Topaz Plaza JAX

3780 University Club Boulevard, Jacksonville, FL, 32277

Acquired in Late 2019

Opportunity  to Add Value with Modern Amenities + Unit Upgrades

TOPAZ acquired this property with the same syndicate of domestic and international UHNWI and Family Offices partners in late 2019. The deal was structured with staggered hold periods with nuanced exit strategies; tiered and complementary renovation programs, thoughtful and diligent business plans to optimize returns. The debt and ownership structures were tailored to suit LP regulatory, tax and investment objectives. Flexibility in operating agreements accommodate our LP investor’s tax sensitivities and reporting requirements.

  • Acquired off-market after an unsuccessful marketing process, for a discount due to the assumption of un-attractive debt.
  • Located in the University area of Jacksonville Florida which provides the  lowest rental rates in the submarket.
  • Upon acquisition of the property, we upgraded the exteriors and tenant amenities of the property to create a more inviting atmosphere
  • Unique opportunity to purchase a cash flowing asset in the ever growing Jacksonville market at a discount to market price.
  • Property was Financed at a fixed interest upon closing

Property Website: https://www.topazplazajax.com

Number of Units: 290