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Joint Venture Picks Up 100-Unit Atlantic Beach Apartment Complex for $11.3 Million

Avesta Communities Sells Garden-Style Seaside Apartments
Seaside Apartments was built in 1972. Photo: Resprop Management
Seaside Apartments was built in 1972. Photo: Resprop Management
By Carlos Likins
CoStar News
April 2, 2019 | 9:03 P.M.

A joint venture between Navarino Property Group and Mayfair Investment Properties bought a 100-unit multifamily community in Atlantic Beach, Florida, dubbed Seaside Apartments, for $11.25 million, or about $113,000 per unit.

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