Atlanta-based RangeWater Real Estate paid $8.52 million on April 12 for property to develop the proposed Olea eTown age-targeted apartment community for active adults.
RangeWater, through CRP/RW Olea South Jacksonville Owner L.L.C., bought the land from Eastland Timber LLC.
TD Bank of Greenville, South Carolina, issued a $37.4 million mortgage.
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