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Villas at High Springs
The Villas at High Springs is a garden-style apartment located in the Gainesville, FL MSA. Gainesville ranked as a top 20 MSA for growth by Crescent Sky’s proprietary model at the time of acquisition. Crescent took over the management of the property and hired the previous on-site property manager to ensure continuity. A renovation program commenced including adding washer dryers, refurbishing cabinets, replacing carpets, and painting select units.
Location: Gainesville, FL
Business Plan: Value add to bring rents to market rates
Investment Type: Equity
Property Type: Garden Style Apartments
Buildings: 10
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