St. Petersburg, Florida | Multifamily JV Opportunity
February 7, 2023
The Carlton Group has been engaged as the exclusive advisor to secure approximately $40 Million of JV Equity for a 285-unit, Class-A Multifamily development in St Petersburg, FL, one of Florida’s fastest growing markets.
Key Highlights:
- The total project cost is ~$172 Million.
- Projected deal level returns are ~30% IRR and a 2.2X Equity Multiple over a 3-year hold period.
- The Project will feature state-of-the art amenities with over a total of 265,106 NSF.
- Sponsors have a strong track record of developing best-in-class projects.
If you have interest, more detailed information will be provided upon request.
Michael Campbell
Chief Executive Officer
Office.212.716.5611 | Mobile.201.232.5244
360 Madison Avenue NY, NY 10017
Previous NextContact
For new business inquiries, fill out the form or call us and the appropriate representative will be in touch.
Michael Campbell, CEO
MJC@carltongroup.com
212-716-5611
St. Petersburg, Florida | Multifamily JV Opportunity
