13 May, 2013 – Courtney Station in Pooler, GA Sells

May 13, 2013

“ContraVest Sells Courtney Station Apartments in Pooler, Georgia”

Courtney Station Sells

ContraVest Development Partners of Altamonte Springs, Florida is pleased to announce the sale of their Courtney Station Apartment community, located in Pooler, Georgia. Their 300 unit apartment community sold on April 29, 2013 for $35,250,000 or $117,500 per unit, which is a record selling price per unit for that sub-market. The purchaser was a private investment group.ContraVest currently owns other apartment communities in Florida, North Carolina and South Carolina, and is under construction on two new developments in Charlotte, NC and St. Petersburg, FL. In addition, they expect to break ground on two Central Florida multi-family projects in the 3rd quarter of 2013.

Contact:  John Schaffer | 407-333-0066