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All CollectionsGroundfloor UpdatesJacksonville Partnership
Why did Groundfloor enter into this joint venture partnership?
Why did Groundfloor enter into this joint venture partnership?
Constantina Kokenes avatar
Written by Constantina Kokenes
Updated over 2 weeks ago

Market data showed that the Jacksonville metro area needed more residential housing, especially as its population and job prospects continued to accelerate. During this partnership, retail investors in these LROs offered on the Groundfloor platform have received over $1.3 million in interest on their investments to date, net of realized losses, with a weighted average return of approximately 8.0%.

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