chairman and CEO of Naples-based JBM Realty Advisors.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
July 02, 2025
Uncertainty grows as prices and sales volumes retreat.
July 02, 2025
Metro-level nuances reveal opportunities that might not be obvious based on national trends.
July 02, 2025
Vacancy is set to tick up 10 basis points this year but remain 110 basis points below the national average.
