Jacksonville
Savlan Capital Pays $28M for Jacksonville Community
The new owner plans to invest $4.3 million in interior and exterior renovations at the 332-unit property.
Metro Jacksonville Community Changes Hands
Proxima Asset Management sold a 120-unit garden-style community in Orange Park, Fla. Cushman & Wakefield assisted the seller in the transaction.
Jacksonville Community Changes Hands for $25M
Opal Holdings sold the 288-unit multifamily asset located 2 miles west of Regency Plaza Shopping Center.
Arch Cos. Expands Jacksonville Footprint With $40M Purchase
The company closed its second major value-add acquisition in a week, growing its local portfolio with 692 units.
Value-Add Jacksonville Community Sells for $14M
Newmark Knight Frank assisted InvestRes in the disposition of the 176-unit asset located in the St. Nicholas neighborhood.
Jacksonville Multifamily Report – Summer 2019
The metro’s rental market is on a roll, sustained by steady employment gains and ongoing net in-migration.
Affordable Jacksonville Community Sells for $19M
Alden Torch Financial sold the 224-unit asset in Southridge. Newmark Knight Frank provided acquisition financing for the buyer through Freddie Mac.
FCP Adds to Florida Portfolio With $29M Buy
The real estate investment company bought the 396-unit community in Jacksonville in an off-market transaction.
American Landmark Sells Jacksonville Apartments
The 300-unit Landings at Lake Gray was originally purchased by the firm for $31 million back in 2017. CBRE brokered the transaction.
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.