Capital Square Acquires Multifamily Property In Jacksonville For $126.3M

Located at 200 Riverside Ave in Jacksonville, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Alex Coley and Charles Carliste. The deal took place on January 17, 2022, with Capital Square serving as the buyer and Bristol Development Group, represented by Charles Carliste, and Hallmark Partners, represented by Alex Coley, acting as the sellers.

Summary of transation details

• Property Type: Multifamily
• Sale Price: $126,300,000
• Number of Units: 308
• Price per Unit: $410,065

This transaction is significant, not only because of the high sale price but also due to the large number of units involved. The property, situated in the vibrant market of Jacksonville, attracted the attention of Capital Square as a valuable investment opportunity. Bristol Development Group, represented by Charles Carliste, and Hallmark Partners, represented by Alex Coley, made the decision to sell the multifamily asset at a favorable price.