Multifamily news in Luxury Housing - Jacksonville
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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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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.
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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.
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Newly Built Jacksonville Community Trades for $54M
Hunt Real Estate Capital provided the buyer, EBSCO Income Properties, with more than $36 million in Fannie Mae acquisition financing.
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Jacksonville Community Gets $30M Refi
HFF originated the 10-year Freddie Mac mortgage for Beachwold Residential, the owner of the 288-unit luxury community. The loan retires a prior CMBS loan.
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Praedium Group Expands Jacksonville Footprint
The firm has almost doubled its profile in the city with the nearly $47 million acquisition of the 246-unit luxury community.
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Fogelman Increases Jacksonville Footprint
Gamma Real Estate sold the 268-unit Class A community for more than $40 million, with Greystone providing acquisition financing to the buyer.
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Jacksonville Community Changes Hands for $20M
The seller, Kite Realty, completed the 130-unit luxury property in 2017. The new owner took a $13.3 million acquisition loan from Thrivent Financial.
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LIV Development Offloads FL Asset
The buyer, Myers Apartment Group, picked up the newly built 260-unit property for more than $50 million prior to the asset’s stabilization.
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Praedium Group Snags $57M FL Asset
The company acquired the 300-unit Views at Harbortown in Jacksonville, Fla., which features one-, two- and three-bedroom floorplans ranging from 713 to 1,570 square feet.
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Trimark Breaks Ground on $14M Luxury Community
Cascades Luxury Apartments is a $14 million development near the University of Florida. The community is the second ongoing project for the real estate company and it is slated for completion by the middle of 2018.
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Carroll Organization Completes Sale of 8-Property Portfolio
The company has purchased 32 properties totaling more than $1.5 billion since the beginning of 2015.
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New Resort-Style Community En Route to Jacksonville
Integra Land Co. and LandSouth Construction are teaming up to develop Integra River Run, located in a master-planned community in the expanding Northside submarket.
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Three Luxury Student Housing Communities Near UF Get $22M Refi
Three luxury communities serving University of Florida students received the loan, thanks to Walker & Dunlop.