Equity Return Multiple
Property Type: Multifamily
No longer under our management. Sold in Q1 2019, Oceanfront Lofts is a 102 unit apartment complex located on the seawall providing residents with immediate gulf access and views. The property is uniquely designed to provide each resident with Gulf views. Amenities include nine or ten foot ceilings, open floor plans, a laundry facility, fitness center, swimming pool, hot tub, and tennis courts.
This was in a joint-venture partnership with Adams LaSalle Realty.