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, LLC. 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 & 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 GOamenities 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."
About GoldOller www.goldoller.com
Formed in 2008 by industry veterans Richard Oller and Jeffrey Goldstein, GoldOller is an emerging leader in the multi-family housing industry and an innovative owner-operator of apartment communities throughout the United States. GoldOller owns and operates apartment communities in 17 states, valued in excess of 1.5 billion dollars, and containing about 16,000 units.
Multifamily Management Services, a GoldOller affiliate, provides third party management to communities containing about 30,000 units, while other affiliates develop, own, and operate condominium, office, hotel, industrial, and retail assets. GoldOller has corporate offices in Philadelphia and New York City, as well as regional offices in Kansas City, Atlanta, and Orlando.