JV Equity | High-Rise Multifamily Development | North Miami Beach, FL
April 1, 2025
The Carlton Group is engaged to source approximately $30 Million of LP Equity for a 350-Unit Multifamily Development in North Miami Beach (the “Project”). The Project will feature over 300,000 SF of rentable residential space, 3,040 SF of ground-floor retail space, and a best-in-class amenities package.
Key Highlights:
- Projected Returns: 25% IRR and 2.2X Equity Multiple.
- Total Development Costs: $178 Million.
- Stabilized NOI: $10.8 Million.
- Project Amenities include a Resort-Style Swimming Pool, Jacuzzi, 24/7 Fitness Center, Outdoor Pavillion, Bocce Ball Court, Electric Car Charging Stations, etc.
The Carlton Group – Florida
1111 Brickell Avenue | Miami, FL 33131 | +1.786.671.2540
Michael Campbell
mjc@carltongroup.com
Dan Bildner
dbildner@carltongroup.com
Sebastian Camara
sebastian@carltongroup.com
Thibault Ferage
thibault@carltongroup.com
Brian Nuesi
bnuesi@carltongroup.com
Ryan Miller
rmiller@carltongroup.com
Contact
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JV Equity | High-Rise Multifamily Development | North Miami Beach, FL
