Index Sells Bridgewater Apartment Community for $24M
Index Investment Group Sells Bridgewater Apartment Community for $24M
JUPITER, Fla. (March 30, 2016) – Bridgewater Lake Osborne, LLC, owned by Index Investment Group and Eastwind Development, announces the sale of Bridgewater at Lake Osborne apartment community in Lantana, Fla. The luxury multi-family rental community located in central Palm Beach County was purchased for $24 million by BLO Investors, LLC.
Index Investment Group and Eastwind Development acquired the land in July 2012 and built the 108-unit rental development on a 9.6 acre site along the scenic Lake Osborne. Completed in May 2014, Bridgewater contains townhouses and garden apartments featuring upscale amenities. The community also boasts a boat ramp, resort-style pool, sunset pavilion and children’s playground. The community includes two- and three-bedroom units with rents starting at $1,579.
Index Investment Group has made significant investments in the Florida multi-family rental market creating the smart choice for residents looking for luxurious properties in attractive locations. The Jupiter-based real estate investment company has developed eight rental communities from Central Florida to The Keys in partnership with Eastwind Development. Index is also co-developing three new senior living facilities throughout Florida in partnership with Watercrest Senior Living, and will be expanding their portfolio with a new resort and golf club in Marathon, FL.