Carter Multifamily has acquired Laurel Pointe Apartments for around $13 million.

Built in 1970, Laurel Pointe has 160 apartments located three miles southeast of downtown Jacksonville, Fla., which offer  access to the area's largest employers, including Baptist Health, Mayo Clinic, Bank of America, and UF Health Hospital. Jaxport, the Jacksonville Port Authority, generates more than 24,000 port-related jobs and is located seven miles from Laurel Pointe.

[caption id="attachment_8154" align="alignleft" width="150"] Cindy Pfeifer of Carter Multifamily[/caption]

"The property benefits from its close proximity to the downtown area, central business district, and is located less than one mile from another Carter Multifamily property, Peppertree Lane,” said Cindy Pfeifer, CEO of Carter Multifamily. “This allows the two properties to share resources, create operational efficiencies, and enhance on-site management, which residents should benefit from."

Carter Multifamily intends to make Laurel Pointe attractive to the area's large concentration of medical, retail, technology and marine science professionals. Renovations will include updates to interiors and common areas, including the pool, playground and recreational areas. There are also plans to add a fenced-in dog park, athletic field, internet café, and more outdoor gathering areas.