Commercial Real Estate Direct Staff Report PRG Real Estate has paid $84.25 million, or $280,833/unit, for the 300-unit Loree Apartments in Jacksonville, Fla., marking its first investment in the market. The Philadelphia investment manager owns 43 apartment properties in Kentucky, the Carolinas, Missouri, Virginia and Florida, where it owns two, in Orlando and Boynton Beach. […]

The post PRG Pays $84.25Mln for Jacksonville, Fla., Apartments; Gets $48.11Mln Freddie Mac Loan appeared first on Commercial Real Estate Direct.