The new owner plans to invest $4.3 million in interior and exterior renovations at the 332-unit property. : Savlan Capital has acquired Charter Landing, a 332-unit value-add community in Jacksonville, Fla. LN Development Group sold the Class B asset for $28 million, or $84,337 per unit. Newmark Knight Frank represented both parties in the off-market transaction. According to Yardi Matrix data, the property last traded in 2014 for $12.9 million. Situated at 5885 Edenfield Road in the Arlington submarket, Charter Landing is on the shores of St. Johns River, close to Interstate 295.