Coventry Park Apartments in the Southpoint area has a new owner.
Cherishome Southside LLC on Friday acquired the 18-building, 360-unit complex at 6650 Corporate Center Parkway for $48.6 million from Epoch Southpoint Investment Partners Ltd.
Cherishome Southside is registered in Florida as a limited liability company in Orlando. Cherishome Living is based in Canada.
Cherishome borrowed $34.62 million for the purchase. The lender is Berkeley Point Capital LLC.
“It’s a well-located property in Jacksonville in that it is close to the Town Center and near an office park, however it also has swaying palms, beautiful landscaping and lush lawns,” said Chaya Starker, Cherishome Living vice president of operations for the United States.
“That’s what made Coventry Park an attractive property for us,” she said.
Coventry Park was built in 2009-10, property records show.
On Friday Starker said she already was in the process of renovating the model apartment, which will reflect planned changes within all 360 units including designer plank flooring and kitchen backsplashes, among others. The name will not be changed.
This isn’t Cherishome’s first apartment complex acquisition in Jacksonville. In 2016, it purchased the 432-unit Waterford at Mandarin at 11247 San Jose Blvd. for $45.85 million under the name of Cherishome Jacksonville LLC.
With a per-unit cost of $135,000 for Coventry Park, Cherishome paid $29,000 more than it did for Waterford at Mandarin.
Located just north of Butler Boulevard, Coventry Park’s amenities include clubhouse, pool, business center, multimedia theater room, fitness center, indoor basketball court, a lakeside fireplace, resort pool and more.