Greystar Executes Global Expansion with Acquisition of Spain’s Largest Student Housing Provider

MADRID – Greystar Real Estate Partners, a global leader in the investment, development, and management of rental housing properties, closed, through a joint venture partnership, on the acquisition of Resa, the largest student accommodation provider in Spain. The JV includes AXA Investment Managers – Real Assets and CBRE Global Investment Partners (GIP), both acting on behalf of clients, who have acquired the substantial majority holding in the portfolio in equal sized shares, while Greystar has bought the remaining balance and will act as property, development and asset manager for the portfolio. The deal is the largest investment transaction in student housing on the Iberian Peninsula.

The previously announced JV partnership marks Greystar’s first investment in Spain and will serve as a platform to build a diversified rental housing business and portfolio with backing from global institutional capital.

“The Resa portfolio is undoubtedly Spain’s premier student accommodation provider and will provide Greystar with a significant presence in the prime markets of Madrid and Barcelona on which to build out a diversified Spanish rental housing platform,” said Wes Fuller, Executive Managing Director of Greystar’s Investment Management business. “We are excited by the tremendous opportunity in the country, and look forward to bringing Greystar’s proven business model and institutional capital to the Spanish market for the long term.”

Resa is Spain’s market leader in student accommodation managing 9,309 student beds in 19 Spanish cities, including tier one cities Madrid and Barcelona, in addition to Andalucía, Cataluña, Galicia, Navarra, Pais Vasco, Salamanca and Valencia. Resa, managed by Azora since 2011, has experienced significant growth during this period, increasing from 26 to 37 residences, of which four are currently under development. The JV portfolio will continue to trade under the Resa brand with Greystar assuming responsibility for overall management. Resa will operate as a fully Greystar-owned and managed business.

In addition to the Resa acquisition, Greystar together with its strategic long-term partners plans to invest further in the Spanish rental housing market, including additional student, young professional and senior housing for rent. Greystar is currently evaluating a pipeline of opportunities across Spain and Portugal including Madrid, Barcelona, Lisbon and other key Iberian cities.

“We are thrilled to add this high-quality well-established portfolio to Greystar’s growing European platform. As a global provider of rental housing, we are constantly looking for opportunities to expand into attractive new markets, and this acquisition does exactly that," said Steven Zeeman, Greystar’s Managing Director of Continental Europe. “Spain is one of Europe’s fastest growing economies with a serious shortage of purpose-built rental accommodation suitable for students and young professionals. Home ownership in the country has fallen in recent years, particularly with the country’s young and highly mobile urban population wanting a flexible alternative. Despite this healthy appetite for new rental housing, construction has failed to keep pace with demand. The rental housing sector remains highly fragmented, with no established market for the type of purpose-built rental accommodation known as multifamily in the United States. Our investment strategy will allow us to develop a significant multifamily pipeline in Spain and grow our platform to realize the potential we see in the country.”

To support Greystar’s recent expansion into Spain and broadening reach across Continental Europe, Greystar is pleased to announce the appointment of Juan Acosta as Managing Director for Greystar in Spain. In this position, Mr. Acosta will lead the team and be responsible for client relationships, executing the existing portfolio, and growing the business through strategic acquisitions and development.

“We are thrilled to have Juan join the Greystar team to lead our efforts as we identify investment opportunities and manage our growing platform across Spain and Continental Europe,” said Bob Faith, Founder and CEO of Greystar. “Juan brings with him deep industry knowledge and a proven track record in investing across these geographies, and will be invaluable as we continue to expand our footprint across the region and continue to work to be the global leader in rental housing.”

Prior to joining Greystar, Mr. Acosta worked within CBRE’s Global Investment Partners (“CBRE GIP") as well at ING Real Estate, where he was responsible for sourcing, acquisitions and portfolio management across Continental Europe. Since joining CBRE GIP in 2011, Juan has been responsible for the acquisition and management of over €2.5bn of assets including €1.5bn of residential and student housing opportunities throughout Continental Europe. Juan started his career in 2003 at PwC Argentina in the advisory practice before joining ING Group in 2007. Juan received his MSc in International Finance at Amsterdam University.

Greystar manages over 420,000 rental apartments globally and has been active in Europe’s multifamily and student accommodation market following its first European acquisition in 2013. The company is an investor and operator of UK student brand Chapter and a shareholder in student accommodation provider iQ. In 2015 Greystar entered the student housing sector in continental Europe with the purchase of Campus Diemen Zuid in the Netherlands. This acquisition has provided a platform for further intensive investment in the rental housing market in the Netherlands, with Greystar recently widening the scope of its operations in the country to include housing for young professionals. Greystar is anticipating further investment opportunities in Continental Europe and is actively looking to enter new markets in 2018. The Resa acquisition consolidates Greystar’s position as one of the largest operators of student accommodation in Europe, developing and managing in the region of 40,000 student beds in the UK, the Netherlands and now Spain.

55+ Apartment Community Near Transit and Retail Commences Construction in Denver Metro Area

DENVER, CO – International award-winning KTGY Architecture + Planning announced today that Avenida Partners, LLC has begun construction of a new 230-unit service-enriched rental community for active adults age 55 and better in the metro Denver. Avenida Lakewood is located just six miles from downtown Denver and in the heart of Lakewood at the corner of Colfax Avenue and Owens Street.

Avenida Lakewood is the centerpiece of the Oak Station Marketplace mixed-use development serving the newly-constructed W Light Rail Oak Station; and is within walking distance to King Soopers, a supermarket brand of Kroger, and many other shops and restaurants. Notable locations such as Colorado Mills Mall, Westland Town Center, St. Anthony Medical Center and the Denver Federal Center are all nearby. 

Designed by KTGY, Avenida Lakewood apartment community provides four-stories of exquisite 55+ experiential living on 6.09 acres. According to KTGY Principal Terry A. Willis, AIA, LEED AP, “This handsome 55+ community embraces both Rocky Mountain and Denver skyline views, while giving residents vibrant living options through upscale amenities on site and connections to what the entire metropolitan region offers by nearby access to the Oak light rail station on the W Line.”

Avenida Lakewood features three creative garden courtyards, a wide variety of interior amenities and activities happening all day, every day. “What makes Avenida Lakewood unique is its ‘S’-shaped configuration organized around three distinct and lushly landscaped courtyards, for active, passive, pool and poolside activities topped-off with the rooftop ‘sky lounge’ with private indoor/outdoor entertainment areas with views of the Rocky Mountain foothills and the downtown skyline, an exceptional feature in this area,” stated Willis. 

Robert D. May, managing partner with Newport Beach-based Avenida Partners, LLC, said, “Residents of Avenida Lakewood will enjoy resort-style amenities and beautiful, modern apartment homes without the responsibility of ownership. The goal is to make the residents’ lifestyle as luxurious and effortless as possible, so they can enjoy every day to the fullest.”

Willis notes that Avenida Lakewood’s design accommodates the slope of the site by creating a lower level at the bottommost end of the site and increasing the ceiling height in the amenity space at the center of the site. “The amenity space wraps the central courtyard boasting a heated saltwater pool, spa and outdoor dining; while the interior offers residents access to yoga and fitness rooms, beauty salon, lounge, TV room and movie theater, arts and crafts room; bistro/dining hall, living room, business center and conference area,” Willis said.

Other community amenities include an elegant great room, pub and game room, dog park, outdoor patio and barbecue grills, garden plots, shuffleboard area and walking trails. Enclosed single-car garages and storage are also available for a small additional fee.

The apartment homes at Avenida Lakewood range in size from 793 sq. ft. to 1,238 sq. ft. and include a mix of 92 one-bedroom apartments and 138 two-bedroom apartments. Some of the apartment features include a private balcony, granite countertops, wood cabinetry with designer hardware, stainless steel appliances, and washer and dryer in all homes.

“There is a tremendous demand for more senior housing as our population ages," said May. “And, by allowing Avenida Lakewood residents to choose which amenities and services they pay for rather than paying for what they don’t use, seniors can make their money go much further. We hope to set a new higher standard for active-adult living in the Denver metro area with the debut of Avenida Lakewood.”

The presale office is slated for opening in May 2018. The community grand opening is planned for spring 2019. For more information about Avenida Lakewood, visit

Security Properties Acquires 256-Unit Martinique Bay Apartments for $42.75 Million in Las Vegas Submarket

HENDERSON, NV – Security Properties purchased Martinique Bay, a 256-unit multifamily property located in Henderson, NV for $42,750,000. SP now owns six assets totaling nearly 1,800 units in the Las Vegas marketplace.

Situated just 20 minutes southeast of both the Las Vegas Strip and downtown Las Vegas Martinique Bay is located within the highly desirable Green Valley neighborhood, an 8,000-acre premier master-planned community.

Along with Summerlin, Henderson/Green Valley is widely considered the market's most desirable area to live. Average household income within a 3-mile radius of the property is 23% higher than the metro average. 

The asset has a fantastic micro-location at the intersection of Sunset Road and Green Valley Parkway with a Trader Joe's anchored retail center next door to the site. With direct access to two major thoroughfares residents are also afforded convenient access to a multitude of area dining, retail and entertainment options.

Martinique Bay is a garden-style apartment community that was constructed in 1989. It consists of only two and three bedroom units with an average unit size of 1,089 SF.

The business plan is a moderate value-add. To date, a total of 91 units have been upgraded throughout the property. Previously renovated unit interiors include: faux stainless steel appliances, re-surfaced laminate countertops, faux wood vinyl-sheet flooring throughout the living areas and new carpet in bedrooms, replaced cabinet fronts with hardware and painted cabinet boxes to match, light fixtures, plumbing fixtures, two-tone paint, scrapped ceilings, and six panel doors. SP plans to continue this rehab strategy by renovating the remaining 165 original units to a similar interior scope. The business plan also includes the installation of a new dog park area, children's splash park, poolside fire pit with seating, three barbecue areas as well as a full exterior paint of the property.

According to Davis Vaughn, Senior Director at Security Properties, the acquisition was made because, "Martinique Bay has an excellent in-fill location adjacent to a grocery store.  This, combined with large units that cater to families, creates a great value proposition for those looking to access the local schools.  With our rehab program we will be able to offer renovated units at a price point significantly below new construction and create value for our investors."

The property will be managed by Security Properties-affiliate Security Properties Residential. 

Harbor Group International Acquires 9,677-Unit Apartment Portfolio in Major Markets for $1.8 Billion

NORFOLK, VA – Harbor Group International (HGI) announced that affiliates of the Company have acquired a 25-property, 9,677-unit multifamily portfolio spanning five major metropolitan areas from affiliates of Lone Star Funds. The $1.8 billion transaction is the company’s largest to date and increases HGI’s investment portfolio from approximately $5.2 billion to $7.1 billion.

The properties are located in the Washington, D.C. metro area, Philadelphia, Baltimore, Chicago and Boston. HGI plans to invest approximately $80 million to upgrade unit interiors, enhance property amenities and improve curb appeal.

The portfolio is located in supply-constrained in-fill markets, each of which benefits from solid demographics, convenient transportation, access to highways and desirable school districts. Average occupancy for the portfolio is approximately 95% and HGI believes its value-add initiatives and focused management will boost revenue.

Meridian Capital Group provided investment advisory and mortgage brokerage services to HGI, including the placement of approximately $512 million of fixed rate debt with New York Community Bank. In addition, Berkadia Commercial Mortgage provided $930 million of fixed and floating rate debt through Freddie Mac. 

Lone Star was represented by Eastdil Secured.

Harbor Group International is a private real estate investment and management firm, which controls a portfolio of worldwide assets valued at $7.1 billion. HGI is headquartered in Norfolk, Virginia with offices in New York, Baltimore and Tel Aviv. The company’s real estate holdings include 4.8 million square feet of commercial properties and approximately 30,000 apartment units.

MG Properties Group Acquires 676-Unit Multifamily Community for $101 Million in Mesa, Arizona

MESA, AZ – MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of Lakeview at Superstition Springs Apartments in Mesa, AZ.

Lakeview at Superstition Springs is a 676-unit apartment community built in two phases between 1995 and 1998 within the Superstition Springs Master plan. The property offers excellent drive-by visibility from two major cross-streets and is surrounded by some of the East Valley's largest employers.

Lakeview is situated on over 38 acres featuring five lakes and walking paths throughout. The property offers a unit mix of one-, two-, and three bedroom units including townhomes. Other resort-style amenities include four swimming pools and spas, a fitness center, two resident clubhouses and lakeside ramadas with barbeques.

MG Properties Group plans to continue the interior upgrade program in progress and enhance common area amenities.

The sellers were represented by Tyler Anderson, Sean Cunningham, Asher Gunther and Matt Pesch of CBRE. The acquisition was financed with a $70.7M Fannie Mae Loan arranged by Rocco Mandala of CBRE.    

According to Mark Gleiberman, MGPG's Chief Executive Officer, "Phoenix continues to be an attractive rental market with strong employment growth and net in-migration. Lakeview at Superstition Springs is positioned to capitalize on this in a walkable location with access to major employers."

MG Properties Group has purchased 11 properties in the past 12 months.  These acquisitions total over $817,000,000 in purchase price and 4,000 units.  The company is targeting further acquisitions in Washington, Oregon, Arizona, California, Colorado, and Nevada. 

Newly Constructed Trophy Apartment Community in Downtown Boston Sells for $144.5 Million

BOSTON, MA – Holliday Fenoglio Fowler (HFF) announced the $144.5 million sale of New Boston Fund’s, The Tower at One Greenway, a newly-constructed, 217-unit luxury apartment community in the heart of downtown Boston. The HFF team marketed the property on behalf of the seller.

Completed in 2015, The Tower at One Greenway is a LEED Silver-certified, 21-story trophy apartment tower with 3,180 square feet of retail and a 135-space underground parking garage.

Units average 822 square feet and are offered in 23 different open-layouts with chef-style kitchens, GE stainless Energy StarTM appliances, built-in pantries, in-unit washers and dryers, walk-through closets and keyless entry. Top floor units are equipped with personal balconies, floor-to-ceiling glass and GE Café series appliances.

Residents have access to a top-of-the-line amenity package that includes a rooftop terrace with fire pits; an outdoor park with deck and grills; balcony lounge with 80” TV, 11th floor resident lounge with billiards and entertainment bar; fitness center, yoga studio, K9000 Turbo Dog Wash, bike store and electric car charging stations. Additionally, BeanTowne Coffee is situated directly off the lobby.

The property’s location at 99 Kneeland Street places it within walking distance of Boston’s major destinations and provides residents with unparalleled access to public transit at South Station, the MBTA Red and Orange Lines as well as immediate access to Interstates 93 and 90.

“The unprecedented demand for Boston residential real estate made now the opportune time for us to sell the Tower at One Greenway,” said Jim Kelleher, Chief Investment Officer at New Boston Fund. “New Boston is extremely proud of its role in transforming the former Parcel 24 site into One Greenway and we appreciate the contributions of our many partners made throughout the course of this project.”

The HFF investment advisory team included executive managing director Matthew Lawton, senior managing director Riaz Cassum, managing director Chris Phaneuf and senior director Mark Campbell.

Senior Lifestyle and CA Senior Living Break Ground on New 125-Unit Development in Florida

HOBE SOUND, FL – Senior Lifestyle Corporation, an industry-leading owner, operator and developer of senior living communities, hosted the official groundbreaking ceremony of one of its newest planned communities, The Sheridan at Hobe Sound.

The project is a joint venture between Senior Lifestyle Corporation and CA Senior Living, the senior housing investment and development division of Chicago-based CA Ventures. Senior Lifestyle Corporation will operate The Sheridan at Hobe Sound.

The Sheridan at Hobe Sound is scheduled to open in early 2019 and will feature 85 assisted-living apartment homes, as well as 40 memory care residences developed specifically to support those with Alzheimer's, dementia and other memory-impairing illnesses. The 110,000-square-foot retirement community will sit on 7.53 acres of land at 5050 SE Seabranch Blvd., just off SE Federal Highway between Mariner Sands Country Club and Heritage Ridge Golf Club.

"We are excited to bring The Sheridan at Hobe Sound to the heart of Martin County," said Matthew Phillips, executive vice president of development for Senior Lifestyle Corporation. "The residents of Hobe Sound, as well as the neighboring areas, will now have an option that offers the latest in innovative care, design, and hospitality for seniors in the central location of Hobe Sound. Anyone traveling north or south from Stuart to Tequesta will pass right by our community, which sits on Federal Highway just south of the premier Mariner Sands Country Club. The location is truly special."

"The Sheridan at Hobe Sound is designed with a resort-style feel and will bring an engaging lifestyle experience to its residents, who will benefit socially and physically from the shared amenities and top-notch services that will be available here," said Ben Burke, president of CA Senior Living. "It's very rewarding to continue to grow our relationship with Senior Lifestyle Corporation as we partner on this, our fifth project with them in three years."

Residents of the community will enjoy chef-prepared meals with friends in the elegant dining room, and indoor and outdoor amenity spaces that foster social connectivity. Residents will also be able to get inventive in the creative studio, play bocce ball, practice on the putting green, dine on an outdoor patio and enjoy the serene landscaped outdoor spaces and walking paths that weave throughout the property and boast views of the surrounding natural wetlands.

In addition to providing a range of assisted living and memory care accommodations to meet the housing needs of greater Hobe Sound's growing senior population, The Sheridan at Hobe Sound will create more than 150 new jobs in the community.

San Francisco Planning Commission Approves $95 Million Mixed-Use Project in SoMa District

OAKLAND, CA – International award-winning firm KTGY Architecture + Planning announced today that the new mixed-use residential community at 360 5th Street in San Francisco, developed by Trammell Crow Residential (TCR) and designed by KTGY, was recently approved by the planning commission. The new $95 million development located in San Francisco’s SoMa (South of Market Street) district includes 127 apartment homes and over 9,300 square feet of retail and creative workspace on .53 acres.

TCR and KTGY worked diligently with the surrounding community to respect the area’s considerable history while providing modern new residences to the area. Connecting the new building with its neighborhood and with the city of San Francisco was a major focus of the design.

“The building faces 5th Street, a major arterial, and is bound by Clara Street and Shipley Street,” said Jessica Musick, Associate Principal in KTGY’s Oakland office. “The side streets are narrower ‘living streets’ where the intention of the city is to create residential enclaves. The architecture facing the living streets is designed at a smaller scale, with street-level front doors and stoops. We have also included references to the San Francisco tradition of bay windows. The bays provide both character and texture to the building façade at the same time, filling the residences with light and directed views to the outside.”

To put a modern spin on the traditional bay window design, there is a colorful “belt” around the building that shifts the view focus within the units from downtown to the bay. A generous roof deck overlooking the living street as well as 5th Street both activate the street edges and ensure usable open space is exclusive to the residents.

While the ground-level units enjoy the connection to the street, upper units are elevated flats and select units have private decks. Shadow analysis along the top of the building led KTGY to incorporate step-backs in the building design, optimizing the light to the building and the neighbors. According to Musick, the design makes maximum use of the building envelope, under the current zoning, with five levels of Type III construction over three levels of Type I.

The SoMa area is currently home to artisan and craftsman businesses and the local community prides itself on the “makers” arts community and expressed this as an important value. “TCR’s plans for the new development include creative workspace and some retail spaces at the ground floor level, further preserving the sense of community for SoMa,” Musick noted.

According to Bruce Dorfman, Senior Managing Director of TCR’s Northern California division, “TCR is pleased to receive approvals for this highly visible and walkable site in Central SOMA. Adding 127 new residential units to this neighborhood as well as creating 8,011 square feet of space for production, distribution and repair and arts activities uses and 1,300 square feet of retail will enhance this area. The development also includes streetscape improvements along Shipley, 5th and Clara streets to greatly improve the pedestrian experience.”

The location’s proximity to public transportation and high walkability score resulted in a minimal number of parking spaces being incorporated in the development. 360 5th Street’s accessibility to transportation is excellent and will be augmented by San Francisco’s Central Subway, one of the biggest infrastructure projects in the city. The new line will serve popular destinations along the 1.7 miles from SoMa to Chinatown including Moscone Center and Union Square. Located just blocks from one another, 360 5th Street and the Central Subway are both planned to open in 2019.

KTGY and TCR are also working together on several other projects in the Bay Area including the Alexan Webster, located in Oakland’s Lake Merritt neighborhood, which involves redeveloping a public surface parking lot in a public/private venture with the City of Oakland. The $135 million project, which is currently under construction, includes the development of a replacement parking structure owned by the City and a luxury apartment community with retail space and a dramatic public art installation.  Additionally, KTGY has designed portions of Alameda Point Town Center master plan for TCR, which is the first phase of the redevelopment of the former Naval Air Station in Alameda, and Napa Creek condominium development project in the city of Napa. The Oakland office of KTGY has a 20-plus-year history working with many of the top residential developers designing both market rate and affordable residential communities for residents living in the San Francisco Bay Area.

Fifteen Group and Meritage Acquire 384-Unit Apartment Complex for $68.65 Million in Orlando

ORLANDO, FL – A joint venture between affiliates of Miami-based Fifteen Group and Meritage Group LP has completed the acquisition of Patterson Court Apartments in Orlando, FL for $68.65 million.

Patterson Court is located at the intersection of International Drive and Little Lake Bryan Road in the heart of the desirable I-Drive corridor in Orlando, providing convenient access to major employment centers such as Walt Disney World, SeaWorld, the Orlando Convention Center, Downtown Orlando and the Orlando Vineland Premium Outlets.

The 384-unit property spans 21 acres and is consistent with Fifteen Group's strategy of acquiring well-located properties with the potential for substantial, long-term value creation.

"This acquisition provides an opportunity to capitalize on attractive in-place yield, with added upside in the growth of the south International Drive submarket," said Justin Toal, Fifteen Group’s Chief Investment Officer and Senior Principal.

“Meritage targets high-quality, recurring-revenue assets that can successfully navigate economic cycles and have compelling long-term prospects. A key component of our strategy includes building long-term relationships with operating partners like Fifteen Group, who have demonstrated success and share our value investment philosophy,” added Jared Halperin, a Managing Director at Meritage who leads the firm’s real estate investment strategy.

Fifteen Group is a family-owned real estate investment firm based in Miami, Florida. Fifteen Group's investment activities are opportunity-driven, value-added acquisition and development projects. Historically, Fifteen Group concentrated primarily on the multifamily sector, but has evolved to include expertise in the office, retail, mixed-use, industrial, and land development sectors.

GoldOller Real Estate Investments Acquires Iconic 904-Unit Jacksonville Apartment Community

JACKSONVILLE, FL – GoldOller Real Estate Investments announced its acquisition of the Villages of Baymeadows Apartments, a 904-unit rental community in Jacksonville Florida, purchased from an affiliate of Harbor Group International. With the addition of the Villages of Baymeadows, GoldOller has expanded its holdings in the Jacksonville area to 5 properties containing 2,562 units.

The Villages of Baymeadows is a Jacksonville landmark.  Situated on 106 beautiful acres, the community boasts several lakes as well as walking and bike paths. The spacious apartments include distinct one, two, and three bedroom flats as well as rental townhomes. This property has many luxurious amenities which include a newly redecorated clubhouse, fitness facility, nine swimming pools with expansive sundecks, three sand volleyball courts, multiple fire pits, three playground areas, business center, community clubhouse for resident events, pet friendly dog park, bocce ball, and putting green.

Located in the Southside/Baymeadows area of Jacksonville, the community offers easy access to I-95 providing a quick commute to Jacksonville Airport, the Port of Jacksonville, Naval Air Station Jacksonville, Downtown, St. Johns Town Center and the city's beautiful beaches. Jacksonville is the largest city by area in the continental U.S. and has a population of approximately 850,000 residents. This flourishing city has a wide variety of attractions including popular beaches, 80,000 acres of park trails, sporting events, as well as many dining and entertainment venues. 

"We couldn't be more enthused about the Villages of Baymeadows and our increased presence in the Jacksonville area," said Richard Oller, Chairman and Co-Founder of GoldOller. "Our other 12 communities in North and Central Florida have all outperformed our expectation and we are confident that the Villages of Baymeadows will as well. This is a remarkable, large scale, resort style community. It is extremely well located, full of fabulous amenities, and offers an array of wonderful fully diverse floor plans. GoldOller will invest substantial capital for both exterior and interior property enhancements, modernizing all aspects of the community."

Jill Hinton, GoldOller's VP of Operations, explained how the company immediately incorporated GoldOller's signature style and made onsite employees and residents feel included. "Once the acquisition was official, we jumped into high gear welcoming our team and residents with an entire week of exciting events for all to enjoy. The Welcome to Team GO reception is for the new team members which is always a great time filled with games, champagne toast, and cake.

Our GO Meet and Greet Pizza Party and Coffee on the GO allows us to interact with the residents and get to know them on a personal level. GoldOller will also begin implementing their Life on the GO amenities and programs as soon as possible. Our ultimate goal is to make sure everyone feels proud to call Villages of Baymeadows home.

Jake Hollinger, GoldOller partner and President, said, "We've had steady momentum in the Jacksonville market which we're expecting to continue with the Villages of Baymeadows. Our determined teams are experts at implementing the GO Lifestyle at new communities to maximize our resident's experience. We're incredibly pleased to add this property to the GoldOller portfolio and further expand our presence in Florida."