Apartment fundamentals in the Jacksonville MSA are solid. According to CBRE Econometric Advisors, employment gains in the market have been steady over the past few years and should continue to have a positive effect on the apartment market.

Williams joins Walker & Dunlop Investment Sales after having previously served as a SVP with CBRE's Tampa multi-housing group. Earlier in his career, he was a director of real estate investments at Camden Property Trust.

High Street Realty Co. sold the property on Tampa's Eastside for $69.5 million, according to Cushman & Wakefield.

The 454-unit Tampa, FL portfolio is the first joint venture transaction between the two firms.