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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.


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GMF Capital

About David Cohen

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.