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JMG Realty buys Jacksonville, Fla., apartment complex

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JMG Realty buys Jacksonville, Fla., apartment complex

An affiliate of JMG Realty Inc. bought the Florida Club at Deerwood apartment complex in Jacksonville, Fla., for $32.5 million, the Jacksonville Business Journal reported.

The property at 4813 Florida Club Circle last traded for $24.7 million in 2015, according to the publication.