Apartment community sold for $49.7 million

Cushman & Wakefield facilitates sale of Mosaic at the Forum in Fort Myers to private investment group.

  • By Business Observer Staff
  • | 5:30 a.m. November 12, 2018
  • | 0 Free Articles Remaining!
Moasic at the Forum in Fort Myers was sold to a private investment company for an average price of $197,321 per unit.
Moasic at the Forum in Fort Myers was sold to a private investment company for an average price of $197,321 per unit.
  • Charlotte–Lee–Collier
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FORT MYERS — Mosaic at the Forum, a 252-unit apartment community built in 2017, has been acquired by an entity led by InvestRes, a privately held real estate investment company with multifamily assets throughout Florida and several states. InvestRes paid $49.7 million for the property, or $197,321 per unit, according to a statement. 

InvestRes has a Florida headquarters in Tampa.

 

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