Miami firm buys Gainesville rentals for $9.5M

DB Capital Partners LLC got $7.68 million of financing to buy the 152-unit property

Miami /
Oct.October 15, 2017 03:00 PM

A Miami-based firm bought a 152-unit apartment building in Gainesville for $9.5 million or $62,500 per unit.

DB Capital Partners LLC bought Fox Hollow Apartments with $7.68 million of acquisition financing from Walker & Dunlop LLC. DB appointed Jacksonville-based Michaelson Group as the manager of the apartment property.

The new owner plans to upgrade the interiors of the one- and two-bedroom apartments at Fox Hollow by installing granite counter tops and stainless steel appliances. DB also plans improvements to exterior lighting, signage and landscaping and swimming-pool upgrades.

Fox Hollow is located at 7301 West University Avenue in Gainesville near Celebration Pointe, a multi-use development spanning more than one million square feet, with restaurants, entertainment venues, retail stores, office space and residential units.

DB is owned by Miami attorney and real estate investor Luis Delgado and George Befeler, founder and CEO of Befeler Group, a privately held real estate investment firm in Miami.


Related Articles

arrow_forward_ios
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Renderings of Venus with Erik Rutter and David Weitz (ImageFiction)
Carpe secures approval for North Miami Beach mixed-use apartment project
Carpe secures approval for North Miami Beach mixed-use apartment project
From left: Damien Barr and Ned Grace of NDT Development; Joe Furst of Place Projects; a rendering of the planned redevelopment of the Nora District in downtown West Palm Beach (ArquitectonicaGEO, Place Projects, NDT Development)
West Palm developers secure capital partner for Nora District projects
West Palm developers secure capital partner for Nora District projects
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...