Newmark Arranges Sale of 316-Unit MF Property in West Melbourne
Newmark has arranged the sale of The Oasis at West Melbourne, a newly built 316-unit multifamily property in West Melbourne, FL. The sales price was not disclosed.
The Oasis at West Melbourne is a low-density, three-story luxury garden community. The property has a mix of modern floor plans featuring one-, two- and three-bedroom units with smart home technology. The property also features a zero-entry saltwater pool, an outdoor summer kitchen, a 24/7 ultra-modern fitness center, game room, business center and outdoor enclosed lanai gathering area.
Scott Ramey, Patrick Dufour and Brad Downing of Newmark represented the seller, a joint partnership between Picerne Real Estate Group and Equity Resources LLC, in the transaction. The buyer was GMF Capital LLC.