The Cove Apartments 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 Tampa, FL Investment Date September 1999 Project Size 689 units Transaction Type Discounted Purchase Status Realized Opportunity Acquire a poorly managed, well-located property from an institutional owner Improve the property's amenities and curb-appeal to enhance its position in the marketplace Capitalize on the bayside location with a significant renovation to the clubhouse and amenity center including a "resort-like" pool, deck and beach features Implement Laramar Management structure including Lease Expiration Management LEM and Revenue Management Repair deferred maintenance, including major roof reconstruction and upgrades of kitchens and bathrooms