Opportunities Submitted

Company Name900 Units, Florida
Contact NameWaldon Fenster
Contact EmailEmail hidden; Javascript is required.
Contact Phone(312) 330-5105
Opportunity Name900 Units, FL
Location of BusinessFL
When was the business started?-
What is the business most known for?-
Who is/are owner/owners?Privately Owned
Why sell the business?

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Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level?-
Who will remain on the ownership level?-
Is the owner(s) planning to stay around? If so, what is their thinking?

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What is the maturity level of the business?Post Revenue and Profitable
EBITDA or Profit for same period-
Trailing 12 Month Revenue-
Trailing 12 Month EBITANOI ~ $8,933,690.52
Any significant debt on the business?-
Why did the business start?

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Why did the business start?

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How did business get to where it is at?

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Aggregations or Organic growth?

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Any tailwinds or headwinds facing business/sector?

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Sector insights from owner and what the opportunity going forward with new owner might look like?

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What is the unique story of business -- how is it different then their competition –what makes them better/worse?

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Provide any additional notes, information or data that supports this opportunity

CArms - FLORIDA
Price is $220m + buyers fee
900 UNIT
Occupancy ~ 93.3%
NOI ~ $8,933,690.52
*WATERFRONT -1.5 MILES OF SHORELINE
*Extremely well-maintained, low density 2-story asset sitting on 88 acres with 1.5 miles
of frontage along the river
* 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 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
*The Property has experienced tremendous rent growth over the last 18months. 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
• 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
• Leased rent is only $1,433 while recent leases are achieving $1,900

Date CreatedJanuary 19, 2023
Date UpdatedJanuary 19, 2023