Prime Equity (Sponsor) is a uniquely qualified company established to create value in Florida’s highly competitive multi-family real estate market. Their in-house resources allow them to fulfill every role of the real-estate process as Broker, Developer, and Asset Manager. Specializing in multi-family Ground Up construction and Value Add Real Estate, Prime Equity's streamlined process maximizes efficiency, increases value, and minimizes risk across complex deal structures. Prime Equity’s comprehensive resources allow them to outmaneuver other real estate investment firms and have led to over two decades of positive investor returns.

Purchased in an off-market deal at approximately $40/ SF, and underwritten during the Covid Pandemic, sales and leasing estimates were conservatively based on income lower than current market income pricing.

With construction expected to take 18 months, followed by 6 months to stabilize and rent the units, the Sponsor will leverage its track record of successful multi-family development to complete the Project and return equity investments by refinancing the property right after the building is being stabilized.

The promoter is planning to sell the building after 120 months of land purchase. The investment is expected to be funded by a 58% LTC construction loan, and the Project is anticipated to be refinanced in the Summer of 2027. There will be 53 market-rate units with an average unit size of 650 square feet.

Design, construction, and development will be directly managed by the Sponsor's experienced and hands-on vertically integrated team. The total completed valuation of the Project is estimated to be approximately $29,298,240 In the event of market shifts during construction, our risk analysis reviews other potential exit scenarios at the completion of construction, allowing the asset to benefit and gain from market changes, maximizing investor returns. The low acquisition basis combined with efforts to control costs and preserve flexible layouts will afford us the opportunity to pivot to a condominium fallback.

This offering represents an opportunity to invest in an urban and proven neighborhood with excellent Sponsorship and a uniquely qualified company established to create value in Florida’s highly competitive multi-family real estate market.