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Columbia County apartment complex fetches $38 million, seeks investors

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A 200-unit apartment complex in Columbia County has been bought for more than $38 million on behalf of a Delaware-based trust that’s marketing the property to joint investors.

The property, Lakeside on Riverwatch apartments, is at 4300 River Watch Parkway in Martinez.

“The community was acquired on behalf of CS1031 Lakeside on Riverwatch Apartments, DST, which seeks to raise $26.8 million in equity from accredited investors and has a minimum investment requirement of $50,000,” according to Capital Square, the real-estate advisory firm that brokered the sale, in a Wednesday press release.

Financial terms of the transaction were not disclosed, but Columbia County property records show that CS1031 Lakeside bought the 19.2-acre piece of land Aug. 10 for $38.2 million.

Built in 2000 as Wedgewood Park, the apartment complex rebranded as Lakeside on Riverwatch in 2017.

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