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The Ridley

Jacksonville, FL

Overview

Asset class

Real estate

Asset type

Multifamily

Strategy

Core plus

Funds

Update

New acquisition

May 18, 2021

This investment fits into our broader strategy to invest in affordably-priced rental housing across the Sunbelt.

Stabilized apartments in Jacksonville, FL

Location

Jacksonville, FL

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Asset type

Multifamily

Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.

Our strategy

Core plus

Acquire and operate stabilized, cash flowing properties

Expected variability of return: Moderate
Timing of expected return: Begin earning income shortly after acquisition
Primary expected source of returns: Rental income with some growth

More about our strategies

This section is intended to provide a general overview of the Core plus strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Associated fund

Closed Real estate

The Growth eREIT was the first equity eREIT Fundrise launched in 2016. Since the beginning, it has pursued opportunistic investments into affordably-priced residential assets located primarily across the Sunbelt.

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