Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area
Land Area ()
Number of units 239

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Anson on Palmer Ranch (the “Property”), a 239-unit Class “AA” garden-style apartment community completed in 2018 and located in Palmer Ranch, a premier 7,000-acre master-planned community within the rapidly growing Sarasota, Florida MSA. The Property is ideally positioned to benefit from the high levels of job and population growth within the Sarasota MSA, as well as a lack future supply within its submarket. Anson on Palmer Ranch stands apart from the competition with its impressive high-quality design including three-story elevator-serviced buildings, contemporary interior finishes, and array of resort-style amenities.

 

Located within ultra-desirable Palmer Ranch, the Property is surrounded by upscale residential neighborhoods, exclusive golf courses and country clubs, shopping, dining, and miles of outdoor amenities such as the Legacy Trail. Adding to the location’s appeal is its proximity to world-renowned beaches such as Siesta Key and easy access to I-75 and downtown Sarasota.

 

The Property is situated within the South Sarasota submarket, which is projected to realize 9.3% rent growth in 2022 and average over 4% annually through 2027 while maintaining occupancy rates over 97%. Growing demand for rental units is expected to continue as more and more people are drawn to the Sarasota region for its economic opportunity and enviable quality of life. Anson on Palmer Ranch, with its desirable location and attractive physical attributes, is uniquely positioned for an investor to take advantage of Sarasota’s impressive multi-housing fundamentals and capitalize on the MSA’s boundless growth.

Investment highlights

  • HIGH GROWTH MARKET: Since 2010, the population of the Sarasota MSA has grown a healthy 23% while the Palmer Ranch community has explosively doubled. Looking forward, both the greater metro and the Palmer Ranch community are projected to grow another 9% by 2026.
  • ACCELERATING MARKET FUNDAMENTALS: Data projections for the Property’s submarket forecast impressive fundamentals with occupancy levels above 97% and rent growth rates well over 4% annually through the foreseeable future.
  • PREMIER MASTER-PLANNED COMMUNITY: Palmer Ranch is home to upscale residential neighborhoods, shopping, dining and the famous TPC Prestancia golf club.
  • SUPERB QUALITY OF LIFE: Recently ranked the #1 best place to live in Florida by US News, Sarasota offers access to amenities such as the Legacy Trail, gorgeous beaches such as Siesta Key and refined culture in downtown Sarasota.
  • BARRIERS TO ENTRY: Sites for future development are scarce and there is no new supply under construction within Palmer Ranch.
  • DIFFERENTIATED, HIGH-QUALITY ASSET: Features such as elevator-access, attractive finishes, and resort-style amenities help Anson stand apart.
  • ATTRACTIVE DEMOGRAPHICS WITH STRONG CREDIT: The Property has experienced strong rent collections, measuring nearly 100% during 2020 and 2021, bolstered by an average household income at the Property of approximately $113,000.
Last Updated Date: 14 Sep 2021
Matt Mitchell
Matt Mitchell
Senior Managing Director, Tampa Office Co-Head
Broker Licenses
FL-BK3221815
Zach Nolan
Zach Nolan
Senior Director, Capital Markets
Broker Licenses
FL-SL3280497

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 14 Sep 2021

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.