Atlanta-Based Firm Acquires Newly Built 260-Unit Community in High-Growth Florida Market
Atlanta, GA – [Date] – Mesa Capital Partners, the Atlanta-based multifamily investment firm founded by industry veterans Jeff Tucker and Tom Bell (former Chairman of Cousins Properties), has announced its return to the Jacksonville market with the acquisition of The Julington, a newly constructed 260-unit luxury apartment community located in the city’s fast-growing Mandarin neighborhood.
The transaction marks Mesa’s first Jacksonville acquisition in the current real estate cycle and reflects the firm’s bullish outlook on high-growth Sunbelt metros with strong fundamentals.
“Jacksonville is one of the fastest-growing markets in the Sunbelt, and Mandarin is a high-barrier-to-entry submarket with exceptional livability,” said Jeff Tucker, CEO of Mesa Capital Partners. “The Julington aligns perfectly with our strategy of targeting well-built, amenity-rich communities in thriving, supply-constrained neighborhoods.”
Located just south of I-295 on San Jose Boulevard, The Julington offers residents prime connectivity to major employment hubs and a wide array of retail, dining, and recreational options. Developed in 2023 by local firm RISE Development, the Class A property includes elevator-serviced units and an extensive slate of modern amenities—from private co-working spaces and a resort-style pool deck to a pet spa, Zen garden, and more.
Mesa Capital previously owned more than 800 units in the Jacksonville metro between 2013 and 2021. Its renewed activity in the market signals confidence in the area’s continued economic momentum.
“We see 2025 as a pivotal year for multifamily investment, with improving fundamentals and a shifting interest rate environment creating attractive opportunities across the Sunbelt,” added Tucker.
Financing for the acquisition was arranged through Walker & Dunlop’s Atlanta office. Pegasus Residential will oversee day-to-day property management.
With a robust pipeline ahead, Mesa Capital Partners plans to continue acquiring and developing institutional-quality multifamily communities throughout the remainder of 2025.
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