TALLAHASSEE, FLA. — Berkadia has arranged the sale of Grove Park, a 324-unit apartment community located at 3148 Dick Wilson Blvd. in Tallahassee. The Class A community was developed in 2021 and 94 percent occupied at the time of sale. David Etchison of Berkadia represented the seller, Alabama-based TrimCor, in the transaction. Brad Williamson and Wes Moczul of Berkadia arranged acquisition financing through MF1 Capital on behalf of the buyer, Miami-based Monument Capital Management. The sales price and loan amount were not disclosed.
Grove Park features one-, two- and three-bedroom layouts ranging from 1,219 to 2,120 square feet in size, including single-story duplexes with fenced yards. Amenities include a clubhouse with café bar, TV lounge, business center and rentable conference room and event space. Other amenities include a saltwater zero-entry pool and sundeck, fitness center, cedar sauna, playground and a bark park.