December 18, 2019
NKF has arranged the $6.7 million sale of the 122 West Portfolio, a five property, 122-unit multifamily portfolio in Jacksonville. The sale completes a 254-total unit acquisition by JTA Real Properties brokered by NKF, totaling $14 million.
Built in 1971-75, the 122 West Portfolio features original and renovated interiors offering value-add upgrades. The previously-purchased properties include Kingsbury Apartments, a 20-unit community, and Linda Apartments & Villas at the Woodlands, a two property, 112-unit value-add portfolio.
John Rutherford of NKF represented the seller, Toro Real Estate Partners, in the sale of 122 West to JTA Real Properties.
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