Class A luxury multi-housing development in Florida trades hands

JACKSONVILLE, Nov. 8, 2024 - JLL Capital Markets announced today that it has arranged the new construction sale of The Mark at Wildwood, a 294-unit multi-family complex in Oxford, Florida.

JLL represented the seller, Varden Capital Properties and Tellus Partners. The buyer was TriBridge Residential.

The Mark at Wildwood, located at 3795 Bismark Ct., sits at the northwest corner of The Villages development in Sumter County, Florida, less than an hour north of Orlando. Strategically positioned adjacent to an Aldi grocery store, the property offers convenient access to over seven million square feet of commercial buildings and retail space. Residents benefit from proximity to essential goods and services, as well as major employment centers such as UF Health, The Villages Hospital, HCA Hospital, AdventHealth Emergency Room and a VA Outpatient Clinic nearby.

Sumter County, home to The Villages, stands out as America's fastest-growing metro area, boasting a remarkable 62% population surge since 2010. Known as America's Premier Active Adult Community, The Villages houses over 150,000 residents with a median age of 69.3 years and an average household income exceeding $103,000. This thriving community contributes to a robust local economy, supported by a highly educated populace, with 65% of residents holding college degrees.

The Mark at Wildwood, a Class-A luxury development completed in 2023, is a three-story, garden-style multifamily property offering a mix of one-, two- and three-bedroom flat and carriage home-style units. The community boasts high-end amenities such as a resort-style pool and clubhouse, while individual apartments feature luxury plank flooring, custom cabinetry with soft-closing hinges and stainless steel appliances.

"The Mark at Wildwood's location next to the most developed retail corridor in The Villages allows its residents to enjoy a comfortable lifestyle with easy access to various employment centers, great grocery stores like Costco, Sprouts and Fresh Market as well as various healthcare hubs," said Andy Green, Managing Partner at TriBridge Residential.

JLL Capital Market's Investment and Sales Advisory team representing the seller was led by Managing Directors Cliff Taylor and Joe Ayers, Directors Ryan Hixon and Tucker Brooks and Associate Mike Scott.

"The Mark at Wildwood presents a compelling investment in America's fastest-growing metro area," said Taylor. "Its strategic location adjacent to The Villages, coupled with the area's robust demographics and economic growth, positions this luxury development for sustained success in the thriving Central Florida market."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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