A BRAND-NEW, DETACHED SINGLE-FAMILY HOME BTR COMMUNITY BY AMERICA’S LARGEST HOMEBUILDER, D.R. HORTON
8731 SW 44th Ct | Ocala, FL 34476
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Berkadia is pleased to exclusively present the opportunity to forward purchase Reunion Crossing (the “Property”), a to-be-developed 146-unit, Class A build-to-rent (BTR) townhome community by D.R. Horton, the nation’s largest homebuilder. Conveniently situated directly off the SR-429 (Orlando’s Western Beltway) near the Interstate 4 interchange, the Property enjoys access to over half a million jobs in under 30 minutes and will become the closest BTR community to Walt Disney World, the nation’s largest single-site employer (75,000 employees) & No. 1 tourist attraction in the nation. As a forward sale, investors are presented with the opportunity to acquire this highly differentiated asset in one of the strongest growth markets in the U.S. at a discount to stabilized value. It is anticipated that the closing of the transaction will take place in several phases as buildings are delivered. Closing will be subject to each building being completed per plans and specs, and receipt of required certificates of occupancy.
EXECUTIVE SUMMARY
The Pines at Ocala Crossings South
Investment Highlights
Property Features
104
Homes
2024
YOC
51%
$2,494
LEASED Rent
$1.25
LEASED Rent PSF
2,003
Avg. SF
1
2
3
4
5
6
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Executive Summary
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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MATT MITCHELL
Senior Managing Director
813.217.3419
matt.mitchell@berkadia.com
ORLANDO
300 South Orange Avenue
Suite 1325
Orlando, FL 32801
P. 407.481.9920
F. 407.481.0757
TAMPA
4890 West Kennedy Boulevard
Suite 940
Tampa, FL 33609
P. 813.675.0469
Patrick Coley
Senior Financial Analyst
407-481-2187 patrick.coley@berkadia.com
BRETT MOSS
Managing Director
321.319.1414
brett.moss@berkadia.com
TYLER SWIDLER
Director
321.319.1415
tyler.swidler@berkadia.com
BAILEY SMITH
Associate
813.675.0121
bailey.smith@berkadia.com
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Leased (as of 04/24/2024)
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Brand-new, detached single-family BTR community by America's largest homebuilder, D.R. Horton
Desirable community setting offering amenities access & walkability to local elementary and middle schools
Compelling lease-up trends: Avg. 8 leases/mo. since Jan-24 & 4.2% rent growth on recent leases
Well-heeled resident demographics: $124K avg. HH income (on-site) with diverse roster of resident employers
Dynamic South Ocala location: 90K jobs & 11.3M SF of vibrant retail within 20 minutes
The explosive growth of Ocala: No. 4 fastest-growing MSA in 2023 (+3.4% growth, 13.5K new residents)