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Florida & Gulf Coast  + South Florida  + Apartments  |  October 8, 2019
David Cohen
By: David Cohen

Bella Luna Investments Snags Cape Coral MF Community for $35M

Bella Luna Investments has acquired Coralina, a 186-unit multifamily community in Cape Coral for $35 million.

Located at 3305 Grant Cove Circle, the community offers a relaxed beach-resort lifestyle and features espresso cabinetry, under-mount sinks with brushed nickel goose neck faucets, black Whirlpool brand appliances, faux wood plank flooring, nine-foot ceilings, and full-size washer and dryer in every unit. Amenities include a resident clubhouse, resort-style heated swimming pool, an expansive brick-paver sun deck with poolside summer kitchen and outdoor fire pit, a 24-hour fitness center and yoga room.

Jamie May of JBM Institutional Multifamily Advisors represented the seller, Phoenix Bay Ventures, in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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