Multifamily news in Jacksonville
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Fort Family Investments Lands $271M Refi for Jacksonville Portfolio
NorthMarq arranged the non-recourse Freddie Mac loans for five properties totaling 1,604 units.
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Blackstone Buys Upscale Jacksonville Community for $90M
The asset previously traded for nearly $55 million, when Canyon Capital Realty Advisors sold the 444-unit property in 2011.
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Jacksonville Community Changes Hands for $97M
Laramar Group acquired the 108-building property in the fast-growing city from CARROLL Organization.
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Jacksonville Multifamily Report – Fall 2020
The metro's average rate was up nearly 1 percent in the third quarter, significantly outperforming the national trend.
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Hampshire Properties Buys Jacksonville Community for $64M
This deal marks one of the largest value-add transactions in 2020 for the Jacksonville MSA.
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Starwood REIT Buys $645M of Affordable Housing
The trust managed by Starwood REIT Advisors has acquired two portfolios totaling 4,618 units in the Mid-Atlantic and Sunbelt regions.
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Affordable Jacksonville Community Lands $23M Refi
The city’s housing authority will use the funds to execute a $14.5 million renovation program.
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Jacksonville Community Trades in Value-Add Play
Creative Realty Partners sold the 216-unit suburban property after three years of ownership.
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Lynd Tapped to Manage Nearly 1,200 Units
The company is looking to bring occupancy rates up at three Houston properties and a Jacksonville, Fla., asset.
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Inland Real Estate Buys Upscale Jacksonville Community
KeyBank provided a $43 million Fannie Mae note for the purchase of the 350-unit property.
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RangeWater Expands Jacksonville-Area Master-Planned Community
The company is building Cadence at Nocatee, the second property within the Nocatee development in Ponte Vedra, Fla.
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Greystone Arranges Construction Financing for Jacksonville-Area Project
The 188-unit community in Yulee, Fla., is being developed by Davis Heritage.
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Jacksonville, Orlando Communities Trade for $72M
JLL provided more than $52 million in Freddie Mac acquisition financing for the 544-unit portfolio.
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Jacksonville Multifamily Report – Summer 2020
The metro's average rent slid 30 basis points in three months, underperforming against the U.S. average.
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Clarion Partners Lands $45M Refi for Jacksonville Community
The 488-unit The Enclave is some 9 miles from the University of North Florida and 13 miles from the city's downtown.