OCALA, FLORIDA (September 2015) – Cushman & Wakefield announced today that it has brokered the sale of Deerwood Village Apartment Homes, a 328-unit, garden-style, luxury multifamily community in Ocala, Florida.
Senior Director Jay Ballard and Director Ken Delvillar of Cushman & Wakefield’s Multifamily Advisory Group represented an affiliate of Brookfield Property Partners in the transaction. The buyer was Ocala FL Apartment Partners, LLC.
Deerwood Village was constructed in 2006 on a 40-acre site in Marion County at 1850 Southeast 18th Avenue. The community’s Big House design style features a low-density site plan (8.86 units per acre) and a more traditional residential feel.
Deerwood Village offers unique property features such as private front-porch style entrances, loft units, fireplaces, nine-foot and/or vaulted ceilings, attached garages, ceramic tile floors, oversized roman tubs, gooseneck kitchen faucets, electric fireplaces, and built-in microwaves. The community is located within three miles of both Munroe Regional Medical Center and Ocala Regional Medical Center, which employ more than 3,000 people.
“The Ocala multifamily market is incredibly strong at the moment,” said Ballard, referencing a market-wide occupancy rate approaching 97 percent. “And it continues to show strong occupancy and rental growth.”
Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facilities services (branded C&W Services), global occupier services, investment management (branded DTZ Investors), tenant representation, and valuations & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWwake on Twitter.