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Irreplaceable Location in one of Orlando’s Most Dynamic Submarkets

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Haven at Reunion, a brand-new apartment home community in Kissimmee, Florida. The 338-unit property consists of three-story garden style buildings with an average unit size of 989 square feet. Developed in 2019, the property consists of a mix of one-, two- and three-bedroom residences with expansive common area amenities and market leading finishes. The location of Haven at Reunion is just minutes from I-4 providing residents with excellent access to the areas’s top employers such as Walt Disney World, Universal Studios, NeoCity, Lake Nona, Darden Restaurants, Lockheed Martin, and AdventHealth.

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Sold
Haven at Reunion
338 Units
7995 Haven Way
Kissimmee, FL  34747
Type: Conventional
Closed: 10/15/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the investment opportunity to acquire Ventura Pointe – a premier 206-unit apartment home community located in Pembroke Pines, Florida. The property is comprised of four- and five-story elevatored garden buildings with an average unit size of 958 square feet.

Ventura Pointe is centrally located in Pembroke Pines and provides convenient access to the employment markets of Miramar, Plantation, Sunrise and the South Florida Education Corridor. The property is also adjacent to the 301-bed Memorial Hospital Pembroke. Located on University Drive with drive-by exposure to 53,000 cars, residents have excellent access to retail and entertainment along the corridor with a new Lucky’s Market opening less than one mile from the property. Ventura Pointe opened in April 2018 and is finalizing its lease-up.

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Ventura Pointe
206 Units
7850 Pasadena Blvd.
Pembroke Pines, FL  33024
Closed: 9/30/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Altis Bonterra, a brand new, stabilized apartment home community located in greater Miami. The property has 314 residences in three-story buildings, all with private entrances and direct access garages to 35% of the apartment homes. Conveniently located with immediate access to I-75 and the recently completed infrastructure project connecting I-75 and the Florida Turnpike, residents can access the major employment markets within both Broward and Miami-Dade Counties. Additionally, two miles north, the $4 billion, 6.2M-square-foot American Dream Mall is approved and will be a catalyst for the area. Altis Bonterra is considered one of the highest quality suburban multifamily assets within Miami. The property boasts an established demographic with an average age of 37 and average household income exceeding $100,000. Altis Bonterra is being offered to the market for the first time by its nationally-recognized developer, The Altman Companies.

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Sold
Altis Bonterra
314 Units
3545 West 98th Street
Hialeah, FL  33018
Type: Conventional
Closed: 8/15/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire 8800 Doral (the “Property”) - a Class-AAA, 550-apartment-home, luxury midrise residential community located in the heart of Doral, Florida, offered for the first time by its globally-renowned developer, Hines. The Property was opened in 2018 and recently completed its lease-up. The Property is located at the Doral’s main and main, which makes it steps away from key points of interest such as Trump Doral and billions of dollars in mixed-use developments in Downtown Doral and CityPlace Doral. Within a one-mile radius of the Property is 5.1 million square feet of office space, including multiple international, North American, and regional headquarters. Driven by the abundance of high paying jobs and excellent schools, Doral is projected to continue its rapid growth - strengthening 8800 Doral’s long-term demand. 8800 Doral presents a rare opportunity to acquire a new construction, stabilized Miami-Dade luxury apartment community at the epicenter of its fastest growing city.

8800 Doral has been developed by Hines and designed by Arquitectonica. This combination of an industry leading developer and Miami based, world-class architect has positioned 8800 Doral as a long term, best-in-class asset that has set the standard for luxury living in Doral.

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8800 Doral
550 Units
8800 Doral Blvd.
Doral, FL  33178
Type: Conventional
Closed: 8/14/2019
CALL FOR OFFERS MARCH 6, 2019
Available Individually or in Conjunction with Lakes at North Port

Cushman & Wakefield, as exclusive advisor, is pleased to present The Park at Ashley Place, located in New Port Richey, Florida. The asset is a 143-unit class "B" garden-style apartment community built in 1986 of concrete block construction.

The Park at Ashley Place offers a high impact value-add upside. Based on current market competitive set analysis, a value-add program will allow monthly market rents to be increased by an average of $212 per unit from the current in-place rents.

The community is just over a 30-minute commute to Downtown Tampa, Tampa International Airport, the Westshore Business District, plus only minutes from "A" rated Trinity Hospital and over 24 million square feet of new office and industrial space.

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The Park at Ashley Place
143 Units
4031 Vista Verde Drive
New Port Richey, FL  34655
Closed: 8/8/2019
The Perfect Sunrise Location with Tremendous Upside

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Nexus Sawgrass, a 501-unit core-plus opportunity located in Sunrise, Florida. Developed in 2013, the property consists of a mix of four-story midrise and three-story garden buildings. Current ownership has been upgrading the bedrooms with hard surface flooring on 47 units and has been achieving average premiums of approximately $45. With the quality construction and location, Cushman & Wakefield projects additional upside potential to include: continuation of the hard surface flooring, upgraded light & fan package, backsplash, USB ports and updated appliances. The location of Nexus Sawgrass in Sunrise offers the ultimate in access to jobs and retail within a quintessential Florida suburban community. The property is less than two miles from the 612-acre, Sawgrass International Corporate Park and is walking distance to the 2.3 million sf Sawgrass Mills Mall. It also has immediate access to the Sawgrass Expressway, I-75, and I-595 which have undergone over $2.2B in improvements allowing residents direct commutes to the major employment centers in Broward and Miami-Dade Counties.

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Nexus Sawgrass
501 Units
2903 NW 130th Avenue
Sunrise, FL  33323
Type: Conventional
Closed: 6/27/2019
Attractive Location in one of Orlando's Most Dynamic Submarkets

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Alta Grande, a brand-new apartment home community in South Orlando. The 314-unit property consists of three-story garden-style buildings with an average unit size of 969 square feet. Developed in 2018, the property consists of a mix of one-, two- and three-bedroom residences with expansive state-of-the-art amenities and market-leading finish levels. The location of Alta Grande in South Orlando offers the ultimate access to jobs, retail and entertainment. The property is less than 5 minutes from SouthPark Center, a 1.5 million square foot office park as well as just minutes from two Fortune 500 companies, Lockheed Martin and Darden Restaurants. Residents also have access to I-4, The Beachline Expressway (FL-528) and Florida’s Turnpike, allowing residents easy access to Orlando’s major employers.

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Alta Grande
314 Units
3512 Grande Reserve Way
Orlando, FL  32837
Type: Conventional
Closed: 6/13/2019

Cushman & Wakefield, as exclusive advisor, is pleased to present the extraordinary opportunity to acquire Icon Las Olas – an iconic 44-story residential high-rise overlooking historic Las Olas Boulevard, the Atlantic Ocean, downtown Fort Lauderdale and the New River.This coveted and irreplaceable asset opened in October 2017, and is comprised of 272 luxury residences and three top-rated restaurants: Etaru Japanese Bar + Grill, Salt Seven Modern Eatery & Lounge and IT! Italy Café.

A Trophy Residential Tower

Rising 44 stories, Icon is the tallest building in Fort Lauderdale. Suspended atop the skyline and nestled between Las Olas’ preeminent high street and the New River, Icon presents unobstructed views of the ocean, downtown and Las Olas Boulevard. An asset of this awe-inspiring height, condominium quality finish, architecture and irreplaceable location, make it a rare acquisition opportunity and the premier asset of an investment portfolio for generations as it commands the center of a major downtown.

Superior Asset Quality and Unit Sizes

Built with the most discerning residents in mind, Icon Las Olas sets a new standard of excellence. The building’s unique curvature, glass façade, and sheer height evoke feelings of opulence. All units feature floor-to-ceiling glass, interiors designed by internationally recognized Steven G., and exceptional interior finishes that include built-in Sub Zero and Bosch appliances. Average unit sizes are a remarkable 1,516 square feet, dwarfing the market average by over fifty percent.

Performance Fueled by Affluence

Icon Las Olas has performed in record setting fashion as the market enthusiastically responded to the ultra-luxury niche. The property has achieved stabilization in just over 12 months while boasting an affluent tenant base with the highest household incomes in South Florida, placing the rent to income ratios comfortably below market norms.

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Icon Las Olas
272 Units
500 East Las Olas Boulevard
Fort Lauderdale, FL  33301
Closed: 6/5/2019

Cushman & Wakefield, as exclusive advisor, is please to present the opportunity to acquire Avana Cypress Creek, a 220 unit multifamily asset located in Broward County. The property was delivered in 2009 at the start of the current development cycle. The property represents a first generation value-add opportunity with a continuation of a light renovation program enhancing unit interiors. Current ownership has started renovating the units and is achieving average premiums of $70. With well-designed floorplans and direct-access garages in 36% of the units, Avana Cypress Creek is poised to better compete with the newer assets which were recently delivered in the market. The current upgrades include vinyl-plank flooring, backsplash, Nest thermostats and other in-unit upgrades. The property is located adjacent to Florida’s Turnpike, providing excellent exposure and connectivity to South Florida’s largest employment centers of Cypress Creek, Sunrise, Plantation and Boca Raton.

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Avana Cypress Creek
220 Units
1700 South State Road 7
North Lauderdale, FL  33068
Type: Conventional
Closed: 5/8/2019