Laurel Pointe Apartments – REALIZED INVESTMENT
Class C+ workforce housing, value-add
Acquired: 2011 | Sold: 2018
Laurel Pointe is centrally located in Jacksonville with easy access to downtown employment centers as well as to the beach and its recreational opportunities.
Laurel Pointe units are very large with floor to ceiling windows overlooking grassy courtyards. The community offers a comfortable club room/cyber café and a sunny pool and lounge deck.
Lloyd Jones purchased the property in 2011 and sold it in 2018. Realized IRR was 21.83%.
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