Investcorp Acquires 420-Unit Multifamily Property In Jacksonville From RangeWater Real Estate

The multifamily property located at 12310 Seacrest Lane in Jacksonville has been sold. The transaction took place on 12/21/2020.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $72,750,000
• Address: 12310 Seacrest Lane, Jacksonville
• Market: Jacksonville

The buyer of the property was Investcorp, while the seller was RangeWater Real Estate. The deal was facilitated by the brokers Brian Moulder, Bobby Gatling, and Dhaval Patel, who represented both parties in the transaction. The brokerage involved in the deal was Walker & Dunlop.

The property consists of 420 units, with a price per unit (PPU) of $173,214.