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DeBartolo Development LLC has bought Eight Winds, a 280-unit upscale community in St. Augustine, Fla., from Altis Cardinal LLC. The property traded for $59 million or $198.37 per square foot, according to Yardi Matrix information. Goldman Sachs originated a $55 million acquisition loan on behalf of the buyer, the same data provider shows.

Eight Winds came online last year at 50 Wexford Way, within the St. John County submarket. Located near Interstate 95, the community is 29 miles south of Jacksonville.