The sale involved the acquisition of the Kensley Apartments, a 300-unit multi-family complex located at 6371 Collins Road, Jacksonville. The transaction was completed for $49 million, with a price per unit of $163,333. The complex consists of 17 buildings, offering units that go up to 1,322 square feet and features amenities such as a pool, clubhouse, gym, and dog park.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $49,000,000
• Units: 300
• Price Per Unit: $163,333
• Address: 6371 Collins Road
• Market: Jacksonville

George Gatch from J.P. Morgan Asset Management acted as the buyer in this transaction. The investment reflects J.P. Morgan's commitment to expanding its presence in the multi-family real estate market, further enhancing its portfolio with the addition of the Kensley Apartments.