The 300-unit Steele Creek community in Jacksonville, FL. The 300-unit Steele Creek community in Jacksonville, FL.

JACKSONVILLE, FL—RST Development has entered the Jacksonville multifamily market with the $63.4-million purchase of the 300-unit Steele Creek Apartments community here, which brokers say is the highest-per-unit price paid for a suburban multifamily asset in Northeast Florida.

The newly developed property was sold by AC Packer West, which was represented in the transaction by CBRE’s Joe Ayers, Cliff Taylor and Shelton Granade. The deal calculated out to $211,333 per unit.


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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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