Baron Property Group Secures $206 Million Construction Loan For Metro Parc North in Hialeah

Miami- and New York-based real estate developer Baron Property Group (“BPG”) have closed on $206 million in construction financing for Metro Parc North, a new ground-up residential multifamily development in Hialeah, FL. Post Road Group, a private investment firm, provided the loan and Ayush Kapahi, principal and founding partner at commercial real estate advisory HKS Real Estate Advisors, facilitated the deal. Construction on Metro Parc North is well underway after breaking ground last month and is slated for completion in late 2027.

Metro Parc North is Baron Property Group’s second transit-oriented development in Hialeah. BPG closed on a $148 million construction loan with Post Road Group and HKS in September 2022 to capitalize Metro Parc, a Class-A mixed-use development offering retail and 559 rental homes adjacent to Metro Parc North.

“Securing this construction financing from Post Road Group continues to strengthen our vision for Hialeah’s transformation and was a significant milestone both for this development and Baron Property Group,” said Matthew Baron, Founder and President of Baron Property Group. “This financing is a testament to our ability to deliver a high-quality residential community that contributes to the city's growth. With its modern design, luxury amenities and seamless connectivity to public transit, Metro Parc North will set a new standard for living in the area.”

“We are pleased to again provide financing to support the development of Metro Parc North, a high-quality, transformative residential community,” said Jason Carney, Partner and Head of Real Estate Credit at Post Road Group. “Baron Property Group’s experience and expertise, coupled with their vision for Hialeah’s continued growth, make this an exciting opportunity. We look forward to partnering with Matt and his team as they work to complete the project.”

"Securing financing for Metro Parc North alongside Baron Property Group reinforces our shared commitment to shaping Hialeah's future," said Ayush Kapahi, principal and founding partner at HKS. "This project is more than just a residential development — it's a pivotal step in creating a vibrant, transit-connected community. At HKS, we remain focused on delivering strategic solutions that drive urban growth and create long-term value for developers and the neighborhoods they serve."

Designed by Modis Architects, Metro Parc North will offer 661 rental residences ranging from studios to three-bedroom homes. Residences will feature open-concept floor plans, luxury flooring, designer kitchens with stainless steel appliances, in-unit washers and dryers, spacious closets and large private balconies. Residents will enjoy a full-service, highly amenitized lifestyle featuring a 24-hour concierge, resort-style pool with private cabanas, outdoor kitchens, coworking spaces, a multi-purpose clubroom, secure bike storage, pet grooming stations and on-site parking.

Spanning more than the entire block adjacent to the Metrorail entrance and Hialeah Hospital, one of the largest hospitals in Florida, Metro Parc North rises directly next to Metro Parc, Baron Property Group’s 559-unit residential development featuring over 15,000 square feet of retail space. Combined, these two projects span nearly two million square feet and offer upscale apartments and retail options that introduce a fresh lifestyle opportunity to the rapidly expanding Hialeah residential market.

Renderings via Baron Property Group

MG Developer And Baron Property Group Reveal $600 Million 'Metro Center' In Hialeah

The Coral Gables-based MG Developer, alongside their partner Baron Property Group (BPG), a New York-based development company, have revealed their plans for a new Hialeah, Metro Center. This $600 million landmark development will comprise nearly 2.3 million square feet of upscale apartments, and retail space between Metro Parc, Metro Parc North, and Metro Parc South, all located in a transit-oriented community in the heart of Hialeah that will revolutionize urban living in the city.

Metro Center is an exciting addition to MG Developer’s growing portfolio in South Florida as the organization has been working closely with the city of Hialeah to realize its vision of a modern transit-oriented community in the city’s emerging urban core.

“We are thrilled to introduce Metro Center to Hialeah,” said Alirio Torrealba, CEO of MG Developer. “These combined developments redefine urban living in the city and provide high-quality housing, seamless transit access, and a vibrant community experience that aligns with Hialeah’s transformation into a forward-thinking Miami that is inspired by its history, culture, and the arts. We are committed to the City of Hialeah and its beautification.”

The developers are adding more than $600 million in value to the destination with the developments of Metro Parc, Metro Parc North, and now Metro Parc South. Metro Center will provide nearly 1,600 attainable contemporary apartments to the City of Hialeah that will be within walking distance of the Metrorail and Tri-Rail Transfer Station. MG’s first multifamily building, Metro Parc, is a 559-unit, 10-story building that broke ground in 2022. Metro Parc North, with 620 apartments will rise next to Metro Parc at 983 East 26th Street and is expected to be completed in 2026. Metro Parc South, a 347-unit building, the latest of MG’s transit-oriented multifamily communities to be unveiled will be located at 954 & 934 E 25th Street and is slated for completion in 2027.

When completed, Metro Center will be considered Hialeah’s modern living lifestyle center that will boast more than 35,000 square feet of ground floor commercial space ideal for restaurants, cafes, boutique shops, health & fitness outlets, as well as a specialty market, all in the heart of Hialeah. It will also be a short distance from Hialeah Hospital, Amelia Earhart Park, Factory Town, and only 15 minutes from Miami International Airport. The entire Metro Center complex is expected to be completed in 2027.

“By transforming a depreciating area into a vibrant residential destination, Metro Center breathes new life into the neighborhood, preserving its character, and creating housing options that reflect its authentic identity,” added Torrealba.

As Hialeah transitions from the "City of Progress" to a "Forward-Thinking" Miami, Metro Center is being designed to cater to young professionals seeking a dynamic lifestyle that is close to parks, dining, work, arts & culture, as well as entertainment venues, while also providing convenient access to the entire South Florida region through efficient train commutes.

A short distance from Metro Center is MG’s Metro Station, a 55-unit building, that is another transit-oriented multifamily community located at 2691 East 11th Avenue.

MG Developer and Baron Property Group’s acquisition of Metro Parc in 2021, marked the start of the MG’s multifamily rental division. MG is committed to fulfilling the demand in the City of Progress for high-quality housing in the area while also giving residents the ability to commute easier and faster.

Under the leadership of Alirio Torrealba, MG Developer is a residential property development company based in Coral Gables, Florida, offering a wide range of real estate services, including concept creation, property site selection, and project advancement. Torrealba has already completed 11 developments and has nearly $1.5 billion in developments in planning throughout South Florida, establishing MG as one of the most active developers in Florida today.

MG Developer and Baron Property Group Secure $148 Million Construction Loan From Post Road Group For Metro Parc

MG Developer and Baron Property Group, in partnership with Township Capital, have secured a $148 million construction loan from Post Road Group for Metro Parc, a 10-story, two-tower apartment rental property located at 955 East 25th Street and 980 East 26th Street in Hialeah, Florida. Ayush Kapahi of HKS Real Estate Advisors procured the 30-month loan and Managing Director Dmitry Levkov and Executive Director Jeffrey Donelly of Colliers International’s Structured Finance Group arranged the financing.

Metro Parc is a 2.5-acre residential mixed-use development that will rise 10-stories and deliver 559 rental apartments ranging from 500 to 800 square feet. When completed it will be the tallest building in Hialeah. The property’s amenities will include co-working spaces, an outdoor kitchen, a pool, and gym as well as ground-level retail spaces, parking, and a Latin-inspired food marketplace. Construction for the community will commence in December 2022 and is expected to be completed in the second quarter of 2024.

“We are excited to partner with Baron Property Group and Post Road Group to bring Metro Parc to life. This project will mark the first of more to come for us in Hialeah and we are thrilled about the future we have planned in the City of Progress,” said Alirio Torrealba, CEO and Founder of MG Developer. “We are grateful to Baron Property Group, well-recognized for its more than two decades of experience in multifamily housing, for trusting in us to continue expanding their multifamily housing portfolio in this region.”

MG Developer’s acquisition of Metro Parc, its first multifamily project, in the fourth quarter of 2021 kick-started the company’s multifamily rental buildings division and long-term partnership with New York-based development company Baron Property Group.

“MG Developer has earned a stellar reputation for elevating communities, and that is exactly what we look forward to continue doing as we grow deeper into our partnership and build more impressive projects throughout South Florida,” added Matthew Baron, President and Founder of Baron Property Group.

“We believe Metro Parc is well-positioned to capture leasing demand in the bourgeoning Hialeah area and we are pleased to deliver a single-source, balance sheet financing solution to MG Developer and Baron Property Group,” added, Jason Carney, partner of Post Road Group. “This transaction aligns with Post Road’s investment strategy of financing strong developers seeking to establish cost-effective housing options in growth markets across the U.S and continues building our lending footprint in the Southeast.”

Metro Parc is conveniently located two blocks from the Metrorail and Tri-Rail Transfer Station, bringing a new chic urban lifestyle to the transient-oriented community. The site is also walking distance to Hialeah Medical Services and only a mile from Hialeah’s Arts District, which will soon become home to a vibrant cultural and entertainment scene featuring galleries, breweries, restaurants, shops and the expansive Amelia Earhart Park.

“We anchored our future in Hialeah with Metro Parc, and now we are committed to its growth and setting an enhanced standard of living while reimagining an entirely new community in Hialeah,” concluded Torrealba.

In addition to Metro Parc, this past August, MG Developer unveiled a new showroom for Gables Village, a luxurious 48-residence community in Coral Gables, spread amongst an expansive 17-lot area bordered by Malaga Avenue, Santander Avenue, Segovia Street and Hernando Street. Gables Village will include townhomes, duplexes, lofts, flats that range size, from 1,750 to 3,100 square feet. The company also recently completed development of Althea Row, which nearly sold-out in less than 90 days. It expects to soon complete development of its Biltmore Square community with Biltmore Row, a stunning row of 10 exclusive townhomes featuring a total of 5,561 square feet each with classical design elements found in Spanish colonial architecture.

These development projects build upon MG Developer’s recently announced acquisitions of Merrick Parc and Alhambra Parc, developments that will, when constructed, consist of 450-luxury rental units in Miami and a mixed-use apartment community with ground-floor retail in Coral Gables, respectively.

Shoma Group Delivers Mixed-Use Multifamily Shoma Village In Hialeah

Miami-based developer Shoma Group has completed its two-tower, 304-unit multifamily rental community in Hialeah, Shoma Village. They will begin welcoming residents to their brand new apartments on August 1. Leased by KW Property Management & Consulting and managed by Shoma MGMT, the development is 65% rented and expected to be fully leased by the end of summer. Amid South Florida's red-hot real estate market, Shoma Village is the latest example of a growing trend of new apartment buildings that have opened with over half of its units rented.

The project’s success is a testament to Shoma’s shrewdness as a developer who identifies and builds in promising areas often bringing a new type of product to the neighborhood. Shoma Village is leading a wave of new development and investment trickling into Hialeah, known as the City of Progress, aiming to spur economic growth and cater to a younger demographic of professionals who are Hialeah natives. The project was one of the first new Class A mixed-use housing and retail developments to break ground in the community in recent years. In addition to apartments, it will deliver an upscale Shoma Bazaar food hall, hair salon and store.

“Hialeah has always been a desirable location full of possibilities. That was true when we built Shoma Homes at Country Club of Miami here 20 years ago, and it’s still true today,” said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. “The overwhelming response we've seen, with the first tower becoming fully leased before future tenants could even tour the finished product, shows the unprecedented demand for brand new, Class A housing in this area with a large list of amenities, a private parking garage, and a Shoma Bazaar with retail space on site. People are ready for a new standard of living in Hialeah.”

Shoma Village offers elevated, thoughtfully designed common and living spaces by architecture and design firm MSA Architects. Floorplans at Shoma Village range from studios measuring about 640 square feet to three-bedroom units totaling about 1,370 square feet. The units offer a bright and lively atmosphere, boasting chic barn doors, spacious walk-in and linen closets, and an inviting wood-style flooring throughout each apartment. They also include private balconies, energy efficient hurricane-impact windows, Honeywell PRO programmable thermostats, and Whirlpool front-load washers. Kitchens and bathrooms feature quartz and Marble-Lite countertops, designer vanities, a rain showerhead, and an oversized soaking bathtub. Tech-savvy security upgrades include fingerprint readers, keyless entry, and ButterflyMX video intercoms that allow residents to easily and securely let in visitors from their smartphones.

Residents have access to a wide array of amenities for their entertainment and leisure. These include a fully equipped fitness center with yoga, spinning, and an interactive mirror, a private conference room, and a two-story clubroom with extra large LED TVs, kitchens, and a pool table. Outdoor amenities include a large pool with a gazebo and courtyard, a playground, a grilling area, and a dog park. As with other Shoma developments, pet owners will have the additional benefit of an on-site Evolution Pet Spa.

The apartments will be anchored by a 22,000-square-foot Shoma Bazaar food hall and 12,000 square feet of on-site retail shops. In addition, a night concierge, covered and gated parking garage, and electric car station will provide extra safety and convenience for residents as they come and go from the property.

“We could not be happier with the amazing reception that Shoma Village has seen and we look forward to continuing that momentum as we lease the second tower,” said Stephanie Shojaee, President of Shoma Group. “We have put our heart and soul into carefully selecting every color, finish, and feature to make Shoma Village an exemplary and enjoyable live-work-play community for Hialeah. I am very excited to introduce it to the community and welcome people into their new, luxurious homes.”

Upon moving in, residents will receive housewarming gifts from Kris Jenner's home care line, Safely, including complimentary plant-based cleaning products, and from Shoma, including a glass water bottle, coffee mug, hand sanitizer, duffle bag, and Lemon Perfect flavored water.

Shoma Village is located at 445 Hialeah Dr., Hialeah, FL 33010.

Images via Shoma Group

The Coral Gables-Based MG Developer Reveals Plans For Hialeah Mixed-Use Residential Community Metro Parc

The Coral Gables-based renowned luxury townhome developer MG Developer has revealed plans to develop a 10-story apartment rental building with 433 units in Hialeah named Metro Parc. The 2.5-acre project will be located between 955 East 25th Street and 980 East 26th Street.

The residential mixed-use, two tower building will feature rental apartments with two-bedrooms and two bathrooms ranging from 500 square feet to 800 square feet. Rent will range from $1,150 per month to $1,840 per month. Amenities will include co-working spaces, an outdoor kitchen, a pool, gym and will also have retail spaces on the ground level as well as ample parking and a Latin-inspired food marketplace.

A groundbreaking is expected in January with an anticipated completion date for the second quarter of 2024.

Metro Parc will be conveniently located two blocks from the metrorail and Tri-Rail Transfer Station bringing a new type of chic urban lifestyle to the transient-oriented community. The site is also in walking distance to Hialeah Medical Services; and is only a mile from Hialeah’s up-and-coming Arts District, which will deliver a vibrant cultural and entertainment scene with galleries, breweries, restaurants and shops. It also in close proximity to the expansive Amelia Earhart Park.

“We are truly excited about moving into the Hialeah market and sharing our experience of building luxury and high standard of living and lifestyle to a growing City,” said, Alirio Torrealba, CEO and Founder of MG Developer. Hialeah is the sixth largest city in Florida, and MG Developer has a track record of delivering high-quality residential developments that enhance neighborhoods.

MG Developer, is one of the most active developers in Coral Gables. Most recently, it submitted plans to the City to build a 50-residence community, west of LeJeune Road and north of University Drive, called Gables Village. Additionally, the developer also announced that within 90 days of completion of Althea Row, a luxurious set of five 3-story town houses, it nearly sold out. At the same time, it announced it topped-off Biltmore Row, a set of 3-story, 10-residential townhomes that will complete the Biltmore Square Community in Coral Gables. MG’s prior developments include Biltmore Parc Condominiums, and a variety of luxury townhomes like Beatrice Row, 444 Valencia, Villa Blanc, The Ponce Townhomes, and custom homes in South Miami Ave and Coconut Grove.

EverWest Real Estate Investors Acquires Hialeah Industrial Property In Off-Market Deal For $13.1 Million

The Denver-based real estate investment firm EverWest Real Estate Investors has acquired an 160,000 square foot industrial property in Hialeah, FL in an off-market deal. The property, which is located at 1101 E. 33rd St., an infill location in the heart of Miami’s Hialeah industrial submarket, was acquired for $13.1 million, or $82 per-square-foot. Andrew Gurewitsch of Windsor Realty Partners represented the building seller, a partnership between two local investors.

“Hialeah is a centralized location, in close proximity to Miami International Airport, major thoroughfares and sought-after labor,” said EverWest Director of Southeast Acquisitions Tyler Williams. “The building is also fully occupied with a stable rent roll, making it the perfect candidate for long-term improvements – demonstrating EverWest’s continued ability to acquire and enhance well-located industrial product in a highly competitive landscape.”

“Hialeah is a city within a city with continued strong demand across all asset classes. The property is located in one of the most robust and fundamentally strong submarkets in Miami-Dade with an exciting future,” said Andrew Gurewitsch of Windsor Realty Partners.

The Hialeah building features 18’ to 22’ clear heights with functional dock-high loading, direct rail access, heavy power and a large lot for high-volume trailer storage. EverWest plans to implement a capital improvement program while benefiting from the building’s stabilized tenancy in a submarket with strong rent growth.

The building was fully leased to two long-term tenants at acquisition; IC Industries Inc., a leading South Florida corrugated box manufacturing and delivery service, and Schwarz Partners Packaging, part of an Indianapolis-based holding company with interests in corrugated paper and packaging, with a focus on the full-circle renewable process.

Coral Rock Development Group Closes On $53.5 Million In Construction Financing For Pura Vida Hialeah

Miami-based Coral Rock Development Group has announced that they have closed on a $53.5 million participating construction, mini perm loan for the residential portion of Pura Vida Hialeah, a nine-acre mixed-use project that is transforming Hialeah and is set to be the first of its kind in the area in more than 20 years. Principal Real Estate Investors served as the lender.

“We are very proud to secure construction financing with Principal Real Estate Investors for Pura Vida Hialeah as we step closer to delivering this compelling project to the area,” said Michael Wohl, principal of Coral Rock Development Group. “Pura Vida will undeniably introduce a new lifestyle for Hialeah creating a contemporary and convenient new walkable hub for residents and the surrounding neighborhood, and this is a momentous milestone in bringing this vision to fruition.”

Pura Vida Hialeah portends to transform the area’s aging residential and retail offerings with the first new sleek contemporary designed vertical towers. Boasting a vibrant mix of popular restaurants, shops and other conveniences, Pura Vida Hialeah will provide an exceptional pedestrian-friendly lifestyle, adding a much-needed benefit to the densely populated community.

The visionary project will encompass three eight-story residential towers consisting of 260 apartment units, with one tower offering approximately 11,000 square feet of ground floor retail; as well as three separate outparcels consisting of approximately 40,000 square feet of commercial retail space. 

“Principal has worked with the Coral Rock Development team for almost two years to help make this project a reality. We believe not only in the Hialeah market, but especially in the team’s vision and experience. Pura Vida will truly be a game changing development in this community,” said Mary Scott, Senior Investment Director at Principal Real Estate Investors. 

The project is poised to become the new epicenter of Hialeah. Offering a wide array of floorplans ranging in size from 538 square feet to 1,099 square feet, the market-rate rental residences at Pura Vida Hialeah will include studios, one, two, and three-bedroom units. Featured amenities will include a resort-style pool, state-of-the-art gym, BBQ area, dog park, biking center, and 24-hour security staff for the convenience of residents. 

General contractor KAST Construction will break ground on the residential portion of the project next month and will open for occupancy in the first quarter of 2022.  

The retail portion of the project broke ground in April 2019, recently completing the first building this summer with retail tenant Dollar Tree now open, and soon to be joined by InnovaCare Health. InnovaCare Health will occupy 20,000 square feet providing Pura Vida residents and the surrounding neighborhood with accessible healthcare services. 

Additional confirmed retail tenants include a Wawa convenience store and gas station – representing one of the first outposts in Miami-Dade County for the rapidly expanding chain, and a Taco Bell restaurant, with more to be announced in the coming months.

Situated on a prime corner at 3051 W 16th Avenue, Pura Vida Hialeah boasts a central location just minutes from major thoroughfares including I-75, the Palmetto Expressway, the Florida Turnpike and Okeechobee Road, offering direct access to Greater Miami and the surrounding areas.

The Estate Companies Acquires Former Ramada Hotel in Hialeah for $15.25 Million

The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has announced the $15.25 million acquisition of a five-acre site occupied by a former Ramada Hotel at 1950 W. 49th St. in Hialeah. The closing took place August 7th with $11.5 million in financing arranged by LV Lending, a local private lender. The loan was facilitated by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending on behalf of 1950 Hialeah Holdings, LLC, an entity of The Estate Companies (EIG). 

The non-operational 258-room Ramada hotel was originally constructed in 1970 with expansions completed in 1973, 1979 and 1988. The site is located directly adjacent to the Palmetto Expressway and the 103rd Avenue exit, providing extremely high visibility and accessibility.  

“We are thrilled with this acquisition as it presents a rare opportunity to own all the fundamentals we look for in an asset,” stated Jeffrey Ardizon, principal, The Estate Companies. “The site is situated on arguably the City of Hialeah’s busiest corridor and main artery. The City of Hialeah is a market with very high barriers to entry, strong demographic support and close in proximity to some of the largest employment hubs in South Florida. In addition, the area offers great walkability with a variety of social, dining and entertainment options, including the Westland Mall, just a short distance away.”

Ardizon added, “The distressed hotel sector has created investment opportunities that firms like ours are ready and able to capitalize on. Not all sites are created equal, and buyers need to be nimble and flexible in order to ensure repurposed assets meet the current market demands.” 

“We take our hats off to Camilo Niño and his team at LV Lending who arranged our financing in such a short period of time,” Ardizon added. “They were seamless in their execution and a pleasure to work with on this transaction.” 

Avison Young Oversees Zaragon Acquisition of RAM Steel Framing Headquarters For $7.55 Million

Avison Young’s Florida Capital Markets Group closed the $7.55 million industrial sale-leaseback of the 105,000 SF RAM Steel Framing headquarters location at 7400 N.W. 37th Ave. in Miami. Zaragon, Inc., purchased the property. With the sale, Zaragon secured a long-term, absolute triple net (NNN) lease with a single tenant that is a leader in supplying manufactured steel products to South Florida’s robust pipeline of active commercial developments. Avison Young Principals David Duckworth; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; John K. Crotty, CCIM; Vice Presidents Brian C. de la Fé; David F. Spillers, SIOR; and Associates Emily Brais and Berkley Bloodworth facilitated the transaction on behalf of RAM Steel Framing.

“The sale-leaseback represents a trend of single-tenant industrial deals having the highest chance to close in the current market environment,” said Duckworth. “With the investment appeal of RAM Steel Framing as a high-quality tenant, we successfully negotiated and closed the deal during the COVID-19 shutdown without any pricing adjustments.”

RAM Steel Framing is a full-line manufacturer of drywall and structural framing for commercial and residential construction, with recent high-profile projects including the Miami International Airport expansion, the Seminole Hard Rock Hotel & Casino guitar-shaped tower in Hollywood, and the luxury Aston Martin Residences in Downtown Miami. The company is one of the fastest-growing steel manufacturers in the country and the largest manufacturer in South Florida, with additional manufacturing facilities in Orlando, Florida, and Chesapeake, Virginia.

“The absolute NNN investment opportunity was ideal in that all of the building’s structural and operating expenses will be the responsibility of the tenant,” continued Duckworth. “RAM Steel Framing is considered an essential business, and therefore offers great stability as a tenant.”

Located within an Opportunity Zone along Miami’s Hialeah industrial corridor, the industrial asset is approximately three miles from the Miami International Airport to the south and six and a half miles from Port Miami to the east.

Miami’s industrial market continued to outperform all other asset classes through 2019 and into 2020. According to research by Avison Young, overall vacancy in Miami-Dade County was 3.86%, with vacancy in the Hialeah submarket at 2.90% as of first-quarter 2020. Industrial rental rates hold firm due to low vacancy rates and strong fundamentals across the South Florida region.

Galium Capital Lists Stabilized Portfolio of 35+ Single-Family Homes Across South Florida For $10 Million

Galium Capital announced today the listing of a 35+ single-family home portfolio across South Florida for $10 million. The stabilized portfolio features homes which are located across several recently built communities in cities such as Doral, Homestead, Coconut Creek, Stuart, Miami and Hialeah.

The listing comes at a time when population growth in Southeast Florida has surpassed the pace of new home construction in the past 7 years. Nationwide, appetite for single family home rentals is growing faster than that of apartment rentals and South Florida’s rental market is expected to grow faster than the national average. Single family homes are the largest residential rental asset class.

The homes are of the highest-quality in their segment, built by one of the nation’s most reputable home builders. The new construction homes, finished in 2017, feature 2-floor concrete block construction as well as ready-to-move-in finishes including stainless steel appliances, granite counters, smart home technology, keypad entry and smart thermostats. The portfolio also includes community model home which include high-end finishes and homesite premiums. The community HOA’s are approved for FHA lending to home buyers and include resort style amenities.

This one-of-a-kind investment opportunity allows the bulk buyer to purchase the homes at 7.5% below retail value and 33% below replacement cost. The portfolio also boasts a high tenant profile with an outstanding performance record of 90% + occupancy. The strong occupancy is a result of the high demand in single-family rentals in South Florida. The current owner has a strict acceptance criteria including credit score, background check and collection standards. The highly liquid product gives the owner the opportunity to obtain value through rental yield or capitalizing on the gap between acquisition price and today’s retail market value.  

For more information, please contact Galium Capital at 305-433-2008 or www.galiumcapital.com.

About Galium Capital:

Aventura-based Galium Capital owns more than $300 million in commercial assets across the United States with asset management and property management performed in-house. Galium Capital invests in multifamily residential, retail, hotels and office space. Galium Capital is led by Jacques Bessoudo and Iser Rabinovitz.