Project
On the heels of the 2008 financial crisis and the subsequent fallout for multi-family developers, our team identified an opportunity to invest in underperforming Florida properties. The first of these opportunities, Golf Brook and Sabal Park Apartments, fell into foreclosure in 2008 and were purchased by our team in 2009.
The well-positioned, 357-unit properties were purchased at a substantial discount, allowing our team to invest in necessary capital improvements while generating consistent cash flow and a strong return for investors.
Under our team's ownership and oversight, occupancy levels remained above 97%, and investment partners received more than 100% of their original invested capital through a 2014 refinance and 2021 sale.
