900 UNITS WATERFRONT BRADENTON MULTIFAMILY / OFF-MARKET / NOI $8,933,690.52

[Dimitra Manou]

BUILT IN 1980

88.2 ACRES

NOI $8,933,690.52

Occupancy 93.3%

1,032 AVG UNIT SIZE

1,548 PARKING SPACES

50 BOAT SLIPS

CLASS B

WATERFRONT -1.5 MILES OF SHORELINE IN FL

Concrete block construction with a best-in-class amenity package including two resort-

inspired pools, riverfront clubhouse for private events, bark park, with on-site dining,

retail and more

The Property has experienced tremendous rent growth over the last 18 months. In

2021, the Property averaged 34% effective rent growth on all new leases signed. For

the month of April 2022, the Property averaged 14% on renewals & 39% on new leases

Valet trash charge was recently increased in February 2022 from $12/month to

$25/month

Large unit count provides immediate scale into one of the nation’s top multifamily

markets

Extremely well-maintained, low density 2-story asset sitting on 88 acres with 1.5 miles

of frontage along the river

Leased rent is only $1,433 while recent leases are achieving $1,900+

The Property also features waterfront walking trails, two tennis courts, a basketball

court, numerous gathering areas with fire pits, grilling stations, and private boat slips for

residents

84% of units have water views and 100% of ground floor units have outside patios

Current ownership has spent $9M on capex since 2018 including: renovated riverfront

and lakefront clubhouse, gym expansion, walking trails, gas summer BBQ kitchens and

much more.

Asking Price $220,000,000 + buyers fee