Selling STR portfolio, how can i find buyer?

Selling STR portfolio, how can i find buyer?

Investor · Panama City, FL · Member since 2019 · 51 posts · 20 votes

We have 14 STRs located in Panama City Beach / 30a area. 6 of which are three large duplex's, the rest are all SFHs and all have their own pools. All range from 1 block-4 blocks from the beach. All but one are New constructions oldest being 2 yrs old ranging to just getting completed this month. Seems like it would be a very small buyers pool. Where should we start looking? Syndications? Blackrock? Really looking to sell as portfolio. Nightmare to sell individually while in operation as STRs. 

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  • Collin HaysBusiness Member
    Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes
    1y

    Not as hard as you might think in a resort area.  Contact Andrew Steffins on this forum and get his take.  He’s in FL and knows the landscape. 

  • Real Estate Agent · Member since 2019 · 569 posts · 257 votes
    1y
    Quote from @John Bryant:

    We have 14 STRs located in Panama City Beach / 30a area. 6 of which are three large duplex's, the rest are all SFHs and all have their own pools. All range from 1 block-4 blocks from the beach. All but one are New constructions oldest being 2 yrs old ranging to just getting completed this month. Seems like it would be a very small buyers pool. Where should we start looking? Syndications? Blackrock? Really looking to sell as portfolio. Nightmare to sell individually while in operation as STRs. 


    How much would you sell the portfolio for? What is the NOI at current rental numbers and expenses?

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