Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast  + Central Florida  + Apartments  | 
JT Capital has purchased Grand Reserve Apartment Homes in Ocala, FL for $70.6 million.

JT Capital Canters Away with $71M Multifamily in Central Florida’s Horse Country

JLL has closed the $70.6 million sale and arranged the debt and equity financing totaling $65 million for Grand Reserve Apartment Homes, a 263-unit, two-story, value-add multi-housing community in Ocala, FL.

Ken Delvillar of JLL represented the seller, ApexOne Investment Partners. Melissa Marcolini Quinn and Lee Weaver also of JRR secured debt financing with a life insurance company and arranged the institutional equity for the acquisition on behalf of the buyer, JT Capital.

 The 2003-constructed 19-building Grand Reserve Apartment Homes features one-, two- and three-bedroom units with an average size of 1,072 square feet. Community amenities include a pool and sundeck, screened poolside gazebo with a TV lounge, a fire pit, 24-hour fitness center, business center, children’s playground and direct access garages.

The property is less than four miles from Historic Downtown Ocala, which includes multiple boutiques, sidewalk cafes and restaurants, the Downtown Farmer’s Market and a vibrant art scene.

Connect

Inside The Story

JLL

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing
TaylorStreet-03-Cube
Chase-19-cube
TheGuarantors-01-cube