Resort-style Multifamily Investment

This resort-style asset is part of our fund’s multifamily portfolio and consists of a new construction project located in a completely developed master-planned community. This created a supply-constrained submarket with no competing development sites available and no rental product introduced over a decade.  The rare opportunity to acquire the land came through our relationship with a local partner, who purchased the land from a country club in the process of reducing its footprint.  The development team successfully executed construction, lease-up, and stabilization before fully realizing the investment through a sale.