Capstone Brokers $9.24 Million Multi-Family Sale in Deltona, FL

Apartment building closing graphic for Lofts at Halifax in Deltona, FL

Multi-Family Sale: Capstone Brokers $9.24 Million Development Site in Deltona, FL

Deltona, Florida – Capstone Companies, a leading multi-family investment sales brokerage firm, announced the successful sale of a development site in Deltona for $9.24 million. The site, located at the northeast corner of the intersection of Interstate 4 and State Road 472, sold by Trafalgar Holdings LLC to Village Capital Corporation, an affiliate of the Pedcor Companies. The Pedcor Companies have been in the business of multi-family development, construction, and management since 1987. Today, the Pedcor Companies developed more than 28,000 units across 23 states including Florida.

Capstone Companies’ Brian Hunsicker, Nasser Al-Hafi, and Cameron Hooper represented the seller in the transaction. “Capstone successfully navigated multiple hurdles with this assignment due to the over-arching market headwinds that we are facing in the Capital Markets. “This sale is the culmination of a multi-decade long endeavor by our seller to create a regional economic powerhouse providing jobs, housing and hospitality to the immediate area,” said Hunsicker.

The development site is adjacent to Halifax Health | UF Health – Medical Center of Deltona and is expected to generate significant interest from local renters. “The population growth and outward residential expansion from Orlando and Daytona Beach have made this Deltona/Orange City submarket an increasingly attractive location for development,” said Al-Hafi.

Village Capital Corporation intends to develop a 272-unit apartment community with a full amenity package including a resort-style pool deck, clubhouse, and covered parking. “Village Capital Corporation is thrilled to announce our official expansion into Florida via the acquisition of our first development site in Deltona. As long-term developer-operators, this best-in-market location within Halifax Crossings will be a great place to deliver our product and have a front row seat to the continued growth of this exploding corridor,” said Troy Meyers, VP of Development with Village Capital Corp.

About Capstone

Capstone Companies is a national leader in multi-family investment sales and boasts more than 20 offices nationwide and over $12 billion in transactions. To learn more about Capstone Companies, please visit

Media Contact

For more information, please contact:

Brian Hunsicker
Senior Advisor at Capstone Companies

Compare listings