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7820 Baymeadows Road East

Updated Apr 22, 2026

Joe Lubeck Of American Landmark Apartments Acquires The Vale At Baymeadows For $42M
SOLDMultiFamily

Joe Lubeck Of American Landmark Apartments Acquires The Vale At Baymeadows For $42M

7820 Baymeadows Road East

$42,000,000

Units

276

Asset Type

MultiFamily

Closing

Apr 15, 2026

About this deal

AI

The Vale at Baymeadows is a multifamily apartment community located at 7820 Baymeadows Road East in Jacksonville, Florida. The property spans 23.22 acres and consists of 276 units, with a price per unit of $152,174. It was sold for $42 million by Resource Real Estate Opportunity OP II LP and financed with a mortgage of $37.97 million from PGIM Real Estate. The property was built in 2001 and features 14 buildings.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $42,000,000
  • Buyer: Joe Lubeck - American Landmark Apartments
  • Seller: Resource Real Estate Opportunity OP II LP
  • Lender: PGIM
  • Units: 276
  • PPU: $152,174
  • Acres: 23.22

Joe Lubeck represents American Landmark Apartments in this acquisition, highlighting the strategic investment in the Jacksonville multifamily market. The transaction reflects an affiliation with Blackstone Real Estate Income Trust, as the property was sold by its affiliate.

On the Map

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$42,000,000

MultiFamily

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Players

Joe Lubeck

American Landmark Apartments

Buyer

$627.8M

vol

16 deals

Buyer
PGIM
PGIM Lender
Bilt advertisement

Jacksonville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $152.2K per unit across 276 units on a published $42M (2026).

Visit Joe Lubeck to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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