Multifamily news in Jacksonville
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Jacksonville Community Changes Hands for $22M
KCB Management sold the 256-unit property for more than double the price it traded for in 2013. Berkadia originated more than $17 million in acquisition financing.
29 July 2019 14:32 -
Jacksonville Community Trades for $13M
Berkadia originated nearly $11 million in Freddie Mac acquisition financing for the buyer of the 162-unit partially affordable property in the southeastern part of the city.
08 July 2019 13:17 -
EJF Capital Bets on $86M Jacksonville Opportunity Zone Project
The alternative asset manager has joined forces with Chance Partners on the 486-unit community in the city's San Marco neighborhood, adding to a string of deals in tax-friendly areas.
02 July 2019 13:39 -
Jacksonville Value-Add Community Changes Hands for $35M
The new ownership will invest more than $5 million to upgrade and reposition the 444-unit multifamily property as Topaz Villas JAX.
24 June 2019 12:08 -
JV Acquires 440-Unit Jacksonville Multifamily Asset
Berkadia negotiated the deal on behalf of the buyer and secured acquisition financing. The 2008-built property will undergo a $4.9 million renovation.
20 June 2019 07:27 -
Jacksonville Property Commands Record Per-Unit Price
RST Development purchased the luxury community for $63.4 million, or $211,333 per unit, the highest price per unit ever paid for a Northeast Florida suburban asset. CBRE represented the seller.
14 June 2019 11:01 -
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