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Stoneweg Expands Reach With Acquisition of 316-Unit Old Jennings Development Site in Jacksonville Submarket of Middleburg, Florida

ST PETERSBURG, FL - Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Old Jennings, in Middleburg, FL which rolls up to the bustling Jacksonville MSA, and represents the Company s third major project in its growing multifamily apartment development pipeline. Stoneweg US will utilize 15 acres to build a 316-unit multifamily apartment community, reserving 7.5 acres on the 22.5-acre site for green space.

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