The two-year-old Bridgewater at Lake Osborne apartment complex near Lantana sold for $24 million, according to a statement from the sellers.

Bridgewater Lake Osborne LLC, a partnership between Jupiter-based Index Investment Group and Palm Beach Gardens-based Eastwind Development, sold the 108-unit complex for BLO Investors, managed by Jared Brunnabend in Miami. It’s located at 2282 Lantana Road and has plenty of lake frontage.

The Bridgewater at Lake Osborne apartments sold for $24 million.

The price equates to $222,222 per unit. The deal was financed for $17.5 million by the Atlanta office of the PrivateBank.

The 193,812 square feet of garden-style apartments and townhouses with garages were built on the 9.6-acre site in 2014. The community includes a pool, a boat ramp, and a playground. Rent starts at $1,579.

Article Written by: Brian Bandell  HERE