Search

Read Full Article: Click Here

The Monroe Apartments is a multifamily property located at 2677 Old Bainbridge Road in Tallahassee. The asset comprises 288 units and was sold for $47,500,000, resulting in a price per unit of $164,931. The property had undergone repositioning since its acquisition in 2019, achieving an occupancy rate of 95% at the time of sale with average rents increasing from $1,133 to $1,642.