I never had the chance to share this huge milestone when it happened, as I was waiting for the green light from our legal team. But now, I am beyond excited to share the news: we’ve officially closed on the Portofino Club Apartments!
This stunning 230-unit, garden-style apartment complex located in Jacksonville, FL, is now part of the Blue Vikings Capital portfolio.
We are incredibly proud to have brought over 30 investors into this deal, negotiating fantastic returns within our fund. As always, I have personally invested in this opportunity, just as I do with every deal I bring to our investors.
Why did I choose Portofino Club Apartments?
Location, Location, Location! Situated in the affluent Hidden Hills neighborhood, it boasts proximity to major employment centers like the Hidden Hills Golf Club, Heritage Beach, Regency Square Mall, and downtown Jacksonville.
Strong Market Fundamentals: Jacksonville offers strong job growth, population expansion, and industry diversification. The area’s median household income of $83K and a rent/median income ratio of 20% further underscore its appeal.
Value-Add Potential: With plans for modernizing interiors and enhancing amenities, we anticipate significant rent growth, providing a great return on investment. The property’s high occupancy rate in the past 12 months demonstrates its desirability.
Exceptional Team: The success of this investment is backed by the stellar team at ATX Acquisitions, who have a proven track record with over 100 assets acquired, totaling over $2 billion in value. Their extensive experience and strategic vision will drive the success of this investment.
We are excited about the future of Portofino Club Apartments and look forward to seeing the positive impact this investment will have on our portfolio and our investors’ returns.
Thank you to all our investors for your trust and support. Here’s to great success together!
#bluevikingscapital #multifamilyinvesting #realestateinvesting #passiveinvesting #wealthbuilding #financialfreedom #happyinvestors
Partner of Net Lease Advisory firm The Boulder Group
2mogreat work.