An affiliate of Befeler Group acquired a 152-unit, garden-style apartment complex in Alachua County minutes driving distance from the University of Florida, one of the best universities of the South, and Celebration Pointe, a 1,000,000+ square feet complex of dining, entertainment, shopping, Class-A office space, hospitality, luxury apartment homes, and townhomes. The property serves mostly permanent residents of Gainesville and their families and sits on about nine and one-half acres of land within the urban core in one of the highest demand rental areas in Gainesville. The property was immediately rebranded and repositioned, remodeled and upgraded, and revenues have significantly increased.