About
About Gulf Coast BTR Development Portfolio
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listings of three Build-to-Rent sites with entitlements in place: the 18-acre The Crofts at Daphne, the 23-acre Riverchase at Pathstone, and the 45-acre Navy Crossing development opportunities. The three land sites are located in some of the fastest growing markets of Alabama and Northwest Florida with the potential to construct nearly 600 Build-to-Rent units. The Crofts at Daphne is located in a high-barrier to entry market as the city of Daphne has placed heavy restrictions on new multifamily projects, pushing rent levels to all time highs with 18% YoY rent growth. Riverchase at Pathstone and Navy Crossing brings the opportunity to invest in the northern and southern markets of Pensacola, an area that has achieved 40% rent growth over the last 5 years (14% YoY). Developers will not want to miss out on these opportunities as BTR growth is expected to top traditional multifamily, office, retail, storage, and hospitality growth by the end of 2022. Investors will have the option to purchase each site separately or as a portfolio.
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