Michaelson Real Estate Group, LLC and Private Equity Group acquire The Plaza Apartments in Jacksonville, Florida

Michaelson Real Estate Group is pleased to announce the expansion of its existing portfolio to include The Plaza Apartments, a 281-unit apartment community situated in Jacksonville, Florida.

The Plaza, located at 3780 University Club Boulevard, is just minutes from downtown Jacksonville, Jacksonville University, Mayport, the beach, restaurants, shopping, banking and schools. It is comprised of 38 two story buildings on 14.59 acres of land. The property features one and two bedroom floor plans with an average size of 716 square feet. Residents enjoy beautiful, meticulously maintained apartment homes with new designer cabinetry and countertops, open kitchens with breakfast bars, upgraded Berber carpet and over-sized closets. The Plaza features a full amenity package including a sparkling swimming pool, tennis courts, bike/walking trails and on-site laundry facility. The Plaza has convenient access to the Interstates 295 and 95. The asset was built in 1975.

Michaelson’s current portfolio is comprised of multifamily communities and commercial property throughout Florida, Texas and Tennessee. Michaelson has closed on 37 properties in the past twelve months.