JACKSONVILLE, Fla. – Berkadia recently completed the sale of Deer Meadow, an affordable housing property located in Jacksonville. Managing Director Cole Whitaker of the Orlando office, Associate Director Greg Rainey of the Jacksonville office and Senior Director Jason Stanton of the Tampa office handled negotiations for the $13.1 million sale.
The seller was Deer Meadow Associates, Ltd., of Rockville, Maryland, and the buyer was Aspen Square Management, Inc. of Springfield, Massachusetts.
Built in 2000, the 200-unit property includes one-, two- and three-bedroom floor plans equipped with walk-in laundry rooms, bonus rooms, solariums and kitchen appliances. Community amenities include lake views, a fitness center, a clubhouse and a swimming and wading pool.
Deer Meadow is located at 8859 Old Kings Rd. S., just one mile from Interstate 95 and within 12 miles of downtown Jacksonville. Top employers in the area include Jacksonville Naval Air Station, St. Vincent’s Medical Center Southside and Florida Blue, Florida’s Blue Cross and Blue Shield company.
To learn more about Berkadia, please visit www.berkadia.com.
For more information, media contacts:
Laura Coletti, Bliss Integrated Communication on behalf of Berkadia Real Estate Advisors LLC 212-600-2579 firstname.lastname@example.org
Greg Rainey, Associate Director, Berkadia, 904-513-9347 email@example.com
Cole Whitaker, Managing Director, Berkadia 407-481-2126 firstname.lastname@example.org
Beth Payan, Larry Vershel Communications 407-644-4142 email@example.com
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.