Oxford Properties & Preferred Apartment Communities Inc. Acquire $135.7M Multifamily Properties In Jacksonville & Winter Springs

Oxford Properties and Preferred Apartment Communities Inc. have acquired a multifamily property located at 11390 Square Street and 151 Michael Blake Boulevard. The sale, facilitated by Catalyst Development Partners, took place on December 15, 2020. The property, consisting of 613 units, was sold for a total price of $135,700,000, resulting in a per unit price of $221,370. The transaction involved the brokers Erik Bjornson and Tyler Nilsson from Newmark.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $135,700,000
• Units: 613
• Price Per Unit: $221,370
• Market: Jacksonville & Winter Springs

Erik Bjornson and Tyler Nilsson from Newmark represented the buyer and seller, respectively, in this transaction.