A New York City-based developer and investor paid $49.55 million for the 260-unit Registry at Windsor Parke apartments in a sale that closed Dec. 18.
BW Registry LLC, an affiliate of Beachwold Residential, paid $190,577 per unit. It secured a $35.39 million mortgage from Walker & Dunlop LLC.
The project was built in 1999 at 13401 Sutton Park Drive S. in South Jacksonville.
The seller, Atlanta-based PRG/Registry JAX LP, bought the community in 2013 for $33.28 million.
The Registry at Windsor Parke comprises 84 one-bedroom, 144 two-bedroom and 32 three-bedroom units ranging from 961 square feet to 1,619 square feet.
Rents range from $1,100 to $1,312, with an average of $1.04 per-square-foot.
Community amenities include a clubhouse, a 24-hour private health club, business center, lighted tennis court, pool, business center, car care center and garages.
Beachwold.com says it controls 57 properties, primarily in the Eastern and Central U.S., with more than 15,000 multifamily units.
Beachwold has seven other properties in the Jacksonville area.