Broadshore-led venture pursues $900m in multifamily investments

Broadshore Capital Partners (Broadshore), in a joint venture with an investment client, has acquired the 280-unit Victoria at Orange Park apartment community in Jacksonville, Fla., for $37.1 million. This is the first transaction through a new programmatic real estate investment joint venture focusing on equity and debt investments.

The new venture is targeting value-add opportunities in multifamily, such as Victoria at Orange Park, and other commercial properties. Over the next 30 months, the venture plans to make equity and debt investments ranging in size from $35 million to $75 million, in approximately eight to 12 properties. Broadshore is specifically targeting multifamily properties that will benefit from improved management and capital investments.

“Victoria at Orange Park is an example of a value-add multifamily investment that meets the criteria for our new joint venture. Broadshore’s team applied its expertise in multifamily investments, built over more