A garden-style apartment community on Monroe Road has been sold to a new owner for $29.5 million.
Legacy Matthews, located at 1701 Gander Cover Lane, totals 288 units. A company affiliated with Dasmen Residential bought it in a deal that closed Thursday, real estate records show.
Dasmen Residential purchased it from a company affiliated with Ohio-based Goldberg Cos., a real estate investment firm. The sale was a tidy profit for Goldberg, which bought Legacy Matthews for $17.4 million in 2007.
The sale price for Legacy Matthews, located on nearly 22 acres, works out to about $102,000 per apartment. The apartments, across the street from Family Dollar’s headquarters, were built in 1988.
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Jason Kon of ARA Newmark was the primary broker arranging the deal, while John Heimburger, Dean Smith, Sean Wood and John Munroe assisted.