Tampa, Florida | Joint Venture Equity | Value-Add 700 Unit Multifamily Acquisition

January 6, 2019

As exclusive advisor, we are seeking approximately $45 million of Joint Venture (JV) Equity to acquire and reposition a 700 unit Multifamily property in the Tampa, Florida area.

Property Highlights

  • The Property is UNDER CONTRACT.
  • Based on a 5 year hold, the Investment produces:
    • An average annual return of approximately 10%.
    • Over a 2.15X Equity Multiple.
    • Over a 20% IRR.
  • Agency debt financing is already lined up with favorable terms to the Sponsor.
  • Sponsor is investing approximately $8K per unit for renovation, which will result in significant rent increases.
  • Sponsor has over 30 years of experience and maintains a multifamily portfolio in the region.

If you would like to discuss further, either CLICK here or reply “Okay” to this email to agree to the Confidentiality Agreement outlined below.

By replying “OK,” you hereby agree to keep any and all information delivered by The Carlton Group, Ltd. (“Carlton”) with respect to the Tampa, Florida Multifamily Property Acquisition (the “Asset”) strictly confidential and shall not disclose any such information to any third party without Carlton’s prior written consent, except to your officers, directors, affiliates, partners, members, employees, financial advisors, legal counsel and accountants on a need to know basis and shall be responsible for any breach of your agreement by such third parties. Notwithstanding the foregoing, such information does not include information that (a) is or becomes publicly available (other than as a result of a disclosure by you in violation of this agreement) or (b) was or is independently developed by you without use of the information furnished by us. Furthermore, you agree that you shall not, without Carlton’s prior written consent and participation (i) pursue or engage in any transaction regarding the Asset, or (ii) except in the ordinary course of your business unrelated to the Asset, communicate with the seller, owner, partner or investor of or in the Asset, any lender, tenant, borrower, guarantor, franchisor, manager, contractor and/or obligor connected with, related to, and/or whose name is obtained from the provided information with respect to the Asset. The above provisions shall terminate on the earlier to occur of one year from the date hereof or the execution of a definitive agreement with respect to the Asset.


Michael J. Campbell – CEO
(212) 716-5611
MJC@carltongroup.com

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Tampa, Florida | Joint Venture Equity | Value-Add 700 Unit Multifamily Acquisition