BR Beach House Acquires Multifamily Property In Jacksonville For $67.3M

The multifamily property located at 1300 Shetter Ave in Jacksonville was recently sold for a total of $67,300,000. The sale, which took place on November 11, 2021, involved a total of 228 units. With a price per unit of $295,175, this transaction represents a significant investment in the Jacksonville market by the buyer, BR Beach House.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $67,300,000
• Address: 1300 Shetter Ave
• Market: Jacksonville

The seller in this transaction was Bluerock Value Exchange, with Jeffrey Schwaber acting as their representative. This deal showcases the confidence in the Jacksonville multifamily market, as it involves a substantial number of units and a high sale price. The buyer, BR Beach House, saw the potential in this asset and seized the opportunity to make a strategic investment.