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OCALA, FLA. — Marcus & Millichap (NYSE: MMI) has negotiated the sale of Paddock Apartments, an 85-unit community in the central Florida city of Ocala. Paddock Apartments is located at 1900 SW 31st Ave. and consists of 19 buildings. Apartments come in one- and two-bedroom layouts. Red Knight Ocala sold the property to Paddock Apartments 85 for $11.2 million. Jason Hague and Ned Roberts of Marcus & Millichap’s Tampa office marketed the asset on behalf of the seller and procured the buyer.