Pelican Point

Description

A 160-unit market rent property located in Jacksonville, Florida. Property was acquired and capital improvements are currently underway to address deferred maintenance while modestly upgrading units to accelerate rent growth. Operational improvements are also occuring and stabilization expected by end of 2016.

City
Jacksonville
State
Florida
Aquisition date
December 2015
Number of units
160
Surface area
7572 m2
Fair value
6.6 Mio USD