The 312-unit Exchange at St. Augustine apartments sold Nov. 7 for $57.66 million.
The community is at 250 Moultrie Landing Blvd. in St. Augustine off Old Moutrie Road near the Publix-anchored Cobblestone Village at St. Augustine shopping center.
The buyer was Atlanta-based TriBridge Residential through AP TBR St. Augustine LLC. TriBridge says it acquires, invests, develops and manages multifamily properties throughout the Southeastern U.S.
The seller was Atlanta-based Varden Capital Properties through VCP St Augustine LLC and VCP St. Augustine II LLC. The per-unit sales price was $184,807.
TriBridge is developing the One Riverside community in the Brooklyn area of Downtown Jacksonville. Other area properties include The Jaxson and Riverside St. Johns in Jacksonville and BluWater in Jacksonville Beach.
Built in 2023, Exchange at St. Augustine comprises 12 three-story apartment buildings and a clubhouse on 39.89 acres.
The community offers one-, two- and three-bedroom units from 754 to 1,311 square feet.
Monthly rents are $1,574 to $2,745, according to Apartments.com.
Amenities include a clubhouse, resort-style pool, fitness center, game room and lounge, theater room, yoga room, car wash station, community garden, walking trails and co-work space.