{"id":77313,"date":"2025-12-09T18:35:08","date_gmt":"2025-12-09T18:35:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/77313\/"},"modified":"2025-12-09T18:35:08","modified_gmt":"2025-12-09T18:35:08","slug":"monument-capital-management-acquires-grove-park-apartments-in-tallahassee","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/77313\/","title":{"rendered":"Monument Capital Management Acquires Grove Park Apartments in Tallahassee"},"content":{"rendered":"

\"Grove<\/a>Monument Real Estate Services, an affiliate of Monument Capital Management, will manage the community.<\/p>\n

Monument Capital Management<\/a>, an A-Rod Corp company and one of the country\u2019s premier fully integrated real estate investment firms, has announced the acquisition of Grove Park Apartments<\/a>, a 324-unit Class A multifamily community in Tallahassee, Florida.<\/p>\n

Berkadia<\/a>\u2018s Brad Williamson and Wes Moczul arranged the financing on behalf of Monument Capital Management. David Etchison of Berkadia represented the seller, Alabama-based TrimCor.<\/p>\n

Built in 2021, Grove Park is a two-story garden-style apartment community spanning more than 30 acres. The property features a low-density site plan and spacious residences averaging 1,713 square feet, distinguishing it within the submarket.<\/p>\n

Grove Park was built to a high standard of design and construction, comparable to for-sale housing, and includes a diverse mix of one-, two-, and three-bedroom layouts, highlighted by single-story duplex residences yards with private, fenced-in yards.<\/p>\n

The anticipated business plan comprises a targeted, lighter renovation scope and an emphasis on engaged property management. The goal is to maximize operational efficiency and drive value through active ownership oversight and hands-on management, while modernizing the property through select, value-enhancing improvements.<\/p>\n

Community amenities include a 7,400+ square-foot clubhouse with caf\u00e9 bar, TV lounge, business center, and rentable conference room and event space. Additional amenities include a saltwater zero-entry pool and sundeck, fitness center, cedar sauna, playground, bark park, and preserve-like views across the site.<\/p>\n

\u201cGrove Park represents the type of high-quality community that aligns with our investment strategy,\u201d said Erin Knight, President of Monument Capital Management. \u201cThe demand for spacious, highly amenitized rental communities continues to expand in northern Florida, particularly in Tallahassee, and we look forward to building on that momentum through thoughtful enhancements and strong operational performance.\u201d<\/p>\n

Located in Southeast Tallahassee, one of the city\u2019s most sought-after submarkets, Grove Park offers convenient access to major employment centers including Tallahassee International Airport, Downtown Tallahassee, Florida State University, and the State Capitol. The community also benefits from its proximity to prominent retail centers, quality schools, and recreational venues, all accessible within a 25-minute drive.<\/p>\n

<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Monument Real Estate Services, an affiliate of Monument Capital Management, will manage the community. Monument Capital Management, an…\n","protected":false},"author":2,"featured_media":77314,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[26016,26017,26018,21125,43493,28,21128,43494,33547,17016,115,11685,232,1986,234,233,33548],"class_list":["post-77313","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tallahassee","tag-acquisition-financing","tag-berkadia","tag-class-a","tag-deal-boom","tag-duplex-style","tag-florida","tag-garden-style","tag-low-density","tag-monument-capital","tag-multifamily","tag-news","tag-renovation","tag-tallahassee","tag-tallahassee-florida","tag-tallahassee-headlines","tag-tallahassee-news","tag-value-add"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/77313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=77313"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/77313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/77314"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=77313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=77313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=77313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}