US - Jacksonville, FL
The Wildwood is a 300-unit, brand-new construction garden-style community ideally located in the Richmond/Rosenberg submarket, proximate to some of the newest master-planned communities and growing commercial sector housing Fortune 500 companies, mid-size technology companies, and innovative start-ups. The Property was built in 2022 in close proximity to Highway 59, allowing for unparalleled connectivity across the city. The Richmond/Rosenberg submarket has experienced significant growth over the last twelve months, achieving a rental rate growth of 8.9% and absorbing 2.4% of the market in the past 3 months alone. With the city's continual westward migration driving elevated average household incomes and home values in a one-mile radius of the Property, this extraordinary product is well-positioned to experience significant rent-growth potential. Featuring floor plans with an average unit size of 950 sf, The Wildwood provides investors a chance to acquire highly differentiated, institutionally-built product in one of Houston's most coveted suburban neighborhoods with rental upside.