ApexOne Investment Partners has sold Grand Reserve Apartment Homes, a 263-unit, two-story, value-add multi-housing community in Ocala, Fla.
JLL Capital Markets closed the $70.6 million sale and arranged the debt and equity financing totaling $65 million for Grand Reserve Apartment Homes.
The new owner is JT Capital.
Built in 2003, the 19-builidng Grand Reserve Apartment Homes feature one-, two- and three-bedroom units with an average size of 1,072 square feet. Renovated units feature walk-in closets, full-size washers and dryers, breakfast bars, granite countertops, screened patios/balconies and stainless steel appliances. Community amenities include a resort-inspired pool and sundeck, a screened poolside gazebo with a TV lounge, a fire pit, a 24-hour fitness center, a business center, a children’s playground and direct access garages.
Located at 3001 SW 24th Ave., Grand Reserve allows access to NW 27th Avenue as well as Interstate 75 for easy connecti
