A 361-unit property in South Jacksonville sold for $69.6 million, nominally more than the seller paid for it. The Mirage on Kernan at 3601 S. Kernan Blvd. sold for $192,847 per unit. Element Property Company sold the property to Bridge Investment Group. The property last sold for $68 million in May 2022.

The multifamily asset, consisting of 26 three-story buildings, was built in 1996 on 33.9 acres. It offers two-, three- and four-bedroom apartments with two to four bathrooms, ranging from 787 to 1,320 square feet. Rents are between $1,372 and $2,373 per month.

On-site amenities include a dog park and dog wash station, outdoor kitchens, two pools, pickleball and bocce ball courts, package service, fitness center and more.

Bridge Investment Group’s website states, “We embed ourselves in our properties from the moment we acquire them, overseeing capital investment, leasing, operations, maintenance, and capital structure, as well as the enhancement of amenities and resident services.”