US - Jacksonville, FL
Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the marketing and sale of FireSkye (“The Property”), a value-add garden multifamily asset with Green Globe Certification situated proximate to the highly-coveted neighborhood of Summerlin. Completed in 1998, the community offers 324 residences featuring spacious, well-appointed living areas with a luxurious pool and mountain views. The community boasts sophisticated amenities, providing residents with an exclusive, boutique residential appeal. The Property is situated within the affluent community of Summerlin – one of the youngest and fastest growing communities in Las Vegas, consistently ranked as one of the top neighborhoods to live in the entire MSA. New residents and businesses continue to relocate here and add to the impressive population and commercial growth. Summerlin has become an epicenter for entertainment, open-air shopping, business, the entrepreneurial spirit, and a high quality of life. Summerlin is also located in one of the most attractive economic and multifamily investment markets in the nation. The Property is positioned to take advantage of the Las Vegas Metro’s strong tailwinds, as the MSA is projected to outperform the US in rent growth over the next several years. Diversified job growth, unmatched tourism assets, and strong population trends will ensure that Las Vegas, and FireSkye, remain an unmatched performer. Additionally, FireSkye offers a proven value-add opportunity, with 31% of units available to bring to a fully renovated scope, enabling investors to take advantage of strong market dynamics for multifamily in Las Vegas.