JLL Capital Markets announced that it has arranged the sale of The Preserve, a newly constructed Class A+ 192-unit luxury multifamily community located near Downtown Jacksonville, Florida.
JLL worked on behalf of the seller, Becovic Management Group. The buyer was Safe Harbor Investments, LLC.
The Jacksonville market continues to demonstrate strong fundamentals with robust employment growth, particularly in the industrial sector where over 44 million square feet of industrial space exists within 15 minutes of the property, with several major developments planned nearby.
The Preserve, built in 2024, showcases elegant living spaces averaging 1,083 square feet, distributed across one-, two- and three-bedroom floor plans. Residents enjoy premium amenities including a resort-style pool with sun deck, 24-hour fitness studio, co-working space with WiFi, resident lounge with coffee bar and pet spa. Each apartment features sophisticated touches like open concept layouts, large windows with courtyard views, wood-style flooring, quartz countertops, stainless steel energy-efficient appliances and private screened-in patios or open-air balconies for enjoying the surrounding natural beauty.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Directors Cliff Taylor and Joe Ayers, Director Ryan Hixon and Associates Mike Scott and Tucker Brooks.
“The Preserve represents an exceptional multifamily investment opportunity in Jacksonville’s expanding market,” said Ayers. “Its strategic location near major employment centers, premium amenities, and beautiful natural setting make it a standout property in the region’s competitive multifamily landscape.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
