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Beachwold Residential buys Spring Hill, Fla., community for $60M

Beachwold Residential LLC purchased the 453,040-square-foot Hibiscus Springs Rental Homes community in Spring Hill, Fla., for $60 million.

Real estate investment group Mercury Investment was the seller of the 470-unit property at 3454 Suncoast Villa Way.

Beachwold plans certain renovations at the property.