195 Units $150M + Buyer's Fee. Miami, FL 33137

This is a 195 unit, 60,889 square foot retail, 19-story, LEED Silver class-A high-rise abutting Miami’s Design District and Midtown neighborhoods. It was delivered in 2016 and has consistently proven to be amongst the top performing luxury apartment buildings in the market. This is evident in the Property’s last 30 leases where rents are 43% above the current rent rolls old 30 leases. Beyond near term exceptional rent growth, opportunities through light unit renovations and the introduction of short-term rentals provide the ability for ownership to acquire a high performing, cash flowing Miami high-rise with above market returns.

The Property features a market leading combination of top-of-market unit finishes, including floor-to-ceiling glass windows that maximize Biscayne Bay and downtown skyline views, and all-inclusive resort-like amenities. The property's onsite conveniences are enhanced by the Property’s location between over 1million square feet of retail, which help to earn the Property a nearly perfect 97Area Walk Score. The Property features nearly 61,000 square feet of retail that is currently 91% leased with lead tenants City Furniture and UFC Gym.

In 2024, Brightline’s Design District station is scheduled to open. The station will be less than a quarter-mile walk for residents and retail patrons. Through Brightline’s Miami Central Station, the Property will be connected to four modes of transportation and 75 stations throughout South Florida and the state. The Property’s accessible location to this station, its highway and main thoroughfare access, and its positioning between the city’s fastest growing neighborhoods elevates the property for generational success.