The Riverwalk Apartments sold February 12, 2019 for $6,025,000
Seller: VICTORIA RIVERWALK LLC
c/o DAVID BERNSTEIN
10800 BISCAYNE BLVD STE 735
MIAMI FL 33161
Buyer: PEDCOR HOUSING CORPORATION
770 3RD AVE. SW
CARMEL, IN 46032
The Riverwalk is an apartment community overlooking the Caloosahatchee River in the Downtown Fort Myers River District. The apartment community was built in 1963 and has 2 stories with 52 units. The Property Received a Major $1.2 Million Rehab in 2011 Which Included Upgrades to All Units, Exteriors, Common Areas, Landscaping and Amenities
Physical address: 2515 FIRST ST. FORT MYERS, FL 33901
According to the Pedcor Companies website:
The buyer, Pedcor Companies, develops constructs, and manages market rate and affordable housing communities throughout the Midwest and western United States. The company was founded in 1987 when principals Gerald Pedigo and Bruce Cordingley developed the first affordable rental housing community in central Indiana. To date, Pedcor has developed in excess of 16,000 apartment units across Indiana, Ohio, Michigan, California, Illinois, Kentucky, Missouri, Nebraska, Tennessee, Alabama, Virginia, Iowa, South Carolina, Colorado, Texas, Oregon, and North Carolina. The Pedcor family of companies include Pedcor Investments, Signature Construction, Pedcor Management, Pedcor Homes, Pedcor Bancorp, Pedcor Financial, LLC, and Pedcor City Center Development Company.
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