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KAIN Portfolio

KAIN Portfolio

Price: $ Market Bid

Total Number of Units: 202

Address: 13021 Kain Palms Court, Tampa, FL 33612, USA

  • Through strategic property and management efforts, a buyer could increase Effective Gross Income in year 1 of operations by $237,607
  • 89% of the units are in two of the properties 24% of the units were constructed in 2007
  • Portfolio consists of a superior unit mix comprised of majority two and three – bedroom floor plans

 

Lead Agent(s): Cameron S. Barbas

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Courtyard Gardens Apartments

Courtyard Gardens Apartments

Price: $ 1,500,000

Total Number of Units: 8

Address: 408 South Tampania Avenue, Tampa, FL, USA

  • Value add opportunity by increasing average rents $500+
  • Unit mix comprised of large two-bedroom/one-bathroom floor plans
  • Private gated entry, beautifully updated serene courtyard, and private balconies/patios
  • Washer/dryer appliances and large storage closets

Lead Agent(s): Matthew W. Prozzillo

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Park West Courtyard Apartments – Closed on June 11, 2018

Park West Courtyard Apartments – Closed on June 11, 2018

Price: $ 5,100,000

Total Number of Units: 30

Address: 3215 West Swann Avenue, Tampa, FL, United States

  • Approximately $27,000 In Loss-to-Lease Available to be Recaptured
  • Value Add Opportunity by Increasing Average Rents $200+
  • Private Gated Entry, Beautifully Updated Serene Courtyard and Renovated Unit Interiors

Call for Offers: Thursday, March 8th by 5pm EST

Lead Agent(s): Cameron S. Barbas

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Tampa Bay Portfolio

Tampa Bay Portfolio

Price: $ 1,250,000

Total Number of Units: 21

Address: 1105 East Bird Street, Tampa, FL, USA

  • Impeccably built concrete block buildings
  • Fully stabilized portfolio with an immediate path to rental upside
  • 100% fully occupied community with a waiting list
  • Washer/dryer connections in select units
  • Value add opportunity by increasing rents $100+/unit
  • All units are individually metered for water

Lead Agent(s): Joshua Teplitzky

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Crystal River Apartments – Closed on June 8, 2018

Crystal River Apartments – Closed on June 8, 2018

Price: $ 1,550,000

Total Number of Units: 32

Address: 8570 Southeast Mayo Drive, Crystal River, FL 34429, United States

  • Highly Desirable 1980s Vintage Construction
  • Heavily Renovated Interiors with Individually Sub-metered Buildings
  • Opportunity to Gain Significant Market Share in the Citrus River Market
  • Ability to Achieve a Year One Cap Rate of 10.75% (28.91% Cash-On-Cash Return)
  • Current Average Effective Rents are 15% Below Current Market Rents
  • Recapture 133% of Initial Down Payment within Four Years

Lead Agent(s): Benjamin N. Skinner

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Avesta Heritage Cove Apartments

Avesta Heritage Cove Apartments

Price: $ Market Bid

Total Number of Units: 90

Address: 7402 Heritage Hills Drive, Temple Terrace, FL 33637, USA

  • Rare opportunity to own 90 units of 1980s concrete block construction in Tampa, FL
  • 96% average current occupancy level of all comparable properties
  • Opportunity to increase NOI by $74,098 through strategic management adjustments and by moving rents up to meet the market
  • Clean asset with recent capital improvements including the addition of a front entrance gate, revitalized exterior paint, expansion of pool deck, two new roofs, and reinforced staircases
  • Minimal repair and maintenance outlook for next 5 years with recent exterior updates and unit finishes
  • $77,186 increase in effective gross income by end of year 1 operations
  • Significant rental spread between Avesta Heritage Cove and competing properties

Lead Agent(s): Joshua D. Teplitzky

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Vista at Palma Sola

Vista at Palma Sola

Price: $ Market Bid

Total Number of Units: 340

Address: 3900 75th Street West, Bradenton, Florida 34209, United States

  • Value-add opportunity constructed of concrete block in Tampa, FL
  • Opportunity to increase gross possible rent by $401,000
  • $209 weighted spread between Diamond Upgraded unit with washer/dryer appliances current market rent and all other finish levels weighted average effective rent
  • Recent exterior capital improvements include resurfaced parking lot, revitalized landscaping, and energized building exterior paint
  • All corner units with private fenced-in patios

Call for Offers: Thursday, June 28th by 5:30 pm EST

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Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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San Juan Apartments

San Juan Apartments

Price: $ 720,000

Total Number of Units: 4

Address:

  • Five-minute bike ride to the beautiful Bayshore Boulevard
  • Located in Tampa’s urban core within close proximity to multiple redevelopments such as bill gates, Jeff Vinik, and Tampa port authority’s $3 billion downtown/water street redevelopment, the heights redevelopment, west river redevelopment, Tampa international airport’s $1 billion renovation, Westshore marina district and more
  • Close proximity to 90+ bars, restaurants, and retail destinations
  • Located within a 10-minute drive time of 159,000 jobs within downtown Tampa and Westshore business district

Lead Agent(s): Matthew W. Prozzillo

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New America Condos

New America Condos

Price: $ 1,210,000

Total Number of Units: 22

Address: 8602 Pioneer Trail, Port Richey, FL, United States

  • Opportunity to collect $9,240 in loss-to-lease by resigning leases at current market rent
  • Highly desirable unit mix consisting of all two-bedroom/one and one half-bathroom townhouse units
  • Excellent amenity package made up of washer/dryer connections, private patios and a basketball court

Lead Agent(s): Matthew W. Prozzillo

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El Mar Apartments – Closed on June 4, 2018

El Mar Apartments – Closed on June 4, 2018

Price: $ 1,450,000

Total Number of Units: 10

Address: 701 1st Street, Indian Rocks Beach, FL 33785, USA

  • Well-Built 1970’s Vintage Concrete Block Construction
  • Amenitized Property Consisting of a Large Courtyard, Grilling Station, and On-Site Laundry
  • Ability to Operate as Annual or Prime Seasonal Rentals
  • Current Rents are 18% Below Market Comparable Rents
  • Opportunity to Realize a 12%+ Cash-On-Cash Return Near the Beach

Lead Agent(s): Benjamin N. Skinner

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442 30th Avenue North

442 30th Avenue North

Price: $ 550,000

Total Number of Units: 9

Address: 442 30th Avenue North, St. Petersburg, FL, United States

  • Premium location in the heart of desirable St. Petersburg
  • Only 20 minutes to St. Pete beach ranked “#3 beach in the U.S.” by TripAdvisor in 2017

Lead Agent(s): Joshua Teplitzky

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Pensacola Station

Pensacola Station

Price: $ 1,499,000

Total Number of Units: 24

Address: 103 Cactus Street, Tallahassee, FL, United States

  • 8.83% CAP Rate
  • Unit Interior Renovations Include Granite Countertops, Stainless Steel Appliances, New Bathroom Vanities, New Kitchen Cabinets and Interior Paint

Lead Agent(s): Joshua D. Teplitzky

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KAIN Commons

KAIN Commons

Price: $ 850,000

Total Number of Units: 10

Address: 1506 East 138th Avenue, Tampa, FL, USA

  • Superior unit mix of all three-bedroom floor plans
  • Washer/dryer connections in every unit
  • 100% fully occupied community
  • Ample off-street parking

Lead Agent(s): Cameron S. Barbas

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KAIN Villas

KAIN Villas

Price: $ Market Bid

Total Number of Units: 108

Address: 14323 Lucerne Drive, Tampa, FL 33613, USA

  • Concrete block construction
  • 22% two-bedroom townhouse composition
  • Gated community with swimming pool

Lead Agent(s): Cameron S. Barbas

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Port Tampa Apartments

Port Tampa Apartments

Price: $ Market Bid

Total Number of Units: 14

Address: 7102 S Kissimmee St. Unit A D,Tampa, FL 33608

  • Value-add opportunity by increasing NOI 38% by end of year 1
  • Approximately $250 average rent increases by end of year 1
  • 100% 2 BR/1 BA floorplans with washer/dryer connections and private patios
  • 1980’s concrete block construction
  • Select units have been upgraded with granite countertops, stainless steel appliances, new cabinets and vinyl plank flooring

Lead Agent(s): Cameron S. Barbas

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KAIN Palms

KAIN Palms

Price: $ Market Bid

Total Number of Units: 72

Address: 13021 Kain Palms Court, Tampa, FL 33612, USA

  • 67% 2007 construction
  • 83% two and three-bedroom floor plans
  • 12 townhouse style units
  • 1,117 average rentable square feet
  • Washer/dryer connections in all two and three-bedroom floor plans

Lead Agent(s): Cameron S. Barbas

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KAIN Quads

KAIN Quads

Price: $ 960,000

Total Number of Units: 12

Address: 11302 North 15th Street, Tampa, FL, 33612

  • Superior unit mix of all two-bedroom floor plans with w/d connections
  • Concrete block construction
  • Fully occupied community
  • Stabilized income with value-add opportunity to increase EGI 11%+
  • Ample off-street parking

Lead Agent(s): Cameron S. Barbas

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Imperial Village Apartments

Imperial Village Apartments

Price: $ Market Bid

Total Number of Units: 144

Address: 9790 Hamlin Boulevard, Seminole, FL 33776, USA

  • Value-add opportunity through clubhouse and amenity renovations
  • 100 percent renovated interiors with minimal repairs and maintenance expenses
  • Current ownership has spent in excess of $2.8 million on capital improvements
  • $300,000 potential increase in effective gross income by implementing a valet trash program, cable reimbursement program, adding patios, and increasing rents to surpass inferior competition
  • Fantastic A+ location in Seminole, FL with very limited competition

Call for Offers: Wednesday, June 20th by 5:30 pm EST

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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Estrella Apartments – Closed May 1, 2018

Estrella Apartments – Closed May 1, 2018

Price: $ 728,571

Total Number of Units: 4

Address: 2812 West Estrella Street, Tampa, FL, United States

  • Opportunity to Obtain a Bite-Sized, Fully Stabilized Multi-Family Asset in Tampa’s Urban Core
  • Ability to Increase rents $203 Upon Lease Renewals and Increase NOI by 6% Without the Need to Infuse more Capital
  • Newly Renovated Unit Interior and Exteriors Including Granite Countertops, New Appliances, Original Hardwood Flooring, New Cabinets and Lush Landscaping
  • Located in Tampa’s Urban Core Within Close Proximity to Several Redevelopments Such as Bill Gate and Jeff Vinik’s $3 Billion Downtown/Water Street Redevelopment, The Heights Redevelopment, West River Redevelopment and Tampa International Airport’s $1 Billion Renovation
  • Superior Walkability to 90+ Bars and Restaurants, Beautiful Bayshore Boulevard and Prestigious Palma Ceia Country Club
  • Located within Close Proximity to 159,000 Jobs between Downtown Tampa and Westshore Business District

Lead Agent(s): Camerson S. Barbas or Matthew W. Prozzillo

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The Bonaventure – Closed May 1, 2018

The Bonaventure – Closed May 1, 2018

Price: $ 1,821,429

Total Number of Units: 10

Address: 2915 West Estrella Street, Tampa, FL, United States

  • Beautifully Modernized 1920’s Asset with Original Hard Wood Floors, High Ceilings, Granite Countertops, Washer/Dryer Appliances, New Windows and New Cabinets amongst other renovations
  • Opportunity to Increase Rents $188 from Current In Place
  • Superior Amenity Package includes Private Keyless Entry, Ample off-street covered & uncovered parking, and washer/dryer appliances, Possible on-site Bike Storage

 

Lead Agent(s):

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Naples Waterfront Land

Naples Waterfront Land

Price: $ Market Bid

Total Number of Units: 17

Address: 1820 Gulf Shore Boulevard North, Naples, FL 34102, USA

  • Develop up to 20 units of luxury waterfront
  • Sell individual condominium units for greater than $950 per square foot
  • Realize a return-on-investment after closing costs of greater than 30%
  • Return-on-investment after closing costs equates to $200+ per square foot 17 existing cooperative units (100% of community)
  • 1.34 +/- acres of developable waterfront land
  • Potential to be the only mid-rise condominium units built since 2011 on Gulf Shore Boulevard North
  • Eight boat slips providing future residents with direct access to the Gulf of Mexico

Call for Offers: Wednesday, May 30th by 5:30 pm EST

Lead Agent(s): Michael P. Regan or Benjamin N. Skinner

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3817 Waterfront Apartments – Closed on April 18, 2018

3817 Waterfront Apartments – Closed on April 18, 2018

Price: $ 1,275,000

Total Number of Units: 16

Address: 3817 Del Prado Boulevard, Cape Coral, FL 33904, United States

  • Desirable 1970’s Vintage Concrete Block Construction
  • Heavily Renovated Property With a New Roof in Process
  • Significant Value-Add Opportunity (Year-One Cap Rate of 9.19%)
  • Achievable NOI Increase of 29.44% by Year One of Ownership

Lead Agent(s):

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Prospect Towers

Prospect Towers

Price: $ Market Bid

Total Number of Units: 208

Address: 801 Chestnut Street, Clearwater, FL 33756

  • $508 spread between Prospect Towers Pro Forma rents and The Nolen’s one-bedroom average rent
  • 33% average effective rent growth since 2016
  • Potential for $71,708 increase in Effective Gross Income by continuing the recently implemented cable reimbursement program
  • Potential for a $53,835 increase in Effective Gross Income by implementing a $25 per month flat fee for water and sewer
  • Significant capital improvements made in last five years including new air handlers, elevator rehabilitation, and an upgraded amenity package

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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Villas at Deer Park

Villas at Deer Park

Price: $ Market Bid

Total Number of Units: 172

Address: 15215 Livingston Avenue, Lutz, FL 33559

  • Value-Add Opportunity Constructed on Concrete Block in Tampa, FL
  • Opportunity to increase Gross Possible Rent by $401,000
  • $209 weighted spread between Diamond Upgraded unit with washer/dryer appliances current market rent and all other finish levels weighted average effective rent
  • Recent exterior capital improvements include resurfaced parking lot, revitalized landscaping, and energized building exterior paint
  • All corner units with private fenced-in patios

Call for Offers: Wednesday, May 23rd

View Offering Here

Lead Agent(s): Michael P. Regan or Francesco P. Carriera

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Frankie Court Apartments

Frankie Court Apartments

Price: $ 1,563,000

Total Number of Units: 17

Address: 4421 Frankie Court, North Fort Myers, FL 33903, USA

  • Recently Renovated Concrete Block Construction
  • Desirable Unit Mix Consisting of Two Bedroom Townhouse and Duplex Units
  • Amenities Include In-Unit Laundry Connections
  • Ability to Realize a Year One Cash-On-Cash of 21.83% Through Loss-To-Lease Recapture

Lead Agent(s): Benjamin N. Skinner

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Sandalwood Beachfront Rentals

Sandalwood Beachfront Rentals

Price: $ Market Bid

Total Number of Units: 47

Address: 17100 Gulf Boulevard, North Redington Beach, FL 33708, United States

  • Unrivaled 122 Feet of Beachfront Location Directly on North Redington Beach 47 Condominium Units (100% of Community)
  • Potential to be the Only Sizeable Beachfront Multifamily Property in Tampa Bay Diverse Variety of Exit Strategies Including Multifamly, Hospitality, Condominium and Redevelopment
  • Gulf-Views from 72% of Units Only 3.3 Miles Away from World Famous John’s Pass Village and Boardwalk

Lead Agent(s): Michael P. Regan

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Fairfield Lakes Apartments

Fairfield Lakes Apartments

Price: $ Market Bid

Total Number of Units: 268

Address: 8100 US Highway 98, Pensacola, FL, United States

  • 95%+ T12 Occupancy
  • $113,500 of In-Place Loss-to-Lease Upside Based on Current Asking Rents ($35/unit/year)
  • Up to $300 of Rental Upside based on Most-Direct Market Competitors
  • Opportunity to Perform Strategic Capital Upgrades to Unit Interiors
  • $365 Affordability Gap Between the Cost-to-Own in the Immediate MSA and the Current Average Effective Rent at Fairfield Lakes Apartments

Call for Offers: Wednesday, February 14th by 5pm EST


>>Click Here to View Offering Documents<<

 

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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9th Avenue Apartments – Closed on April 3, 2018

9th Avenue Apartments – Closed on April 3, 2018

Price: $ 780,000

Total Number of Units: 10

Address: 807 9th Avenue North, St. Petersburg, FL, United States

  • Highly Desirable Location in the Heart of Growing Downtown St. Petersburg
  • Superior Walkability (0.8 Miles) to Downtown St. Petersburg Retail, Dining and Local Nightlife
  • Well Built Asset with Great Frontage on 9th Avenue North
  • Recently Renovated with New Tile, Laminate Flooring, Formica Countertops, and Raised Panel Cabinets

Lead Agent(s): Joshua D. Teplitzky

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Stella Apartments

Stella Apartments

Price: $ 1,030,000

Total Number of Units: 14

Address: 2452 Stella Street, Fort Myers, FL 33901, United States

  • Optimal Unit Mix Consisting of 100% Two-Bedroom Floorplans
  • Heavily Renovated Interiors With a New Roof In 2017
  • Current Average Effective Rents are 17% Below Immediately Achievable Pro Forma Rents
  • Opportunity to Realize a 10.05% Cap Rate in Year One of Ownership
  • Ability to Recapture 103.24% of Initial Equity (Down Payment) Within Four Years

Lead Agent(s):

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Hanley Place Apartments – Closed on March 21, 2018

Hanley Place Apartments – Closed on March 21, 2018

Price: $ Market Bid

Total Number of Units: 400

Address: 7315 West Hanna Avenue, Tampa, FL 33634, United States

  • Approximately $2.5 million invested in exterior and interior renovations since 2016
  • 21% of units upgraded and receive rental premiums
  • Value-add opportunity to build-upon upgrade program
  • 95% current occupancy – well positioned for agency financing

 

Call for Offers – Wednesday, December 13th

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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Aqua Links & Stoneridge Pointe Portfolio – Closed on March 16, 2016

Aqua Links & Stoneridge Pointe Portfolio – Closed on March 16, 2016

Price: $ 18,100,000

Total Number of Units: 260

Address: 2450 Hartwell Avenue, Sanford, FL 32771, United States

  • Current Average Effective Rents $200 Below Market Average
  • $240,696 In-Place Annual Loss-to-Lease Upside ($77 per unit, per month)
  • Opportunity to Increase NOI by Approximately $492,000 by End of Year 1
  • Opportunity to Continue Strategic Upgrades at Aqua Links (55 Upgraded Units Receiving a $50 Premium) Benefit from Short Term or Long Term Holding Strategy
  • Short Term Strategy: Capitalize on Value Add Business Plan and Below Market Rents to Increase NOI by $492,000
  • 75 Percent Return on Equity Potential on 2-Year Hold
  • Long Term Strategy: 7-Year IRR Approximately 29%; 10-Year IRR Approximately 26%

Aqua Links
2450 Hartwell Avenue Sanford, Florida 32771
140 Units

Stoneridge Pointe
1505 West 25th Street Sanford, Florida 32771
120 Units

Lead Agent(s):

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5th Avenue Apartments – Closed on February 28, 2018

5th Avenue Apartments – Closed on February 28, 2018

Price: $ 675,000

Total Number of Units: 9

Address: 6682 5th Avenue North, St. Petersburg, FL, United States

  • Recently Renovated Unit Interiors Which Includes New Appliances, Granite Countertops and New Bathroom Vanities Amongst Many Other Renovations
  • Concrete Block Construction Built in 1958 and Renovated in 2015

 

Lead Agent(s):

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Roselawn Village Apartments – Closed on February 27, 2018

Roselawn Village Apartments – Closed on February 27, 2018

Price: $ Market Bid

Total Number of Units: 161

Address: 1992 East Seymour Avenue, Cincinnati, OH 45237, United States

  • Extensive $2.65 Million Renovation in last 24 Months
  • Opportunity for New Investor to Capitalize on Below-Market Rents that were Compressed During Renovation Period (4% In-Place Loss-to-Lease)
  • Phenomenal Entry Position in One of Cincinnati’s Highest Growth Submarkets
  • Favorable Unit Mix – 81 Percent Two and Three-Bedroom Floor Plans
  • Majority Townhome-Style Floor Plan Layouts

Lead Agent(s):

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Hill Avenue Apartments – Closed on February 9, 2018

Hill Avenue Apartments – Closed on February 9, 2018

Price: $ 680,000

Total Number of Units: 8

Address: 1927 Hill Avenue, Fort Myers, FL, United States

  • Exceptional Unit Mix Consisting of 100% Two-Bedroom/Two-Bathroom Floorplans
  • 1980’s Vintage Concrete Block Structure
  • Current Owner Has Invested Over $200,000 in Property Renovations
  • High Yield Asset With a Year Three Cash-on-Cash Return of 18.38%

Lead Agent(s): Benjamin N. Skinner

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Arbor Crest Apartments – Closed on February 8, 2018

Arbor Crest Apartments – Closed on February 8, 2018

Price: $ Market Bid

Total Number of Units: 120

Address: 62 Cleveland Street, Quincy, FL, United States

  • Clear Path to Over a Pro Forma 9% Cap Rate and 16.5%+ Cash on Cash Return
  • Rare Low Income Housing Tax Credit (Section 42 LIHTC) Opportunity with Rental Upside
    • $83,918 (8.02%) Loss-to-Lease Upside Based on Current Market Rents
    • Current Average Effective Rents $85/unit/month Below 2017 Max Allowable Rents
  • Currently Under-Performing Asset with 85.83% Current Occupancy Compared to 95% Market Average of Inferior Assets
  • Operational Upside via Above-Market Average Controllable Expenses
  • 89% Two and Three-Bedroom Floor Plan Composition
  • 5.09% Gadsden County Max Allowable Rent Growth from 2016 to 2017

Lead Agent(s): Francesco P. Carriera or Michael P. Regan

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Osprey Landings Apartments

Osprey Landings Apartments

Price: $ Market Bid

Total Number of Units: 108

Address: 1756 S Clyde Morris Blvd, Daytona Beach, FL 32119, United States

Built in 1985 with 67 Percent 2×2 Floor Plans

Stabilized Asset with Inherent Upside

  • 4.92% total vacancy, concessions and bad debt (T12)
  • 7.95% organic effective income growth (T12)
  • $53,000 in-place loss-to-lease

Substantial Premium Potential for Upgrades

  • Up to $270-295 per month premiums for one and two-bedroom units

Lead Agent(s): Michael P. Regan

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Pine Key Resort

Pine Key Resort

Price: $ Market Bid

Total Number of Units: 42

Address: 1095 Hancock Creek South Boulevard, Cape Coral, FL 33909, United States

  • Approximately $40,000/Unit of Development Costs Already In-Place
  • 42 Existing and 56 Fully Approved and Entitled Developable Condominium Grade Class-A Units
  • Implement Strategic Remodeling of the Existing 42 Units (12% Rent Increase)
  • Recapture 6.38% In-Place Loss-to-Lease Resulting in a $40,200 Addition to Revenue
  • Ability to Realize a Stabilized All-In Cap Rate Above of 8% and a Year Five IRR Above 40%
  • Realize a Post Development NOI Increase of 223%

Lead Agent(s): Benjamin N. Skinner

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4th Place Apartments

4th Place Apartments

Price: $ 2,000,000

Total Number of Units: 32

Address: 6735 Southwest 4th Place, Gainesville, FL, United States

  • 50% of the Units have been Beautifully Renovated in 2017 with Vinyl Wood Flooring, New Kitchen Cabinetry, Washer/Dryer Appliances, New Appliances, New Lighting, New Bathroom Vanities, And Much More
  • Opportunity to Continue Renovations and Capitalize on Significant Rental Upside Approximately $90+ Higher than Average Effective Rents
  • Highly Desirable 1980’s Vintage Asset Comprised of Concrete Block Construction with Amenities Such as Washer/Dryer Appliances and Private Patios

Lead Agent(s): Matthew W. Prozzillo

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Park Village Apartments – Closed on December 27, 2017

Park Village Apartments – Closed on December 27, 2017

Price: $ Market Bid

Total Number of Units: 158

Address: 11300 66th Street North, Largo, FL 33773, United States

  • 1984 Concrete Block Construction
  • Completely Renovated, Turn-Key Asset with Immediate Cash Flow and Returns
  • 95% Current Occupancy – Well Positioned for Agency Financing

Lead Agent(s):

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Urban Style Flats – Closed on December 20, 2017

Urban Style Flats – Closed on December 20, 2017

Price: $ Market Bid

Total Number of Units: 481

Address: 300 10th St S, St. Petersburg, FL 33

  • Capitalize on Well-Below Market Rents
    • Strategic interior and amenity upgrades
    • Decrease the $447 gap between current rents an
      that of surrounding A-Product
    • Further outperform shadow-market and surrounding
      smaller competing assets
  • Profit on Un-Utilized Commercial Retail/Office Space
    •  10,000 total square feet of commercial retail/office space
      of which only 4,000 square feet is currently occupied
    •  Opportunity to add an additional $64,800 in annual gross
      potential revenue
    • Expand upon the existing live, work, play culture

Lead Agent(s):

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Edison Estates – Closed on December 20, 2017

Edison Estates – Closed on December 20, 2017

Price: $ 1,050,000

Total Number of Units: 12

Address: 1919 Ricardo Ave, Fort Myers, FL 33901, United States

  • Optimal Unit Mix Consisting of 100% Two-Bedroom Floor Plans
  • Rare Opportunity to Acquire a Fully Renovated, High Yield, Low Maintenance Asset
  • Significant Upside Through Rental Rate Increases and Loss-to-Lease Recapture
  • Opportunity to Recapture 113% of Initial Equity Within Six Years

Lead Agent(s):

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Oakbrook Village Apartments – Closed on December 14, 2017

Oakbrook Village Apartments – Closed on December 14, 2017

Price: $ 25,800,000

Total Number of Units: 281

Address: 2225 Nursery Road, Clearwater, FL 33764, United States

  • Un-paralleled Community Amenities
  • New Appliance Packages in 27 Units (select appliances replaced as needed in 20 additional units)
  • Updated Flooring Throughout 32 Units (10 additional units received new carpet in bedrooms)

Lead Agent(s):

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Park Place Apartments – Closed on November 21, 2017

Park Place Apartments – Closed on November 21, 2017

Price: $ Market Bid

Total Number of Units: 338

Address: 4637 Deleon Street, Fort Myers, FL 33907, United States

  • 338 Units Built of Concrete Block Construction
  • 22 Upgraded Unit Interiors Which Receive a $176 Average Monthly Premium
  • $180,756 of In-Place Loss-to-Lease Upside for New Investor
  • Two Phases, Both Built of Concrete Block

Lead Agent(s):

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Cobb Portfolio

Cobb Portfolio

Price: $ Market Bid

Total Number of Units: 103

Address: Marietta, GA, United States

  • Proven Value Add Opportunity: New Ownership is given an opportunity to push rents by implementing interior upgrades throughout all three properties. Revenue can be pushed with a $100 monthly increase per unit which will boost NOI by $123,600 annually.
  • Connectivity to Economic Drivers: Since 2015, the county realized more than $320 million in economic impact and over 5,500 jobs from companies such as Comcast, Aaron’s Inc., Synovus Financial Corp. and The Home Depot expanding within the county’s boundaries.
  • Substantial Economic Growth: All three properties are located in Marietta, GA which has a population of over 56,500, an unemployment rate of 5%, and a future job growth over the next decade to be 35%.
  • Economies of Scale: This investment opportunity gives investors the ability to acquire 103 units located in a highly desirable market with proven rent growth.

 

Lead Agent(s):

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16th Street North Apartments – Closed on November 3, 2017

16th Street North Apartments – Closed on November 3, 2017

Price: $ 755,000

Total Number of Units: 12

Address: 1101 16th Street North, St. Petersburg, FL, United States

  • Recently Renovated Asset in 2016 with Exterior Paint, and Interior Renovations
  • Well Built Asset Constructed of Concrete Block

Lead Agent(s):

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Park Lane Apartments – Closed on January 9, 2018

Park Lane Apartments – Closed on January 9, 2018

Price: $ 1,700,000

Total Number of Units: 17

Address: 725 2nd Street North, St. Petersburg, FL 33701, United States

  • Well-Constructed 1970s Vintage Concrete Block Structure
  • Thirteen Units on Month-To-Month Leases Allowing for Renovations to Begin Immediately
  • Current Average Effective Rents are 36% Below Market Comparables
  • Property Amenities Include Four Large Storage Rooms, Two Laundry Facilities, and a Large Courtyard

Lead Agent(s):

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Fox Hollow Apartments – Closed on October 6, 2017

Fox Hollow Apartments – Closed on October 6, 2017

Price: $ 9,500,000

Total Number of Units: 152

Address: 7301 W University Ave, Gainesville, FL 32607, USA

  • Well-Built in 1977 and 1984 of Concrete Block Construction
  • Favorable Unit Mix Comprised of 76% Two-Bedroom Units
  • Opportunity to Renovate 82 Remaining Standard Units to Receive an Average Monthly Rental Premium of $100
  • Spacious Low-Density Parcel

Lead Agent(s):

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Oak Crest Villas

Oak Crest Villas

Price: $ 1,880,000

Total Number of Units: 32

Address: 1641 NE 70th St, Ocala, FL 34479, United States

  • Attractive Unit Mix Consisting of 100% 868 Square Foot Two-Bedroom/One-Bathroom Units
  • Extensive Renovation Costing More than $259,000 since 2014 which includes Raised Panel Cabinetry, Faux-Granite Countertops, tile flooring and More.
  • Well-Constructed Concrete Block Asset
  • Located Only 6.3 Miles from FedEx Ground’s New $170 Million Distribution Hub

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Lafayette Apartments

Lafayette Apartments

Price: $ 375,000

Total Number of Units: 5

Address: 1919 Ricardo Avenue, Fort Myers, FL, United States

  • Optimal Unit Mix Consisting of 60% Two-Bedroom Floorplans
  • Well Built Concrete Block Construction with Central A/C
  • Low Density Community with Future Redevelopment Opportunities
  • Significant Upside Through Rental Rate Increases and Loss-to-Lease Recapture

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Rolling Hills Apartments – Closed on August 11, 2017

Rolling Hills Apartments – Closed on August 11, 2017

Price: $ 10,900,000

Total Number of Units: 152

Address: 280 John Knox Road, Tallahassee, FL, United States

  • 152 Units Located in Tallahassee, Florida
  • 91% of Original Unit Interiors Updated Since 2014
  • Extraordinarily Well-Constructed – 88% of Property Built of Concrete Block
  • 18 Townhouse Units Built in 2006; All Three-Bedroom/Three-and-One-Half-Bathroom Layouts
  • Washer/Dryer Connections and Appliances in 92% of Units

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