Joe Lubeck Of American Landmark Apartments Acquires Vinoy At St. Johns In Jacksonville For $66.36M

The multifamily asset located at 12310 Seacrest Lane, Jacksonville, encompasses 27.22 acres and consists of 420 units. The property was purchased for $66,360,000, translating to a price per unit of $158,000. Built in 2007, the complex includes one- to three-bedroom units along with amenities such as a pool, fitness center, and clubhouse.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,360,000
• Units: 420
• Price Per Unit: $158,000
• Seller: Mohammed Alardhi - Investcorp
• Buyer: Joe Lubeck - American Landmark Apartments
• Date of Transaction: 10/08/2025
• Market: Jacksonville

Joe Lubeck represented American Landmark Apartments in the acquisition of the property from seller Mohammed Alardhi, who represented Investcorp. The property is located in a market recognized for its multifamily investment potential, reflecting the strategic choices made by both parties in this transaction.