Jay Ballard
A 263-unit apartment complex in Ocala sold for $35 million, or $133,000 per unit.
The 15-year-old property, Grand Reserve Apartment Homes, was 93.9 percent occupied when the sale closed.
Built in 2003, Grand Reserve Apartment Homes is a cluster of one- and two-story residential buildings.
Ken Delvillar
The average size of the Ocala property’s one-, two- and three-bedroom apartments is 1,031 square feet, and their average market rent is $1.03 per square foot.
Nashville-based Carter-Halston sold the apartment complex to a partnership of Houston-based ApexOne Investment Partners and The Collier Companies of Gainesville.
Jay Ballard and Ken Delvillar of Cushman & Wakefield’s Florida Multifamily Team represented the seller in the transaction. – Mike Seemuth