Eci Group Expands Southwest Florida Portfolio

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Mosaic Development sold a 10-building gated community in Bonita Springs for $66.5 million. : ECI Group has acquired Mosaic at Oak Creek Apartments, a 237-unit community in Bonita Springs, Fla. Mosaic Development sold the 2020-built property for $66.5 million, according to Yardi Matrix data. Newmark assisted the buyer in securing a $44.5 million acquisition loan with CrossHarbor Capital Partners. Mosaic at Oak Creek Apartments is a gated community located at 10655 Founders Way. The property consists of 10 two- and three-story buildings encompassing 7,354 square feet of ground-floor retail space.

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