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Coastal Palms Multifamily Collection

Miami, FL

Asset Type Multifamily
Location Miami, FL
Year Acquired 2020
Square Footage 920 Units
Occupancy Rate 94%
Current Value $318M
Property Overview

Coastal Palms Multifamily Collection is a portfolio of three luxury apartment communities spanning 920 units across Miami’s most sought-after coastal neighborhoods. Each property features resort-style amenities including rooftop pools, fitness centers, co-working lounges, and concierge services. Acquired during a period of market dislocation, the portfolio has since undergone a comprehensive unit and common area renovation program that has repositioned it at the top tier of the Miami rental market, capturing premium rents from a highly qualified tenant base of professionals and executives.

Financial Highlights
$210M Acquisition Value
$318M Current Valuation
$16.4M NOI
5.1% Cap Rate
17.8% IRR
2.1x Equity Multiple