"There was excellent interest across the spectrum, including private, institutional and REIT investors."

Separately, JLL reported that global commercial transaction volumes reached an all-time high of $800 billion in 2019, increasing 4% year-over-year.

While there may be questions about the future of the GSEs, capital is lining up to support affordability.

In the US multifamily sector alone, more than $2.9 trillion of assets depend on valuation expertise for every transaction.

"Adding new affordable housing has been a major focus of the bank."

"Jacksonville continues to have an abundance of value-add opportunities coming on market, which has put the metro on the top of many buyer's target lists right now."

A city planning board recommended a flat out repeal of the zoning provision that allows developers to build big, dense projects.

"We're finding that relative to our underwriting that is a really valuable tool that we are putting increased reliance on."