JTB Apartments Sale Sets Jacksonville Record of $237,857

Sep 15, 2020

Chicago-based Inland Real Estate Investment Corp. paid $83.25 million Sept. 11 for the 350-unit JTB Apartments at 8876 AC Skinner Parkway near the Deerwood Office Park and St. Johns Town Center.

WJCT News partner the Jacksonville Daily Record reports JTB Apartments sold for $237,857 per unit, a record in the Jacksonville area. The previous record of $228,448 per unit was set by the sale of the 348-unit The Elysian, formerly the Sentosa Beachwalk, in the Beachwalk community in St. Johns County.

Both communities were built in 2019.

Brian Moulder and Dhaval Patel, multifamily sector specialists with Walker & Dunlop in Jacksonville, brokered the sale. Moulder and Patel also brokered the sale of The Elysian and the 306-unit Ravella at Town Center that sold Dec. 3 for $221,421 per unit.

Read the rest of this story at JaxDailyRecord.com.