(December 18, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired Country Club Lakes apartment community in Jacksonville, FL. The 555-unit garden-style community is located at 4090 Hodges Blvd. and includes 45 buildings set on 48 acres in the Upper Southside submarket of southeast Jacksonville.
“We are pleased to announce the addition of Country Club Lakes to our growing portfolio,” said Maddison Leske, AVP, Acquisitions at Waterton. “The property presents a compelling opportunity to acquire a well-located suburban asset in a high barrier to entry submarket with significant value-add potential”
Built between 1995 and 1997, Country Club Lakes offers one-, two- and three-bedroom floorplans, many with private screened-in patios or balconies. The community features a mix of classic, partially renovated and renovated units, providing Waterton the opportunity to implement a value-add program across the majority of the units.
With the exception of the upgraded residences, which already include stainless steel appliances, white shaker cabinets and upgraded lighting and plumbing fixtures, Waterton will upgrade the apartment homes to a modern finish level and complete a light refresh within the common areas, strengthening the property’s competitive position with the submarket.
Jeremy Stern, SVP, Acquisitions at Waterton remarked, “although Jacksonville has experienced elevated supply in recent years, the construction pipeline is slowing, and strong economic growth in the region continues to drive demand for quality rental housing.”
Country Club Lakes benefits from convenient access to major employment hubs, restaurants, beaches, and other lifestyle amenities, and is within a 10-minute drive of both the University of North Florida and the Mayo Clinic, two of the area’s economic anchors. The property is also proximate to St. Johns Town Center and just 20 minutes from Downtown Jacksonville, offering strong connectivity across the metro area.
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About Waterton:
Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2025, Waterton’s portfolio includes approximately $9.5 billion in real estate assets. Visit Waterton’s website: www.waterton.com.