Getting to Know Your Multi-family Specialist

Getting to Know Your Multi-family Specialist

Neil Hemenway

Neil joined Prime Realty in May 2010 as a Sales Associate specializing in multi-family property in the Jacksonville area. As a second generation real estate entrepreneur, real estate has always been a passion for Neil. Prior to joining Prime Realty, Neil worked for a company that focused on condo conversions on the Space Coast and was involved in the management of multiple apartment buildings.

Neil holds a Bachelor’s Degree in Finance from the University of North Florida.

His favorite part of the job?

"I love interacting with clients and learning about their lives. Everyone has a unique life story, but negotiating the deal is my favorite part of the job."
What is Neil up to?

Neil works with buyers and sellers of B and C class apartments. Most recently, he listed and went to contract on Park View Place Apartments, a 68-unit multi-family community in Jacksonville.

Recent Notable Transactions

Park Ridge Apartments- 40 units
Kathy Lane Apartments- 28 units
Glenwood Apartments- 106 units

What is Neil Seeing in the Mulit-family Market?

"Prices have certainly increased over the last two years as more buyers have entered the market and distressed properties have become less common. This trend will likely continue, as banks are beginning to loosen their lending requirements, which will allow more buyers to enter the market. We are also seeing a lot of foreign investors specifically from Canada and Australia. However, if interest rates still rise, cap rate compression will certainly stall."

Contact Neil

Direct: 904.245.1307
Mobile: 904.252.5125