Riverplace Tower is a 441,142 square-foot, 28-story, class-A office tower located in the Southbank submarket of Jacksonville, FL. The tower was acquired on October 30, 2014 at approximately 75% leased with a large known vacate taking occupancy down to 70% as of the end of 2015. The asset received $3M in capital improvements and $5M in tenant improvements for renewals and new leases completed during the hold period, while occupancy was increased from 70% to approximately 91% with leases to Ameris Bancorp, Macquarie Group, St. Johns Partners, and Gatlin Development, among others. Lingerfelt recapitalized the asset with a new equity partner on November 29, 2016 at a valuation of $53.4M, and ultimately fully exited the investment in December of 2021 for $73.2M.