Jacksonville Gets Rebranded Apartment Complex

Jacksonville Gets Rebranded Apartment Complex

It is no secret that developers in Jacksonville have been working hard to come up with some decent solutions to fix the shortage of housing we have here in town. There are several reasons why more and more people are moving to this area of Florida, and, of course, they are all looking for housing in various price points. A recent apartment complex transaction will not do much to add to overall housing levels, but it may be a signal that new developers are now looking at our area as a potential place to invest in new housing. Here is the first bit of this story:

“JACKSONVILLE, FL – Robbins Electra, a national multifamily owner-operator that has been rapidly growing its portfolio over the past 12 months, announced the strategic acquisition of yet another quality multifamily asset in Florida: Maple Glen, a 358-unit apartment community in Orange Park, Florida. The property was purchased from Starwood, and will be rebranded as The Parkland at Orange Park.”

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