Arbor Place ApartmentHomes

JACKSONVILLE, FL—ROI Capital Group has purchased Arbor PlaceApartment Homes, a 206-unit multifamily property here from anundisclosed seller. Cushman & Wakefield arranged the sale ofthe property in the fast-growing Southside submarket and the assetpresents a significant value-add opportunity for the new-to-marketbuyer.

Arbor Place, at 5800 Barnes Road S., is a two-story,garden-style community with a mix of one- and two-bedroom units.The average unit size is 850 square feet, and the average marketrent is $768. The property was 95% occupied at the time ofsale.

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Multifamily
Southeast