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JACKSONVILLE, FLA. — Blue Rock Premier Properties LLC has purchased The Reserve at Beach Boulevard, a 360-unit apartment community located at 11990 Beach Blvd. in Jacksonville. Blue Rock Premier purchased the property from LLJ Multifamily Ventures for $24.6 million. The Tampa-based buyer plans to invest about $3.8 million in exterior and interior upgrades at The Reserve at Beach Boulevard, which will be rebranded as The Park at Levanzo. The asset was 95 percent occupied at the time of sale. Dhaval Patel and Brian Moulder of CBRE’s Jacksonville office brokered the off-market transaction. ARES Capital Corp. provided debt financing on behalf of Blue Rock Premier.