Olympus Property Further Diversifies Eighth Fund with Acquisition of Hawthorne in Jacksonville, Florida

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Jul 17, 2018, 12:11 ET

FORT WORTH, Texas, July 17, 2018 /PRNewswire/ -- Olympus Property announces the acquisition of Hawthorne in Jacksonville, Florida, a newly developed, Class A garden-style apartment community with a two-story "Big House Design."

Hawthorne is the fifth asset to be added to Olympus Property's Fund 8. This fund includes five properties diversified across four states. Investors gain direct access to these deals alongside Olympus at the same cost basis, without any mark up or catch up fees.

Olympus Property Acquires Hawthorne in Jacksonville, Florida

"Fund 8 provides our partners a geographically diverse real estate portfolio of the fastest growing markets across the United States," said Braden Barr, Senior Investment Officer at Olympus Property.

Hawthorne features a central location. The property is situated down the street from Deerwood Office Park, home to many corporate offices including Blue Cross Blue Shield, Merrill Lynch, Duetche Bank, and State Farm. In addition, the Saint Johns Town Center, a 4.5 million square foot high-end lifestyle center, is less than five miles north of the property. The property is located within the Butler/Baymeadows office corridor, home to 61,500 jobs, and offers quick access to Downtown Jacksonville with its proximity to the J Turner Butler Boulevard.

"Hawthorne is one of the most desirable assets within the Jacksonville market due to its superior location and unique two-story design," said Chase Bennett, Director of Acquisitions.

Hawthorne offers residents luxury amenities both inside the units and within the community. Unit features include granite countertops, designer cabinets and fixtures, black appliances, designer wood kitchen floors, gourmet kitchen islands with accent lighting, 2" faux wood blinds, tile bathrooms, garden tubs, washers and dryers, ground floor private entrances, as well as one and two car direct access garages in select units. Community amenities include a resort-style pool with cabanas and an outdoor kitchen, state-of-the-art fitness center, cyber cafe with coffee bar, poolside fire lounge, dog park, complimentary wifi throughout clubhouse and pool area, limited access entry gates, and detached garages.

Olympus Property, founded in 1992, is a fully integrated real estate investment firm based in Fort Worth, Texas. Over its 26-year history, the company has become a successful and recognized name in the multi-family industry. Olympus currently owns and manages over 17,000 units across ten states including Texas, Florida, Oklahoma, Arizona, Arkansas, Tennessee, Georgia, New Mexico, Utah, and California.

To learn more about diversifying your portfolio with Olympus Property, please contact Braden Barr at 817-505-0528 or at [email protected].

SOURCE Olympus Property