Nathan Holdings is pleased to present Golden Shores of Jacksonville, a 355-unit, value-add offering in a high-demand Jacksonville location. Garden-type multi-family housing, consists of one-story and two-story buildings, for blue-collar residents. The property is close to major demand drivers such as the downtown CBD, the Butler Corridor/Deerwood Office Park, Jacksonville University, and the University of North Florida. Upgraded and newer properties nearby are getting $150 – $400 monthly rent premiums. The investor has the tremendous opportunity to achieve strong rent gains by ownership through the modest interior and community enhancements. The property is closely situated to another property we own, making property management cost-effective and efficient.
Jacksonville’s city is averaging 20,000 new jobs annually and net in-migration of approximately 30,000 residents per year. Fueled by its strong in-migration, along with state and local government support behind giving residents the ability to GET BACK TO WORK, Jacksonville leads the state in rent growth in 2020. Jacksonville represents a robust local economy in a state that is OPEN FOR BUSINESS. Assets like Golden Shores of Jacksonville are well-positioned to benefit from that growth.