Stabilized Real Estate
Residential - The Beach House Apartments
PURCHASE PRICE
$67M
SIZE
228 Units
LOCATION
Jacksonville, FL
ACQUISITION DATE
Q4 '21

Investment Highlights

  • 228-unit, 2009-vintage garden style multifamily complex located in the Jacksonville Beaches submarket of Jacksonville, FL
  • Property features luxury interiors, private patios and balconies, and a variety of modern amenities including a swimming pool, fitness center and business center
  • Property is advantageously located in close proximity to Jacksonville’s popular beachside entertainment and shopping destinations
  • Expect asset to benefit from limited new supply, strong multifamily demand, and net in-migration, with potential upside from select, modest unit renovations

(1) As of October 31, 2022.