Gran Bay Apartments

Gran Bay is a 308-unit apartment community, located in Jacksonville, Florida. The property is located in the highly desirable Flagler Center submarket within South Jacksonville. Flagler Center is supported by over 2.4 million sq. ft. of commercial space including business, financial, and medical services and is home to employers such as Baptist Health and Citicorp. Halstatt purchased the property in September 2017 and implemented a value enhancement and improvement plan that substantially increased rental rates and occupancy, which led to a successful disposition in November 2021.