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Completed

Verse at Royal Palm Beach Apartments

Royal Palm Beach, FL

Overview

Asset class

Real estate

Asset type

Multifamily

Strategy

Value add

Funds

Update

New acquisition

December 18, 2018

The latest execution of our affordably-priced suburban apartment strategy is one of several projects with sponsor American Landmark Apartments.

New acquisition: Apartment renovation in South Florida

Location

Royal Palm Beach, FL

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Asset type

Multifamily

Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.

Our strategy

Value add

Acquire real estate that needs improvements and / or lease-up.

Expected variability of return: High
Timing of expected return: Several months to a year
Primary expected source of returns: Growth with some rental income

More about our strategies

This section is intended to provide a general overview of the Value add strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.

Associated fund

East Coast eREIT

Closed Real estate

The East Coast eREIT focuses on a balanced approach of acquiring both debt and equity investments in commercial real estate assets located primarily in the East Coast region.

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