Marcus & Millichap has arranged the $11.5 million sale of Oak Haven Apartments, a 160-unit, Section 42 LIHTC apartment property located in Immokalee, FL.
Oak Haven Apartments is located at 580 Oakhaven Cir in Immokalee. The community was built in 1993 of concrete block and contains all two- and three-bedroom floorplans. At the time of sale, approximately three years remained on the Extended Low-Income Housing Agreement (ELIHA).
Adam Podbelski, Ned Roberts, Jason Hague and Sam Ferguson of Marcus & Millichap’s Tampa office represented the seller, a limited liability company, in the transaction. The buyer, a limited liability company, was also represented by Podbelski, Roberts, Hague and Ferguson.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!