$35MM Multifamily Property Acquisition|Miami, FL

Structured and arranged joint venture equity to capitalize the acquisition and repositioning of a 243-unit multifamily property in Miami, Florida.

Challenges

The value-add proposition was undermined by the seller’s limited success in increasing rental rates after upgrading half of the property’s units. Additionally, the sponsor’s track record consisted of one multifamily acquisition of a comparable size, and no previous history with institutional equity partners.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057