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TPEG FUNDS ACQUISITION OF MULTIFAMILY COMMUNITY IN JACKSONVILLE, FL

April 1, 2019

 

TPEG partnered with S2 Capital to recapitalize and renovate the Tree House Apartments, located in Jacksonville, FL. The project is a 1973-vintage, 458-unit asset that has been partially renovated by S2 and a previous equity partner. TPEG will recapitalize the equity position and finish renovations while repositioning the asset. This required $15.00 million of TPEG capital and closed on 4/1/2019.

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