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Florida & Gulf Coast  + North Florida  + Apartments  |  December 18, 2019
David Cohen
By: David Cohen

NKF Brokers $7M Sale of Jacksonville MF Portfolio

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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For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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