Walker & Dunlop announced Dec. 14 it brokered the $53 million sale of the 358-unit The Parkland at Orange Park apartments.
Palm Beach-based American Landmark Apartments sold the 1863 Wells Road community to Provo, Utah-based Peak Capital Partners.
The sale closed Dec. 10, but the deed had not been filed with the Clay County Clerk of Courts as of 10:30 a.m. Dec. 14.
Walker & Dunlop multifamily sector specialists Brian Moulder, Dhaval Patel and Bobby Gatling brokered the sale. Taylor Williams, Walker & Dunlop managing director for debt and capital markets, handled the financing.
Built in 1987, The Parkland offers one-, two- and three-bedroom units at rents from $950 to $1,370 a month.
Units feature updated kitchens with black appliances, in-unit washers and dryers, laminate plank flooring and screened-in porches.
Amenities include a pool and sun deck, clubhouse, fitness center, playground, dog park and grilling area.