JV Equity | Trophy High Rise Development | Fort Lauderdale, Florida
October 27, 2025
The Carlton Group has been exclusively engaged to source approximately $50 million of JV equity for a Class A, Trophy, multifamily development in Fort Lauderdale, Florida—a prime residential market with no competing projects scheduled to be delivered with in 12 months of lease-up.
Key Highlights:
- Yield on Cost: 6.7%
- Projected Returns: 39.3% IRR and 2.6X Equity Multiple.
- Total Development Costs: $170 Million.
- Project Amenities include a Resort-Style Swimming Pool, Jacuzzi, 24/7 Fitness Center, Outdoor Pavillion, Bocce Ball Court, Electric Car Charging Stations, etc.
Property Snapshot
- Unit Mix: Studios, 1BRs, 2BRs, 3BRs
- Amenities: 10,000+ SF outdoor amenity space, state-of-the-art fitness center, yoga studio, meditation garden, lap pool(s)
- Walkable To: The Riverwalk & Riverfront, Las Olas shops/dining, Riverfront Marina, Whole Foods, Publix, Walgreens, Starbucks, Fleming’s, The Cheesecake Factory’s
The Carlton Group – New York
535 Fifth Avenue | New York, NY 10017 | +1.212.716-5611
The Carlton Group – Miami
1111 Brickell Avenue | Miami, FL 33131 | +1.786.671-2540
Michael Campbell
mjc@carltongroup.com
Daniel Bildner
dbildner@carltongroup.com
Brian Nuesi
bnuesi@carltongroup.com
Ryan Miller
rmiller@carltongroup.com
Chris Bardales
cbardales@carltongroup.com
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JV Equity | Trophy High Rise Development | Fort Lauderdale, Florida
