WOOD PARTNERS ACQUIRES MULTIFAMILY PROPERTY IN JACKSONVILLE, FLA.

JACKSONVILLE, FLA. — Atlanta-based Wood Partners has purchased Magnolia Village Apartments, a Class A multifamily property in Jacksonville. Constructed in 2008 and situated on 8.44 acres at 1620 Bartram Road, the six-building property offers 168 units. The gated community offers one-, two- and three-bedroom floorplans, General Electric kitchen appliances, maple-finished cabinets, ceramic tile in the kitchen and foyer, built-in computer desks, high-speed Internet wiring, ceiling fans, and washers and dryers. The community includes a clubhouse, a resort-style swimming pool with a large sundeck and poolside WiFi access and a fully equipped fitness center. Lubert-Adler and Carter & Associates are equity partners on the acquisition, which was brokered by Atlanta-based Apartment Realty Advisors.