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|Number of units||239|
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.
- 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.