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ORLANDO-New York-based Brookfield Real Estate Management has acquired two apartment communities in Orlando and Ocala as part of a portfolio for $72.9 million. The communities acquired were the 342-unit Villa Tuscany Apartments at 753 Sherwood Terrace Drive in Orlando for $40 million, or $116,959 per unit, and the 328-unit Deerwood Village apartments at 1850 SE 18th Ave. in Ocala for $32.89 million, or $100,280 per unit.

The seller was New York-based Terragon Corp. Cushman & Wakefield senior director Jay Ballard was the lead broker in the sale, and senior directors Hal Warren and Enon Winkler, of Orlando, and Byron Moger, executive director in the Tampa office of Cushman & Wakefield, negotiated the transaction.

Built in 2002, Villa Tuscany Apartments is on 24 acres. The community features units with one bedroom and one bathroom that range in size from 736 to 808 sf, units with two bedroom and two bathrooms that range in size from 918 to 1,158 sf and units with three bedrooms and two bathrooms that are 1,342 sf. Rent information was not available.

Built in 2006, Deerwood Village is situated on 37 acres. The community has units with one bedroom and one bathroom that range in size from 499 to 919 sf and rent for $810 to $945, units with two bedrooms and two bathrooms that range in size from 1,021 to 1,242 sf and rent for $950 to $999 and units with three bedrooms and two bathrooms that range in size from 1,352 to 1,499 sf and rent for $1,100 to $1,250.

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