10/15/2026
SOLD. 931 Rubel and 2892 College Streets, 20 units for our out-of-state investor client.
A seasoned investor in California, Nevada, and Michigan. So why Jacksonville? Timing.
After years of heavy building, the construction pipeline has nearly dried up. About 2% of inventory is under construction now, down from almost 12% in early 2023. Rents posted their first year-over-year gain in three years this spring, and CoStar ranks Jacksonville in the top three nationally for apartment market momentum.
Add a growing young renter population, strong income growth, and affordability most of the Southeast can’t match, and he wanted in before prices caught up.
A big thank you to Steven McAdoo of McAdoo Multifamily, who represented the sellers. He was fantastic to work with from start to finish. Thank you to Tatiana Fenn of Blackbook Properties in Miami for trusting us with this referral, and to Jared, one of my oldest friends, for making the connection. Deals like this take a team, and we had a great one.