Downtown Ft. Myers "Riverwalk Apartments" sells for $6,025,000

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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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