American Landmark Acquires Wimberly At Deerwood Apartments In Jacksonville For $64.54M

The Wimberly at Deerwood apartments in Jacksonville, Florida have been sold for $64.54 million. The buyer, American Landmark, plans to rename the 322-unit community as The Drake at Deerwood and undertake substantial renovations to align with the city's rapid growth.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $64,540,000
• Units: 322
• Price Per Unit: $200,435
• Buyer: American Landmark - Christine DeFilippis
• Seller: Olympus Property

American Landmark, an experienced real estate company based in Tampa, Florida, has acquired the Wimberly at Deerwood apartments in Jacksonville. The transaction was facilitated by Christine DeFilippis, the representative of American Landmark. The seller, Olympus Property, agreed to the sale of the multifamily property. The purchase price of $64.54 million reflects the value of the 322-unit community. American Landmark's plans to renovate the property demonstrate their commitment to adapting to and taking advantage of Jacksonville's rapid growth.