JACKSONVILLE, FL – GoldOller Real Estate Investments announced its acquisition of the Villages of Baymeadows Apartments, a 904-unit rental community in Jacksonville Florida, bought 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 gorgeous 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 simple 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 gorgeous 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 well loved 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, clarified 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 delight in. The Welcome to Team GO reception is for the new team members which is always a fantastic 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 start 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.”

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COLUMBIA, SC – Atlanta based Crown Bay Group and its partner, Vantage Capital Group, announced their acquisition of Lake Shore Village Apartments in Columbia, SC. The property was recently annexed into the City of Columbia boundary.

The garden style property is located on Garners Ferry Road, a major south-east artery which enjoys a highly accessible location with frontage on Garners Ferry, just minutes from I-77 (1.25 mi.). It is comprised of 280 units spread over 23 acres, that also includes a gorgeous lake frontage. 

The new owners intend to complete a full deferred maintenance program including new roofs. Other improvements will include an interior upgrade package with new modern lighting, flooring, kitchen cabinets and black appliances that will take place over the next 24 months.

In addition to renovating the units, a washer-dryer rental program will be place in place and a large outdoor tenant amenity area will be made to include a new playground, barbeque/picnic area and pavilion with the goal of upgrading Lake Shore’s image to attract tenants and increase occupancy. 

The property benefits from an outstanding location, not far from downtown Columbia and close to Fort Jackson, one of the most vital Army bases in the country with 50,000 soldiers graduating every year. Giant online retailer Amazon is already an vital presence in the area with over 1,500 employees in Columbia and they recently announced the addition of 500 jobs. 

Crown Bay Group and Vantage Capital are bullish about the Columbia market, and more acquisitions are being plotted there. The South East markets are experiencing a high growth period which should carry on for the foreseeable future with its employment growth and increase in population.

“This is another fantastic acquisition for our investors,” says Steve Firestone. “Our focus is on buying at the right price and adding value, and at the same time offering fantastic service to our tenants.”      

The property will be managed by Crown Bay Management, a subsidiary of Crown Bay Group.

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