Over the past 5 years, Los Angeles-based Creative Realty Partners has acquired more than 3,200 multifamily units in Texas and Florida. Their latest is the acquisition of a 216-unit B Class Property in Jacksonville, Florida that will increase their units amount to 3,400. The company's value-add strategy has proven highly successful in these markets and they see great potential for value creation in the Jacksonville market. In the wake of this proven strategy, CRP will implement exterior and interior improvements to produce substantial rent growth. Exterior upgrades include landscaping, painting and refreshing of building exteriors. The residential units will also be upgraded to include new appliances, kitchen cabinet refacing, and faux-wood flooring, among other improvements.