Harbor Group International acquires Jacksonville multifamily community
Transactions - JUNE 5, 2024

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Harbor Group International acquires Jacksonville multifamily community


Affiliates of Harbor Group International (HGI) announced the acquisition of Ascend at Durbin Creek, a newly built 350-unit multifamily property located in the South Jacksonville suburb of St. Johns, Fla. The property is in lease-up and 86.5 percent occupied as of May 2024.

Ascend at Durbin Creek is proximate to major employment centers of Jacksonville, including Flagler Center and Southside, which together provide upward of 126,000 jobs. Notable employers in the area include Baptist Health South, Citi, Deutsche Bank, JPMorgan and Bank of America/Merrill Lynch. Residents are also a short drive to Pavilion at Durbin Creek, an open-air retail strip center with more than 700,000 square feet of retail with Phase II to be delivered over the next several years.

Developed in 2023, the property features stainless steel appliances, quartz countertops, modern tile backsplash, hardwood-style flooring, large walk-in closets and screen-in patios/private yards. The property also offe

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