RangeWater Plans 175-Unit Olea Beach Haven Active Adult Community in Jacksonville

JACKSONVILLE, Fla. — RangeWater Real Estate has acquired a 6.4-acre property in Jacksonville with plans to build an active adult community on the site.

RangeWater plans to break ground in early 2022 on Olea Beach Haven. Plans call for a 175-unit, age-restricted community with one-, two- and three-bedroom units.

Founded in 2006, RangeWater acquires, develops, manages and invests in multifamily communities across the Southeastern and Southwestern United States, with a $5.4 billion portfolio.

RangeWater opened its first two Olea properties in Florida in August 2020 and says it experienced high leasing velocity leading to stabilization within a year. The age-targeted communities are purposefully designed for empty nesters looking to lead an active and social lifestyle in a multifamily environment. Both were successfully transitioned to new ownership late summer 2021.