Multifamily news in Jacksonville
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FL Student Housing Assets Secure $39M in Financing
Serving the University of Florida, the two student housing communities recently underwent major renovations to include new amenities. HFF worked on behalf of the borrower.
30 May 2019 15:58 -
Jacksonville Community Trades for $56M
Harbor Group International sold the 440-unit multifamily property. Walker & Dunlop originated a $41.4 million Freddie Mac loan for the new owner.
24 May 2019 13:45 -
Toro Real Estate Grows Jacksonville Presence
The Long Island-based company now has 756 units in the city, after adding three properties and 552 units in deals totaling $39 million.
23 May 2019 14:03 -
North FL Community Trades for $36M
Kimball Key LLC has received $27.1 million in financing for the purchase of Mandarin Apartments, a 401-unit garden-style asset in Jacksonville.
08 April 2019 07:25 -
North FL Value-Add Apartments Sell for $13M
NorthMarq Capital originated more than $8 million in acquisition financing through Freddie Mac for the purchase of the 100-unit Class B asset.
18 March 2019 10:04 -
Jacksonville-Area Community Changes Hands
AmveStar Capital paid more than $10 million for the 120-unit Class B community. The asset last changed hands in 2016 for $7.6 million.
14 March 2019 12:40 -
Bridge Investment Group Buys Senior Housing Portfolio
Located in Alabama, Florida, Georgia and Tennessee, the eight communities encompass 887 units with a total occupancy rate of 92 percent.
05 March 2019 13:03 -
Jacksonville Multifamily Report – Winter 2019
New apartments are being absorbed at a rapid pace across the metro, which ranks among the nation’s top major markets for rent growth.
26 February 2019 14:23 -
Jacksonville Value-Add Community Sells for $12M
The seller, Avesta Communities, acquired the Class C asset out of a foreclosure action in early 2012 for $3.4 million.
26 February 2019 09:53 -
Jacksonville Multifamily Market: Florida’s Rising Star
Rosendo Caveiro, senior vice president of Avison Young, shares his thoughts on what drives demand in the metro, potential challenges and expectations for the year ahead.
22 February 2019 12:50 -
Jacksonville Community Trades for $15M
The seller, DEL Development, purchased the asset in 2011. The new owner obtained more than $14 million in acquisition financing from The Bancorp Bank.
11 February 2019 13:29 -
Westside Capital Buys Jacksonville Property
The 176-unit multifamily asset changed hands for $13.2 million, which is more than 50 percent higher than the seller’s acquisition cost in 2014.
05 February 2019 12:23 -
Top 10 Florida Multifamily Completions in 2018
Almost 33,000 units were added to Florida’s multifamily markets last year, 1,300 more than the year before, with major developments completed in each of the state’s key metro areas.
04 February 2019 12:30 -
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