Gathering at Arbor Greens is a 255-unit luxury property in Newberry, Florida. The community's location off Newberry Road provides easy access to Interstate 75, Highway 41, Highway 24, and 143rd street, placing residents within easy reach of the University of Florida, Tioga Town Center, and numerous commercial and entertainment centers. Major employers found within 8 miles of the property include the University of Florida, UF Health, Malcom Randall Veteran Affairs Medical Center, Progress Corporate Park, Exactech, Tower Hill Insurance, Campus USA, and Sante Fe College. Tioga Town Center is less than one-half mile from the site.
Gathering at Arbor Green, completed in 2021, consists of nine three-story buildings, one two-story clubhouse and fitness center, and a variety of one, two, and three-bedroom floor plans ranging from 696 square feet to 1298 square feet. The buildings surround a resort-style swimming pool and provide a luxury amenity package, including a state-of-the-art fitness center, Amazon Hub, and bark park. Additional community amenities include a children's playground, grilling stations, outdoor fireplace, pet spa, Starbucks coffee bar, game room, and common area WiFi. Unit features include top-line GE appliance packages, washer-dryer, granite countertops, breakfast bar, double vanity sinks, faux-wood flooring, walk-in closets, walk-in showers, soaking tub, ceiling fans, and shaker-style cabinetry.
The Collier Company assumed management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased the property and will hold long-term to capture cash flow and appreciation.