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
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| Market |
Clearwater, FL |
| Investment Date |
August 1999 |
| Project Size |
358 units |
| Transaction Type |
Management Turnaround |
| Status |
Realized |
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Opportunity
- Acquire a poorly managed property from a large public REIT
- Improve exposure with significant advertising, signage and public relations plan
- Upgrade management and rental structure
- Implement substantial improvements to enhance curb-appeal and property site lines
- Repair deferred maintenance items including new roofs and stairway upgrades
- Implement Premium Pricing Rental structure to capitalize on unit location and views
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