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Harbor Group & Benedict Realty Group acquire Florida apartment communities

BRG’s Daniel Benedict & Harbor’s Jordan Slone | Nova Wood (Credit: Apartment Finder)

Harbor Group International and Benedict Realty Group have acquired a portfolio of Florida apartment communities from Stoneweg for $94.25 million. The portfolio consists of ten properties, totaling 1,209 units in the Orlando, Jacksonville, Daytona Beach, and Pensacola markets.

  • Portfolio breakdown: The transaction includes the following properties: Branchwood (Winter Park);  Wingwood (Orlando); Oak Shade (Orange City); Applewood (DeLand); Pelican Pointe  (Jacksonville); Stonewood (Jacksonville); Kings Crossing (Jacksonville); Nova Glen  (Daytona Beach); Nova Wood (Daytona Beach); and Broadview Oaks (Pensacola).  
  • Heard on the Street: Benedict Realty Group’s Danny Benedict: “We are excited to significantly  expand our multifamily holdings outside of NYC to continue purchasing multifamily  properties in Florida, together with the talented team at Harbor Group International.” 
  • Brokers: Newmark Group’s Senior Managing Director Ryan Moody and Directors John Rutherford and  Andrew Visnick represented the seller in the disposition.  

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