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Atlas Real Estate Partners Acquires Fl Property

by posted 1year ago 41 views
The company purchased Pier 5350, a 400-unit community in Jacksonville, and plans to make green upgrades to the property. : Attracted by the market’s strong apartment fundamentals including population, income and employment growth as well as the asset’s value-add potential, Atlas Real Estate Partners made its first multifamily acquisition in Jacksonville, Fla., with the purchase of the 400-unit Pier 5350. The seller was 29th Street Capital, a privately held real estate investment firm from Chicago which had owned the property since Dec. 30, 2016. The garden-style community is located at 5350 Arlington Expressway near the Mathews Bridge.

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