December 21, 2020
American Landmark Apartments has acquired Deerwood Park, a 282-unit multifamily community in Jacksonville. The sales price and seller was not disclosed.
The property will be renamed Eddison at Deerwood Park and will undergo $2.6 million in capital improvements. This is the firm’s fourth Jacksonville-area apartment community in their current portfolio. Built in 2001, the community is located at 4435 Touchton Road and consists of a mix of one-, two- and three-bedroom units. Amenities include a fitness center, playground, volleyball court, swimming pool, clubhouse, multi-use room and conference room.
“Jacksonville has shown consistency in leveraging its multiple industries such as e-commerce and financial technology, creating jobs that attract a talented workforce and new residents to the city,” said Christine DeFilippis, CIO at American Landmark. “With Amazon announcing its ninth confirmed facility and manufacturers like S2A Modular investing in a new facility, Jacksonville retains a job-friendly climate that is expected to grow along with its population.”
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Tags: Apartments & Multifamily