Blue Rock Premier Properties Buys 2 Apt. Complexes for $48M

Blue Rock Premier Properties recently purchased 2 apartment buildings in Jacksonville’s Southside for $48M. Both apartment communities will be re-branded and renovated. The assets included the 284 unit Landmark at Hampshire Place and 248 unit Landmark at Sage Commons. The company made another large portfolio purchase back in October of 2015, when they bought a 1,040 unit portfolio for $64.8M. The founder was quoted saying “The Jacksonville market will continue to be a major focus for us in 2016 and beyond, as well as Tampa, Orlando and Fort Myers”.

Derek Gilliam with the Jacksonville Business Journal covered the story.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on February 19, 2016, in JAX Business Journal, Multifamily, Transactions, Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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