Jacksonville
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.