MIAMI – Lloyd Jones, a multifamily real estate investment firm has purchased the Anatole Apartment Homes in Daytona Beach. The 208- unit apartment community enjoys a central location at 1690 Dunn Avenue, near retail shopping and dining, and minutes to the beach.
The investment strategy is a light value-add program: upgrading units and creating expanded outdoor entertaining opportunities. Says Chris Finlay, chairman of Lloyd Jones, “It is always fun to provide new and improved amenities for our residents. I know they will love the results. And our investors will love the steady income and capital appreciation this property will provide.”
This is the firm’s third community in Daytona, after the Granite at Porpoise Bay and The Meetinghouse at Daytona Beach, a 55+ senior living complex. Says Finlay, “We’ve been in Daytona for ten years now. It’s a fabulous market. Our properties perform exceedingly well, and we are thrilled to continue to expand our presence here.”
As an owner/operator, Lloyd Jones manages its own properties with its long-established operations team, formerly called Finlay Management.
About Lloyd Jones
Lloyd Jones is a private-equity real estate firm that specializes in the multifamily and senior housing sectors. Building on thirty-eight years real estate industry, the firm acquires, manages, and develops multifamily real estate in growth markets throughout Florida, Texas, and the Southeast. Its investors include institutional partners, private investors, and its own principals.