Three new communities add 1,020 apartment units to management portfolio.
September 11, 2023 |
Updated September 11, 2023
Lakeland, Fla.-based Blue Roc Premier Properties is growing its management portfolio with control of three communities totaling 1,020 apartment units. The three communities are in Jacksonville and Safety Harbor, Fla. The Park At Avellino and The Park At Via Veneto (pictured above) are in Jacksonville; The Park at Torino is in Safety Harbor.
“As part of a $150M recapitalization agreement finalized in June between the principals of Blue Roc Premier and their new investment partners, this strategic collaboration not only enhances our footprint in Florida’s ever-expanding multi-family marketplace but also allows us the opportunity to continue to bring our first-in-class service and amenities to these communities,” said Charles Faramo, VP of Acquisitions at Blue Roc Premier Properties, in a release.
Each community will undergo major interior and exterior renovations. This includes granite countertops and stainless steel appliances on the inside with new paint and roofs on the outside. Blue Roc Premier and affiliates manage more than 16,000 units across the Southeast and Florida.