Michaelson Real Estate Group, LLC and Private Equity Group acquire San Marco Multifamily Portfolio

Jacksonville, Florida, March 24, 2025

Michaelson Real Estate Group, LLC (“MREG”), in partnership with a private equity firm,
is pleased to announce the acquisition of the San Marco Multifamily Portfolio, a collection
of historic residential properties in one of Jacksonville’s most sought-after
neighborhoods.

Located within walking distance of top-rated restaurants, cafés, boutiques, art galleries,
and the iconic San Marco Theatre, the portfolio offers residents an exceptional lifestyle
near the St. Johns River waterfront. The properties are also conveniently situated near
Jacksonville’s leading medical institutions, including the MD Anderson Cancer Center,
Nemours Children’s Health, Wolfson Children’s Hospital, and Baptist Medical Center.

Originally built in 1941, 1947, and 1948, these well-maintained residential buildings boast
high-end interior renovations along with significant upgrades to plumbing and electrical
systems. The improvements enhance the historic charm of the properties while
introducing modern finishes and premium amenities.

Other current features include covered carports for residents, on-site coin laundry and inunit
washer and dryer installations in select apartments.

“We are excited to expand our presence in Jacksonville with the acquisition of this San
Marco Multifamily Portfolio,” said Michael Moses, CEO at MREG. “This investment
aligns with our strategy of revitalizing well-located properties in vibrant communities,
and we look forward to delivering an upgraded living experience for current and future
residents.”

With San Marco’s rich history, walkability, and proximity to Jacksonville’s thriving
medial and business sectors, this acquisition further solidifies MREG’s commitment to
high-quality, well-positioned multifamily investments.

For further information please contact:

Michaelson Real Estate Group

Michael Moses |
[email protected]
904-880-0000