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JBM Orchestrates Sale of 324-Unit Spectra Complex in Fort Myers

A 324-unit garden-style community in Fort Myers has changed hands, marking another high-profile exit for the institutional-grade asset. Built in 2017, the Spectra property sits along the US-41 corridor, serving a demographic where average household incomes exceed $116,000 within a one-mile radius of the site.

JBM Orchestrates Sale of 324-Unit Spectra Complex in Fort Myers
Photo: Bio & News

The complex features a mix of one, two, and three-bedroom floor plans averaging 993 square feet. Interiors include granite countertops, GE stainless steel appliances, and wood-style flooring, while the grounds offer amenities ranging from a six-acre recreation park to a heated, zero-entry resort-style pool. Its strategic location near the Gulf Coast Medical Center and Florida Gulf Coast University positions the asset within a region recently identified by U.S. News as the fastest-growing area in the United States.

JBM Institutional Multifamily Advisors managed the transaction. The brokerage firm maintains a dominant position in the sector, holding the top national ranking for average sold price per transaction for five consecutive years according to Green Street. With a career volume exceeding $20 billion, JBM continues to facilitate large-scale multifamily movements across the Florida market.

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