Sold June 2017
Carmendy Square Townhomes is a 152-unit townhouse-style multifamily community located in Lady Lake, Florida. The property is located off US Highway 441 and within proximity of "The Villages" – the fastest-growing metropolitan area in the US, and approximately 25 miles south of Ocala and 50 miles west of Orlando.
Carmendy Square was developed in 1999 and consisted of 152 two and three-bedroom townhouse-style residences averaging 1212 square feet. Amenities include a clubhouse, sport court, playground, swimming pool, Bark Park, 24-hr fitness facility, and Internet Café. All units come with a full-size washer/dryer, ceramic tile flooring, large bedrooms, and walk-in closets.
Balfour Beatty Communities of Malvern, PA, joined ApexOne in a joint venture to purchase the property and hold long-term to capture growth and appreciation.