Axonic Properties has sold Wild Pines, a 200-unit, garden-style community in Naples, Fla., for $25.3 million. Franklin Street represented both the seller and the buyer, GMF Capital.
Built in phases between the 1960s and the 1990s, Wild Pines comprises one-bedroom units averaging 600 square feet. Of the community’s 200 units, 104 are rent/income-restricted apartments. Common-area amenities include a business center, gym, laundry facilities, two swimming pools and several picnic areas. The property also has 200 parking spaces.