San Francisco-based private investor Friedkin Realty Group has acquired the Avalon Pines apartment complex in Coram, N.Y. for $140 million. The sale also included the adjacent Pine Ridge Golf Club, which includes 18 holes, clubhouse, golf shop and the Grill at Pine Ridge Golf Club restaurant. Rebranded as the Point at Pine Ridge, the 450 unit property changed hands for just over $311,100 per unit. The Suffolk County, Long Island asset includes both garden-style apartments and townhomes, offering one and two bedroom units. Friedkin plans enhancements to the property, including renovations to apartment interiors and other amenities.
