redIQ Deal Highlight: Capital Square Acquires Vista Brooklyn Apartments
redIQ Deal Highlight: Capital Square Acquires Vista Brooklyn Apartments
redIQ would like to congratulate the team at Capital Square for finalizing the acquisition of Vista Brooklyn Apartments in Jacksonville, Florida for $126.3 million. The 10-story, 308-unit community was purchased from Bristol Development Group after recently being completed just last year.
As the second-hottest housing market in the country, Jacksonville has seen tremendous growth over the last year, especially when it comes to multifamily rents - seeing a 17.4% increase in the second quarter of 2021. Other recent transactions in the area include Cross Creek Apartments, Riverview Apartment Homes and The Columns.
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For over ten years, redIQ has provided a comprehensive and dependable underwriting service for multifamily acquisitions teams, brokers, and lenders focused on mid and large-size assets. redIQ's solutions lead the industry and support the full underwriting process, from standardizing financial documents to producing a final valuation. With our system, analysis takes less time and decision makers can move forward with greater confidence. redIQ users can close more deals, produce better returns, and spend less time worrying about downside.
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