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Miami-based firm uses Freddie Mac loan to buy Fort Myers rentals for $55M

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Miami-based firm uses Freddie Mac loan to buy Fort Myers rentals for $55M August 27, 2018 Judit Miltz The Fountains at Forestwood apartment complex in Fort Myers (Credit: ApartmentList.com)

Monmouth real estate investment corporation bought a new 213,672-square-foot industrial building located in Fort Myers for $21 million, or about $98 per square foot. fedex ground packaging System, Inc.

Lloyd Jones got the fixed-rate, 10-year loan though Freddie Mac’s “Green Up” program, which requires borrowers to commit to such property-improvement initiatives as a reduction in water consumption.

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