Hilltop Residential Investments Acquires Multifamily Property In Jacksonville For $26M

Located at 3580 Pall Mall Drive in Jacksonville, the multifamily property was recently sold in a closed transaction. The property consists of 152 units, offering a PPU (price per unit) of $171,053. The deal was completed on April 22, 2021, with a total transaction amount of $26,000,000. The property was purchased by Hilltop Residential Investments, represented by Greg Finch and David Wylie. The seller, JMJ Property Holdings, facilitated the transaction.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Units: 152
• Price per Unit: $171,053
• Date: April 22, 2021
• Address: 3580 Pall Mall Drive
• Market: Jacksonville

The transaction was finalized between Hilltop Residential Investments, represented by Greg Finch and David Wylie, as the buyers, and JMJ Property Holdings as the sellers. This successful deal marks an important milestone in the Jacksonville property market, showcasing the continued growth and investment opportunities in the multifamily sector.