Dominium Pays $49M for 320-Unit Affordable Multifam in Fort Myers
Marcus & Millichap has completed the $49-million sale of The Brittany, a 320-unit, affordable low-income housing asset located in Fort Myers, FL.
Evan Kristol of Marcus & Millichap represented the seller, a private investment group, and procured the buyer, Dominium Acquisition, LLC.
“The Brittany is one of only a handful of long-term affordable housing communities in Fort Myers,” said Kristol. The new owner will continue to operate the property as affordable housing while benefiting from the rapidly growing Lee County market.”
The 26 two-story buildings and one-story clubhouse — built in two phases in 1999 and 2000 — the are situated on a 23.86-acre site on Winkler Avenue. The Brittany features large floor plans from 771 to 1,444 rentable square feet, a gated swimming pool with large sundeck and cabana, business center, fitness center, two playgrounds, basketball courts, a carwash and community van.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.