The villages of the Oakleaf plantation include three communities totaling 512 units. | Jax Daily Record | Jacksonville Daily Record

The Oakleaf Plantation Villages in Orange Park were sold for $ 118 million on December 15.

The sale includes three apartment communities – Oakleaf Plantation Villages, Millstone Village and Gemstone Apartments.

The apartments were built in phases from 2009 to 2017.

LeClair Management Inc. of Fort Lauderdale sold the properties to Venterra Realty Inc. of Richmond Hill in Ontario, Canada.

The communities total 512 units with a unit selling price of $ 230,469.

This is the largest single-asset sale for a multi-family community since the 1,112 homes on Paradise Island in Jacksonville sold for $ 120 million in February 2017, according to a press release from Colliers International.

The sale includes 11 rental properties on 28 acres at 573 Oakleaf Plantation Parkway and 4190 Plantation Oaks Blvd.

Units are one to four bedrooms with an average area of ​​1,497 square feet.

All three communities were 94% occupied at the time of the sale.

Shared amenities include a clubhouse, fitness center, playground, basketball and tennis courts, cabana, spa, two swimming pools, and walking and biking trails.

Bradley Coe and Mathew McCarthy of Colliers International negotiated the sale.

Venterra owns 49 apartment communities of 14,554 apartments with a total value of more than $ 2 billion in 14 U.S. markets, Coe said in the statement.

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