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Florida & Gulf Coast  + Central Florida  + Apartments  | 
Lerner Enterprises has purchased Lerner Park at Gatlin Commons Apartments in Port Saint Lucie, FL for $65 million.

Nationals’ Principal Owner Buys $65M Multifam in NY Mets’ Spring Stomping Grounds

Rockville, MD-based Lerner Enterprises — which is owned by Mark Lerner, principal owner of Major League Baseball’s Washington Nationals — has purchased a 200-unit multifamily in Port Saint Lucie, FL for $65 million ($325,000 per unit at a 4% cap rate).

Rosewood Realty Group Aaron Jungreis of Rosewood Realty Group represented both the buyer and the seller, Miami, FL-based JSB Capital.

Lerner Parc at Gatlin Commons encompasses six, three-story buildings on 14.37 acres at 1900 Aledo Lane in the Newport Isle neighborhood. The pet friendly, elevator complex features a pool, fitness center, pet play area and basketball court for monthly rents range from $1,800 to $2,970.

Sources did not indicate whether any NY Mets players were springtime residents of Lerner Park at Gatlin Commons.

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About Lisa McDuffie

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.

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