Market Rate Housing - Jacksonville
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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 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 -
Carter Multifamily Increases Jacksonville Footprint
The new owner paid more than $23 million for the 262-unit Class B community and plans to invest in capital improvements to reposition the property.
03 January 2019 09:48 -
National Property REIT Trades Jacksonville Community
Laguna Point Properties acquired the 204-unit Class B multifamily asset for nearly $25 million, financed with a $17.4 million acquisition loan.
21 December 2018 12:09 -
Quad Property Group Sells Jacksonville Community
A joint venture between Hyperion Endeavors and Think Multifamily purchased the 113-unit property for more than $7 million, with Arbor Realty Trust providing acquisition financing.
26 November 2018 16:03 -
PRG Trades Jacksonville Community
InvestRes picked up the 200-unit property for more than $21 million, financed by a $15.3 million Freddie Mac loan originated by Berkeley Point Capital.
26 October 2018 14:51 -
Jacksonville Development Lands $35M Financing
Waypoint Residential’s planned Volaris West Kernan community will add 301 market-rate apartments to the Southridge submarket’s inventory of approximately 4,100 units.
12 October 2018 13:30 -
Jacksonville Community Changes Hands
Mody Real Estate Group traded the nearly 200-unit property for almost $11 million, providing a 3-year acquisition loan to the buyer.
18 September 2018 14:06 -
Fogelman JV Expands Southeast Portfolio
In conjunction with Thackeray Partners, the firm purchased Legends at Charleston Park in Charleston, S.C., and Westridge in Jacksonville, Fla., for a total of $67 million.
14 August 2018 14:12 -
Quad Property Group Expands FL Footprint
The company paid $10.8 million for a 152-unit value-add community in Jacksonville, financed by a nearly $8 million Fannie Mae loan.
09 August 2018 18:45 -
Passco Pays $70M for Jacksonville Apartments
Waypoint Residential and Rohdie Management developed the 13-building, 380-unit Point at Tamaya in Florida, which opened its doors in October 2017.
10 July 2018 19:07