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JACKSONVILLE, FLA. — Mesa Capital Partners has acquired The Julington in the Mandarin neighborhood of Jacksonville. Developed in 2023 by local firm RISE Development, the 260-unit property features coworking spaces, a resort-style pool, pet spa, a garden and more.
Financing for the acquisition was arranged through Walker & Dunlop’s Atlanta office. Pegasus Residential will oversee day-to-day property management.
Atlanta-based Mesa Capital owned approximately 800 units in the Jacksonville metro area between 2013 and 2021. The acquisition of the Julington marks the investment and development firm’s re-entry to the market. Seller RISE Development moved its headquarters from Valdosta, Georgia, to Jacksonville in 2022.