Portfolio
Acquisition and Management
The Iris at Northpointe
Acquisition & Management of Stabilized Class-A Project
Financial Highlights: High IRR and Cash on Cash Returns.
Project Description: Financed, Purchased and Manage Class-A Project. Consists of 3 Story 252 units, it was acquired in October 2020.
Location Highlights: Located in Tampa, Florida close to University of South Florida and I- 75/I-4, very close to employment centers.
Project Pipeline
Chelsea Parc
Land Use Change & Entitlement of a 254 Unit, 2 Story Garden Project
Financial Highlights: High projected IRR and Cash on Cash Returns
Project Overview: Entitle, construct, lease, and manage 254-unit “AAA” Luxury Multifamily Project, Average Unit Size 1,100 sf, Vertical development anticipated 4Q 2021
Location Highlights: Davie, Florida (Broward), University Blvd Retail Corridor, Strong Retail Area with easy access to I-595; I-75 and Turnpike; close to Ft. Lauderdale Int’l Airport (FLL)
Project Pipeline
Plantation Midtown Square
Land Use Change & Entitlement of a Mixed Use 574 Units & 21.000 sf Retail Project
Financial Highlights: For Phase 1: 240 Units 5 Story Mid-Rise, high projected IRR and Cash on Cash Return.
Project Overview: Demolition and Entitlement of 25-Acre Property (Completed), Future TM Ground-up Development with Midrise towers totaling 480 units with a 94-townhome parcel and 21,500sq. ft. of retail in hard corner.
Acquisition of Distressed Office Campus
Lincoln and Washington Square
Acquisition of 196,000 SF Distressed Office Campus
Financial Highlights: Acquired Lincoln and Washington Square. Increased occupancy more than half in Lincoln Square. Returned all of Investor Equity upon sale of only Washington Square in December 2019. Lincoln square is currently highly leased and produces high free cash flow.
Project Fundamentals: Office Campus with 196,000sq. ft. on approximately 10 acres. Solid Government sponsored Tenant base.
Location Highlights: Miami Gardens, Florida, has easy access to turnpike; I-95; 826 and 441. It is also the most prominent building in the area.
Land Use Change; Entitlement, Development and Management
Shalimar at Davie
Land Use Change; Entitlement & Development of 240-Unit 3 Story Garden Project
Financial Highlights: High IRR and Cash on Cash returns
Project Overview: Shalimar at Davie is a 240 Unit, 3-story ground-up development over 13 acres of land. It was rezoned and entitled, with Kaufman Lynn being the General Constructor, it was delivered on time and within budget.
Location Overview: It is located in Davie, Florida, within 1.1 miles from SF University Blvd Retail Corridor.
Acquisition and Management
The Addison at Tampa Oaks
Acquisition & Management of Stabilized Class-A Project
Financial Highlights: High IRR and Cash on Cash Returns
Project Description: Financed, Purchased & Manage Class-A Project. Consists of 3 and 4 Story 262 Units on 9 acres of land, it was acquired in June 2019.
Location Highlights: It is located in Tampa, Florida close to Univ of South Florida & I- 75/I-4, very close to employment centers.
Value-Add Acquisition
The Element at Metrowest
304-Unit Fractured Condo Value-Add Acquisition
Financial Highlights: High IRR return in a two-year hold and high Cash on Cash return
Location Highlights: Orlando, Florida. Just north of Universal Studios.
Project Description: Value-add Acquisition, improved common areas as well as unit interiors increasing rents over 10%, increased projected occupancy to over 95%.
Land Acquisition and Entitlement
Valencia
Land Acquisition and Entitlement Project
Financial Highlights: High IRR and Equity Multiple Return
Location Overview: Coral Gables Florida (Miami-Dade) near Miracle Mile.
Project Description: Increased floor area ratio from 2.0 to 3.0 and height from 66 ft to 150 ft. Project was fully entitled, designed and approved for a luxury condominium development at time of sale.
Acquisition
La Costa at Dobson Ranch
194-Unit Acquisition
Financial Highlights: High IRR over a 4-year period
Location Overview: Mesa, Arizona
Project Description: Opportunistic, distressed asset investment. 2- story garden style 194 units.
Distressed Asset Acquisition
Cottage Cove
468-Unit Distressed Asset Acquisition
Financial Highlights:High IRR over a 7-year period
Location Overview: Miami, Florida. Close to employment centers and retail areas.
Project Description: Opportunistic, distressed asset investment. 1, 2 and 3 story buildings, 468 units.
Project Pipeline
Shalimar at Boynton Beach
Land Use Change; Entitlement, Development And Management
Financial Highlights: High IRR
Location Overview: Boynton Beach, Florida. Close to Boynton Beach Boulevard.
Project Description: Shalimar at Boynton Beach is a 250-unit rental apartment community consisting of 3 and 4 story buildings with 1st floor garages, a 2-story clubhouse with a beach entry pool and 8,000 square feet of inline retail space along Boynton Beach Boulevard