GoldOller Re buys 904-unit Jacksonville, FL resi property

GoldOller Re buys 904-unit Jacksonville, FL resi property

Published at: 2017-12-01 15:53 | Author: CIJ USA
The Villages of Baymeadows, a 904-unit rental community in Jacksonville Florida, has been acquired by GoldOller Real Estate Investments in a $111 million deal. Located in the Southside/Baymeadows area at 7915 Baymeadows Cir E, the units are spread among 135 buildings on a 106 acre site. Built between 1969 and 1983, the property offers a redecorated clubhouse, nine swimming pools, three sand volleyball courts, multiple fire pits and putting green. Walker & Dunlop brokered the sale on behalf of the seller, an affiliate of Harbor Group International. With the addition of the Villages of Baymeadows, GoldOller has expanded its holdings in the Jacksonville area to 5 properties containing 2,562 units.

"We couldn't be more enthused about the Villages of Baymeadows and our increased presence in the Jacksonville area," said Richard Oller, Chairman and Co-Founder of GoldOller. "Our other 12 communities in North and Central Florida have all outperformed our expectation and we are confident that the Villages of Baymeadows will as well. This is a remarkable, large scale, resort style community. GoldOller will invest substantial capital for both exterior and interior property enhancements, modernizing all aspects of the community."

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