Argyle Real Estate Capital acquired a Jacksonville apartment complex from WRH Realty. Argyle obtained a $31.3 million Freddie Mac-backed loan with a 10-year term, floating rate and 7-year interest-only.

Matt Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler, and Hugo Hernandez of Berkadia Boca Raton and Miami lined up financing for the buyers. Berkadia’s Greg Rainey led the transaction on behalf of WRH Realty.

The 289-unit property was 96% occupied at the time of sale. 

Built in 2007 on a 19-acre site at 9455 103rd Street, Addison Landing is a garden-style multifamily community consisting of 34 two- and three-story buildings. The average unit size is 1,126 square feet. Select units offer private fenced yards and lake views. Community amenities include a swimming pool, sundeck, outdoor kitchen and poolside lounge and a clubhouse with fitness center.