Deerwood Park apartments in Jacksonville A Miami firm acquired a 15-year-old apartment complex in Jacksonville for $40.8 million, the Jacksonville Times-Union newspaper. Lloyd Jones Capital, a Miami-based rental property investment firm, acquired the 282-unit Deerwood Park complex for about $145,000 per apartment. A spokeswoman for Lloyd Jones Capital told the Times-Union that the firm plans […]
MIAMI – Lloyd Jones Capital, a Miami-based multifamily investment firm, has purchased the Jackson Square apartment community in Tallahassee, the Florida state capital. The property is located at 1767 Hermitage Boulevard which connects Thomasville Road and Capital Circle, NE, just south of I-10. The 242-unit acquisition brings the Lloyd Jones Capital portfolio to 4,500 units […]
Lloyd Jones Capital has acquired Seabrook, Texas-based Regatta Bay Apartments. The seller was FRBH Regatta Bay LLC. No financial terms were disclosed. Finlay Management, the operations group at Lloyd Jones Capital, will serve as the property manager. PRESS RELEASE MIAMI, Fla. – Lloyd Jones Capital, a Miami-based multifamily investment firm, has purchased the Regatta Bay Apartments from FRBH Regatta […]
“The golden era [of stocks and bonds] has now ended,” says a McKinsey & Company report issued last year. The report suggests that returns on equities and fixed-income investments could see significant decreases – up to 400 or 500 basis points over the next twenty years. According to the report, this will affect everybody, from […]
“The golden era [of stocks and bonds] has now ended,” says a McKinsey & Company report issued last year. The report suggests that returns on equities and fixed-income investments could see significant decreases – up to 400 or 500 basis points over the next twenty years. According to the report, this will affect everybody, from pension funds that will face larger funding gaps; asset managers who will see lower fees; and insurers whose earnings depend on investment income. And on a personal level, the new generation of retirees will retire later and with less income. Investors are seeking alternatives.
MIAMI – Lloyd Jones Capital has announced that Raul Ramirez has joined the private equity real estate firm as chief financial officer. Chairman/CEO, Chris Finlay, says “These are exciting times in the multifamily investment world. Lloyd Jones Capital specializes in very compelling investment strategies, namely workforce housing and senior living. Raul will serve on our […]
Out-of-state investment groups continued their interest in Orlando’s multi-family housing with recent purchases that include:
Three Orlando apartment complexes — including one that just debuted in late 2014 — sold to investors from the nation’s East and West coasts. An affiliate of Irvine, Calif.-based real estate investment firm Passco Cos. LLC spent nearly $55 million to buy one of Central Florida’s first new transit-oriented developments, The Ivy Residences at Health Village, Orange County records showed.
CAMBRIDGE, MA—Harvard University’s annual study of rental housing was on the industry’s radar again this past week, as Lloyd Jones Capital CEO Chris Finlay sent out an open letter via email, summarizing his impressions of the study. Originally published this past December, the study from Harvard’s Joint Center for Housing Studies notes that renter households now number nearly 43 million out of 116 million US households.
