Real Estate

Waypoint Sells Jacksonville Apartments For $66M

by multihousingnews.com posted 5months ago 25 views
The buyer financed the 301-unit Class A acquisition with a $36.4 million loan from KeyBank. : RSE Capital Partners has paid $66.3 million for Volaris West Kernan, a 301-unit Class A community in Jacksonville, Fla., according to records filed with Duval County. KeyBank financed the purchase with a $36.4 million loan. The seller was Waypoint Residential. The property at 12517 Beach Blvd. opened its doors early last year. Waypoint developed the garden-style community’s 17 buildings, backed by $34.6 million in construction financing from Truist Bank, according to Yardi Matrix. Summit Contracting Group was the general contractor.

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