David Kelsey & Matthew A. Sharp Acquire 268-Unit Multifamily Retreat At 42nd In Ocala For $50.15M

The property asset involved in this transaction is a 268-unit multifamily apartment complex known as the Retreat at 42nd, located at 3491 Southwest 42nd Street in Ocala, Florida. The complex spans 23.5 acres and was built in 2023. It was sold for $50,150,000, equating to a price per unit of $187,127, with a current occupancy rate of 75% and featuring upscale amenities across 16 buildings.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,150,000
• Address: 3491 Southwest 42nd Street
• Market: Ocala
• Units: 268
• Price Per Unit: $187,127
• Buyer: David Kelsey & Matthew A. Sharp - Hamilton Point Investments
• Seller: Steven W. Corbett - SCorUSA
• Broker: Berkadia

David Kelsey and Matthew A. Sharp, representing Hamilton Point Investments, acquired the property from Steven W. Corbett of SCorUSA, with the transaction facilitated by Berkadia. The acquisition adds to Hamilton Point Investments' portfolio targeting multifamily properties in growing markets.