Apr

13
2021
Daytona Beach

Michaelson Real Estate Group, LLC and a private equity investor acquire The Village at Valencia

Titusville, April 5, 2021

Michaelson Real Estate Group, LLC and a private equity investor have acquired The
Village at Valencia, a 96-unit multi-housing community in Titusville, Florida. The asset
enjoyed 94% occupancy at the time of purchase.

Built in 1967, The Village features a mix of one and two-bedroom apartments in six
different floor plans with an average size of 750 square feet. On-site amenities include a
social lounge, clubhouse, pool, controlled access gates and on-site laundry facilities.
Located at 915 South Park Avenue, the property benefits from its prime location minutes
away from dining, shopping, entertainment and four parks, including Homer Powell
Nature Center, Merritt Island National Wildlife Refuge and the Enchanted Forest
Sanctuary.

The property is scheduled to undergo $1.2M in capital improvements. These
improvements include remodeled office, new pool furniture, interior upgrades, paint and
wood repairs, asphalt repairs, exterior painting, upgraded flooring and appliance
replacement.

Michaelson Real Estate Group, LLC will manage the property. Michaelson specializes in
enhancing multifamily values through marketing, management and repositioning.
Michaelson has managed more than 30,000 apartment and condominium units
throughout the Southeast.

For further information please contact:
Michaelson Real Estate Group

[gravityform id="1" title="true" description="true" ajax="true"]