- BEST-IN-CLASS ASSET – 2021 CONSTRUCTION
- PROVEN RENTAL INCREASES OF 20%+
- MARKET RENTS BELOW COMPETITIVE SUBSET BY $175+
- EXCEPTIONAL LEASE-UP SPEAKS TO THE ASSET DESIRABILITY AND QUALITY
- OFFERED FREE AND CLEAR OF ANY EXISTING DEBT
Best-In-Class Asset – 2021 Construction
Exceptional, high-quality construction is clearly evidenced throughout Royal Palms. The community offers an impressive boutique amenity package coupled with luxurious interior finishes throughout.
Significant Rental Increases of Up to 20%+ on Lease Renewals
Due to first-round leases set drastically below market, recent leases are already achieving between $170 – $300 rent increases (which equates to increases of roughly 14% – 25%) compared to leases signed during initial lease-up! There are still approximately 50 units still leased at the very low initial rates that can easily be re-leased at or above already achieved rental rates in the complex.
Market Rents Below Competitive Subset | Upside Of $175+ Per Unit at Stabilized Rents
Current in-place rents at Royal Palms are approximately $175 – $275 below the market rents of competitive communities such as Dawson Park and Tapestry Bocage, which have a comparable amenity package and location. Simply by implementing professional management techniques and strategic marketing, new ownership will be afforded the opportunity to capture a significant lift of $219,360 in top-line revenue!
