The Parkland at Orange Park apartments sold for $53 million

A Provo, Utah-based company bought the 358-unit property Dec. 10.

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  • | 10:50 a.m. December 14, 2020
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The Parkland at Orange Park apartments at 1863 Wells Road.
The Parkland at Orange Park apartments at 1863 Wells Road.
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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.



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