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Local Investment Firm Sells Apartment Complex in Jackson, Tennessee

SMG Property Management Pays $16.3 Million for Stonewater
The 120-unit Stonewater apartment complex in Jackson, Tennessee. Photo: CoStar
The 120-unit Stonewater apartment complex in Jackson, Tennessee. Photo: CoStar
By Joanna Pagar
CoStar Research
March 12, 2019 | 2:02 P.M.

Local investment firm Tursky Construction Company sold a 120-unit apartment complex in Jackson, Tennessee, to Bradenton, Florida-based SMG Property Management. Stonewater sold for $16.25 million, or about $135,000 per unit.

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