GRS Group recently provided Property Condition Assessment services to support Passco Co.’s financing of the 380-unit Point at Tamaya apartment complex in Jacksonville, Florida.

Located just off Kernan Boulevard, Point at Tamaya is located along major arteries and 10 minutes from the ocean, downtown and Jacksonville’s Southside.  The great location provides easy access to Jacksonville’s beach area and Interstate 295. It is also five minutes from St. Johns Town Center, an open-air mall owned by Simon Property Group.

The complex sits on a 30-acre parcel within the Tamaya master-planned community, which also includes single-family homes. It includes two resort-style swimming pools, a dog park, yoga studio, fitness center and business center with a conference room.

GRS Group director, Julie Sorensen, spearheaded the assessment services for a Fannie Mae finance package on behalf of the firm’s client, KeyBank Real Estate Capital.

About GRS Group:  
GRS Group is a leading provider of commercial real estate (“CRE”) services worldwide. With offices across the United States, Europe, and affiliates around the globe, GRS Group provides local market knowledge with a global perspective for institutional real estate investors, occupiers and lenders worldwide. The GRS Group team has evaluated and advised on over $1 trillion in CRE transactions.