Cypress Pointe, Landmark Ridge apartments sold

Two Jacksonville apartment complexes with a combined 544 units have been sold in recent weeks.

The 350-unit Landmark at Crescent Ridge, located at 2001 Hodges Boulevard, was sold for $41 million dollars by Landmark at Crescent Ridge LP to Utah-based Peak Capital Partners. One- to three- bedroom apartments ranging from about $900 to $1,600 are leased at the property.

Cypress Pointe, which has 194 units and is located in Orange Park at 25 Knight Boxx Road, was sold for $29 million by Illinois-based…

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