Wednesday, September 21, 2016

Berkadia Closes $13.1 Million Sale of Deer Meadow Apartments in Jacksonville, FL

Deer Meadow Apartments, 8859 Old Kings Road South, Jacksonville, FL

Cole Whitaker
JACKSONVILLE, FL – 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.

For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications 407-644-4142

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