CASE STUDIES
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Bridgewater is just a short travel time to all of the attractions associated with downtown Orlando, providing easy access to an exceptional mix of stores and restaurants that serve residents shopping and entertainment needs. The apartment complex offers one and two bedroom resort-style apartment homes that include private screened in patios/balconies
Interior renovations included upgraded black appliances, kitchen backsplash, resurfaced countertops, thermafoil cabinet fronts, upgraded hardware and fixtures, and new vinyl sheet/carpet flooring. Exterior renovation included the installation of an outdoor kitchen, new pool furniture, resealing of the parking lot and a remodeled fitness center.
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BRIDGEWATER
41.7%
Annualized ROI YOY
$171
Avg. Rent Increase
$4.92K
Avg. Interior Reno Spend/Unit
Bridgewater is just a short travel time to all of the attractions associated with downtown Orlando, providing easy access to an exceptional mix of stores and restaurants that serve residents shopping and entertainment needs. The apartment complex offers one and two bedroom resort-style apartment homes that include private screened in patios/balconies
Interior renovations included upgraded black appliances, kitchen backsplash, resurfaced countertops, thermafoil cabinet fronts, upgraded hardware and fixtures, and new vinyl sheet/carpet flooring. Exterior renovation included the installation of an outdoor kitchen, new pool furniture, resealing of the parking lot and a remodeled fitness center.
41.7%
Annualized ROI YOY
$171
Avg. Rent Increase
$4.92K
Avg. Interior Reno Spend/Unit
Bridgewater is just a short travel time to all of the attractions associated with downtown Orlando, providing easy access to an exceptional mix of stores and restaurants that serve residents shopping and entertainment needs. The apartment complex offers one and two bedroom resort-style apartment homes that include private screened in patios/balconies
BRIDGEWATER
BISCAYNE
Biscayne is located in North Miami, Florida; close to the Aventura Mall and just minutes from Biscayne Blvd, I-95, and the Florida Turnpike. The apartment complex features one and two-bedroom floor plans and amenities including laundry rooms on every floor, two swimming pools with jacuzzi, a fitness center and a tennis court.
Interior renovations included the addition of stainless steel appliances, granite and quartz countertops in signature units and formaica countertops in premium units, thermafoil cabinet doors, upgraded flooring with vinyl sheet and carpets, updated hardware and fixtures and upgraded paint.
23.3%
Annualized ROI YOY
$83
Avg. Rent Increase
$4.26K
Avg. Interior Reno Spend/Unit
The historical capex investment of $3.93M and average 4.26K upgrade package/unit, repositioned the property and resulted in an average rent increase of $83 with an annualized 23.36% ROI for the year of the renovation.
BISCAYNE
Biscayne is located in North Miami, Florida; close to the Aventura Mall and just minutes from Biscayne Blvd, I-95, and the Florida Turnpike. The apartment complex features one and two-bedroom floor plans and amenities including laundry rooms on every floor, two swimming pools with jacuzzi, a fitness center and a tennis court.
Interior renovations included the addition of stainless steel appliances, granite and quartz countertops in signature units and formaica countertops in premium units, thermafoil cabinet doors, upgraded flooring with vinyl sheet and carpets, updated hardware and fixtures and upgraded paint.
GULL HARBOR
Gull Harbor is located in North Redington Beach, just minutes from St. Petersburg, Clearwater, and Treasure Island, FL. The property is positioned to provide its residents with a prime location and great accommodations both in the home and onsite. Amenities include two refreshing swimming pools, a renovated gym, and sundeck with outstanding views of the Gulf of Mexico.
The asset consists of 237 apartment homes, featuring upgraded kitchens, wood vinyl flooring, and modern finishes. Interior renovations consisted of new counters, backsplash, shaker cabinet fronts, light fixtures, flooring, plumbing fixtures, stainless appliances and new paint. Exterior renovations included new roofing, leasing remodeling, new pool furniture and landscaping improvements.
17%
Annualized ROI YOY
$183
Avg. Rent Increase
$12.8K
Avg. Interior Reno Spend/Unit
The $4.21M overall capex investment for this dramatic repositioning included $1.99M in interior renovations, which resulted in an average rent increase of $183 with an annualized 17.1% ROI for the year of the renovation.
GULL HARBOR
Gull Harbor is located in North Redington Beach, just minutes from St. Petersburg, Clearwater, and Treasure Island, FL. The property is positioned to provide its residents with a prime location and great accommodations both in the home and onsite. Amenities include two refreshing swimming pools, a renovated gym, and sundeck with outstanding views of the Gulf of Mexico.
The asset consists of 237 apartment homes, featuring upgraded kitchens, wood vinyl flooring, and modern finishes. Interior renovations consisted of new counters, backsplash, shaker cabinet fronts, light fixtures, flooring, plumbing fixtures, stainless appliances and new paint. Exterior renovations included new roofing, leasing remodeling, new pool furniture and landscaping improvements.
23.3%
Annualized ROI YOY
$83
Avg. Rent Increase
$4.26K
Avg. Interior Reno Spend/Unit
17%
Annualized ROI YOY
$183
Avg. Rent Increase
$12.8K
Avg. Interior Reno Spend/Unit