Snell Isle Case Study Foxbridge Lynnewood Gardens Apartments Snell Isle Southern Meadows The Columbus Apartments The Cove Apartments The Fillmore Center The Park Kiely The Woodlands of Crest Hill Apartments Market St. Petersburg, FL Investment Date August 2007 Project Size 272 units Transaction Type Strategic Redevelopment / Distressed Situation Status Mid-Renovation Opportunity Acquire a distressed asset with a unique, waterfront location at a significant discount Implement a strategic and thorough renovation including unit interior improvements, exterior façade and roof repairs, and landscaping upgrades Enhance the property’s appeal by adding creative amenities, upgrading existing amenities, and creating a new leasing and amenity center Execute a dynamic and focused marketing strategy including community events and outreach programs Investigate the opportunity to add desirable boat slips to the property