Venterra has purchased Villages at Oakleaf Apartments in Jacksonville, FL
Venterra Realty has purchased The Villages at Oakleaf, a 512-unit, garden-style multifamily, located within the Oakleaf Plantation master-planned community and consisting of Gemstone, Fieldstone, Cobblestone, and Village at Oakleaf Plantation in suburban Jacksonville, Florida.
Located in Clay County, an area known to have a superior school system, the community provides a desirable living choice for families. With the presence of large unit sizes and many floorplans offering 3- and 4- bedroom options, as well as many kid-friendly amenities including a playground, The Villages at Oakleaf can provide families with an exceptional living experience. All three schools to which The Villages at Oakleaf are zoned are highly rated and within walking distance.
“We are pleased to announce the acquisition of these premier assets and add another high-quality property to our Florida portfolio,” said John Foresi, Venterra CEO. “Demand for family-centric rental options is strong in today’s housing market. The Villages at Oakleaf stood out to our acquisition team due to its extensive amenity package across the property sure to appeal to all types of renters, with families at the forefront.”
Jacksonville was ranked as the fastest-growing Florida city by the U.S. Census Bureau in 2020, ranking 9th in the country in terms of highest in-migration in the U.S. Before the pandemic, Jacksonville averaged 2.6% annual job growth between 2011 and 2019, compared to the U.S. average of 1.7% for the same period. The Jacksonville MSA is one of only a handful of major markets in the country that has recovered all jobs lost during the pandemic.
“Jacksonville’s booming population and demand was a key driver in this acquisition,” said Venterra Chairman, Andrew Stewart. “We look forward to optimizing the operations at this community, creating value for our investors, and providing an exceptional living experience for residents of Jacksonville.”
We will implement our resident-focused programs such as the Live it. Love it. Guarantee.™, the 48-Hour Maintenance Guarantee, SMARTHUB, as well as our overall commitment to providing a world-class living experience for which Venterra has become known.
We’re now hiring for office and maintenance positions at Villages at Oakleaf! If you’re interested in being part of our award-winning culture at the latest Venterra team to join the Venterra portfolio, use the links below to find out more about the respective roles and apply for any that might be a great fit for you.