Multifamily Beach Community Investment

This multifamily portfolio investment is a beach community property and one of the only rental communities with more than fifty units from St. Pete Beach to Clearwater Beach, making the investment an attractive long-term hold in a supply-constrained area. The property was purchased off-market from the heirs to the original developer through our relationship with a local, repeat partner.  Despite never being renovated, it operates near full occupancy, creating an opportunity to create additional value through active management and redevelopment.