Ocala FL Apartment Partners Takes Advantage of Strong Market

The company makes an acquisition in an area with a 97-percent occupancy rate.

Ocala, Fla.—Ocala FL Apartment Partners LLC has acquired Deerwood Village Apartment Homes, a 328-unit, garden-style, luxury multifamily community in Ocala, Fla., from an affiliate of Brookfield Property Partners.

Cushman & Wakefield brokered the sale on behalf of the seller.

“The Ocala multifamily market is incredibly strong at the moment,” Jay Ballard, Cushman & Wakefield’s senior director, told MHN, citing a market-wide occupancy rate approaching 97 percent. “And it continues to show strong occupancy and rental growth.”

Originally constructed in 2006, Deerwood Village is situated on a 40-acre site in Marion County at 1850 Southeast 18th Ave. The community’s Big House design style features a low-density site plan (8.86 units per acre) and a more traditional residential feel.

Deerwood Village consists of features such as private front-porch style entrances, loft units, fireplaces, 9-foot and/or vaulted ceilings, attached garages, ceramic tile floors, oversized roman tubs, gooseneck kitchen faucets, electric fireplaces and built-in microwaves.

Community amenities include a resort-style pool, a private trail by the water and a dog park.

The community is located within three miles of both Munroe Regional Medical Center and Ocala Regional Medical Center, which employ more than 3,000 people.