Walton Street Capital took control of a second apartment community in Jacksonville on Dec. 9, The Sagefield.<\/p>\n
The deed-in-lieu of foreclosure transaction occurred the same day the Chicago-based real estate investment firm acquired The Felix apartments in South Jacksonville, through the same process and from the same owner.<\/p>\n
Both properties were conveyed by ApexOne Investment Partners of Houston.<\/p>\n
The Sagefield is in North Jacksonville at 13283 N. Main St.<\/p>\n
The 234-unit community is just north of Airport Center Drive, about a half-mile east of River City Marketplace.<\/p>\n
Walton Street took over the property through WSFB Sagefield Owner LLC.\u00a0<\/p>\n
The Sagefield was conveyed by ApexOne through Sagefield (Jacksonville) Owner LLC .<\/p>\n
ApexOne\u2019s loan on the property with accrued interest was $49.74 million. ApexOne bought the property in May 2022 for $45.45 million.<\/p>\n
Built in 2022 on 8.39 acres, The Sagefield has one-, two- and three-bedroom apartments from 632 to 1,450 square feet. There are 13 floor plans. The three-bedroom has three bathrooms.<\/p>\n
The community has two four-story apartment buildings as well as two-story carriage homes with tuck-under garages.<\/p>\n
Monthly rents are $1,615 to $2,393, according to apartments.com.<\/p>\n
Amenities include a fitness center, pet park, package room, pool, gate access and coworking spaces.<\/p>\n
The Felix<\/strong><\/p>\n For The Felix, ApexOne bought the property in May 2022 for $65.81 million and owed $67.35 million.<\/p>\n The 280-unit community is at 11723 Wells Creek Parkway at Philips Highway about 1.3 miles southeast of Florida 9B.<\/p>\n Walton Street Capital took over the property through WSFB Felix Owner LLC.<\/p>\n According to its website and property records, ApexOne owns one remaining property in Jacksonville, The Landings at Lake Gray apartments.<\/p>\n The 300-unit community, built in 2005, is at 6500 Lake Gray Blvd. in West Jacksonville. The site is southeast of the Collins Road and Interstate 295 interchange.<\/p>\n ApexOne bought the property for $34.62 million in 2019 through a partnership with Balfour Beatty Communities.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Walton Street Capital took control of a second apartment community in Jacksonville on Dec. 9, The Sagefield. The…\n","protected":false},"author":3,"featured_media":468471,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5136],"tags":[5229,3188,723,7310,67,586,132,5230,68,2969],"class_list":{"0":"post-468470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jacksonville","8":"tag-america","9":"tag-fl","10":"tag-florida","11":"tag-jacksonville","12":"tag-united-states","13":"tag-united-states-of-america","14":"tag-unitedstates","15":"tag-unitedstatesofamerica","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115773490142421887","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/468470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=468470"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/468470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/468471"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=468470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=468470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=468470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}