The Deerwood Park Apartments sold Dec. 17 for $50.5 million to American Landmark Apartments.
The 282-unit community at 4435 Touchton Road was built in 2002. American Landmark is rebranding the community to Eddison at Deerwood Park.
Walker & Dunlop multifamily specialists Brian Moulder, Bobby Gatling and Dhaval Patel represented the seller, Miami-based Lloyd Jones Capital.
The community offers one-, two- and three-bedroom units renting from $1,158 to $1,633 a month.
Amenities include a swimming pool, fitness room, co-working space, volleyball court, complimentary coffee bar, dog park and playground.
Units include open floor plans, granite or quartz countertops, stainless steel appliances, wood-style flooring, balconies and patios and in-unit washers and dryers.
Bainbridge Companies purchased about half of a 112-acre parcel south of The Avenues mall for $8.45 million Dec. 15 and intends to develop the 372-unit Bainbridge Avenues Walk apartment community.
Avenues Walk is across Philips Highway from The Avenues mall, and is adjacent to northbound lanes of Interstate 95.
The sale of the other half of the property will close in January, said Walker & Dunlop multifamily specialist Bobby Gatling.
Gatling, Brian Moulder and Dhaval Patel, multifamily specialists with Walker & Dunlop, represented the seller, Kimco Realty, in the transaction.
Construction is expected to begin in January. The property is entitled for up to 1,050 multifamily units.
A Utah-based capital group purchased an Orange Park apartment complex for $53 million Dec 10, marking yet another end-of-the-year multifamily transaction on the First Coast bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Walker & Dunlop announced Dec. 14 it brokered the $53 million sale of the 358-unit The Parkland at Orange Park apartments.
Palm Beach-based American Landmark Apartments sold the 1863 Wells Road community to Provo, Utah-based Peak Capital Partners.
The sale closed Dec. 10, but the deed had not been filed with the Clay County Clerk of Courts as of 10:30 a.m. Dec. 14.
Walker & Dunlop multifamily sector specialists Brian Moulder, Dhaval Patel and Bobby Gatling brokered the sale. Taylor Williams, Walker & Dunlop managing director for debt and capital markets, handled the financing.
Built in 1987, The Parkland offers one-, two- and three-bedroom units at rents from $950 to $1,370 a month.
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