The Vestcor Companies sold the Holly Cove Apartments in Orange Park for $27.25 million, according to a deed filed Oct. 28 with the Clay County Clerk of Court.
Vestcor-WR Associates Ltd. sold the 202-unit property at 1745 Wells Road to SREIT Holly Cove Apartments LLC, which is led by Miami Beach-based Starwood Capital Group.
Vestcor is based in Jacksonville.
Holly Cove offers one-, two-, three- and four-bedroom floor plans. There are a pool, fitness center, playground, laundry room and clubhouse on the 33-acre property.
Units feature fully equipped kitchens, carpets, ceiling fans, washer and dryer connections, walk-in closets and outdoor storage units.
The apartments were built in 1996. About 162 units in the community are rent- and income-restricted.