10/09/2026
SALE OR RECAP - ALL OFFERS CONSIDERED: 432 Total Units (240 Units Completed; 192 Units Planned) | Majority 2 Bedroom Layouts | Amenities in Place | Fast-Growing Metro | Ocala, Florida
Newly Built, Already Operating
Phase I comprises 240 apartments delivered in 2025. Buyers can evaluate an existing physical asset, observe leasing activity, and review operating results while implementing the next stage of the business plan. The completed clubhouse, swimming pool, garages, and outdoor amenity areas provide an established residential environment.
Embedded Development
Phase II adds 192 apartments across (8) 24-unit buildings, increasing the community's unit count by 80%. Upon completion, the property would total 432 apartments on a single campus. The sponsor reports approximately $8 million of investment in Phase II land, site improvements, and predevelopment costs. This existing investment provides a foundation for the expansion program, with the remaining scope focused on vertical construction, completion, and lease-up. Permit status, remaining site obligations, and the contractor pricing remain subject to purchaser verification.
Two Sources of Income Growth
Phase I offers the opportunity to increase collections as vacant apartments are leased and occupied. Phase II adds a separate source of growth through the delivery of additional rentable homes. The investment thesis therefore extends beyond annual rent increases. It includes expanding the occupied unit base, adding 192 new apartments, and increasing ancillary income as the community reaches scale.
Two-Bedroom-Led Unit Mix
The completed community includes 84 one-bedroom units, 324 two-bedroom units, and 24 three-bedroom apartments. Two-bedroom homes represent 75% of the total program, offering flexible layouts for couples, roommates, smaller households, and residents seeking work-from-home space. Across both phases, the planned residential area totals approximately 453,972 square feet, averaging approximately 1,051 square feet per apartment.
Scale & Operating Efficiencies
The expansion creates an opportunity to operate 432 apartments within one community. Shared management, leasing, marketing, and existing amenities may provide efficiencies relative to operating separate properties. These efficiencies are an ex*****on opportunity rather than an assumption that expenses remain fixed. The operating projection includes increasing expenses as additional units enter
Details at the link: https://grea.com/properties/ #/2300-sw-38th-avenue
