Multifamily news in Jacksonville
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North FL Community Changes Hands
The 96-unit multifamily asset, completed in 1963, traded for $6 million, more than doubling the seller’s return in two years.
18 January 2019 11:50 -
Jacksonville Development Gets $39M Construction Financing
Crest Residential’s 256-unit project is estimated to break ground in the spring, financed by a five-year loan from Protective Life Insurance Co.
17 January 2019 13:41 -
Newly Built Jacksonville Community Trades for $54M
Hunt Real Estate Capital provided the buyer, EBSCO Income Properties, with more than $36 million in Fannie Mae acquisition financing.
15 January 2019 14:44 -
Jacksonville Community Gets $30M Refi
HFF originated the 10-year Freddie Mac mortgage for Beachwold Residential, the owner of the 288-unit luxury community. The loan retires a prior CMBS loan.
11 January 2019 10:09 -
Carter Multifamily Increases Jacksonville Footprint
The new owner paid more than $23 million for the 262-unit Class B community and plans to invest in capital improvements to reposition the property.
03 January 2019 09:48 -
National Property REIT Trades Jacksonville Community
Laguna Point Properties acquired the 204-unit Class B multifamily asset for nearly $25 million, financed with a $17.4 million acquisition loan.
21 December 2018 12:09 -
Praedium Group Expands Jacksonville Footprint
The firm has almost doubled its profile in the city with the nearly $47 million acquisition of the 246-unit luxury community.
11 December 2018 17:43 -
Fogelman Increases Jacksonville Footprint
Gamma Real Estate sold the 268-unit Class A community for more than $40 million, with Greystone providing acquisition financing to the buyer.
29 November 2018 11:57 -
Quad Property Group Sells Jacksonville Community
A joint venture between Hyperion Endeavors and Think Multifamily purchased the 113-unit property for more than $7 million, with Arbor Realty Trust providing acquisition financing.
26 November 2018 16:03 -
First Coast Fires On All Cylinders in Jacksonville
Development activity is at a high point in the metro, with more than 2,300 apartments scheduled to come online by year's end.
20 November 2018 15:53 -
Jacksonville Community Changes Hands for $20M
The seller, Kite Realty, completed the 130-unit luxury property in 2017. The new owner took a $13.3 million acquisition loan from Thrivent Financial.
08 November 2018 18:20 -
Ability Housing Begins Work on 80-Unit Affordable FL Property
Dubbed Village at Hyde Park, the $18.7 million project in Jacksonville’s Westside submarket is slated for delivery late next year.
02 November 2018 13:17 -
North FL Affordable Housing Portfolio Changes Hands for $51M
The portfolio includes four communities totaling 768 units across three of Jacksonville’s submarkets. The new owner, Millenia Housing Management, plans to invest $40 million in capital improvements.
02 November 2018 13:11 -
PRG Trades Jacksonville Community
InvestRes picked up the 200-unit property for more than $21 million, financed by a $15.3 million Freddie Mac loan originated by Berkeley Point Capital.
26 October 2018 14:51 -
Jacksonville Affordable Community Opens Doors
The Vestcor Cos.’ 96-unit senior living asset—the first in Clay County—welcomed its first residents, approximately one year after breaking ground.
16 October 2018 11:30