Jazco Property Management RAS Realty Partners Klein Enterprises Buy Exchange At Orange Park Apartments For $52M

The multifamily property located at 4925 Collins Road in Jacksonville comprises 312 units across 16.84 acres. The asset was sold for $52 million, equating to $166,667 per unit. It was constructed in 2023 and is recognized as the Exchange at Orange Park apartments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,000,000
• Address: 4925 Collins Road
• Market: Jacksonville
• Square Footage: 312
• Price Per Square Foot: $166,667
• Buyer: Jazco Property Management, RAS Realty Partners & Klein Enterprises
• Seller: Hathaway Development
• Lender: MF1 Capital
• Financing Amount: $44,800,000

The deal involved buyers Jazco Property Management, RAS Realty Partners, and Klein Enterprises, who financed the acquisition with a mortgage from MF1 Capital. Hathaway Development acted as the seller in this transaction, marking a significant event in the Jacksonville real estate market.