The Vibe at Gateway

• The Vibe at Gateway, a 432 unit multifamily community located in St. Petersburg, Florida The property was purchased in November 2015 in partnership with a leading Miami based owner / operator of multifamily communities
• Immediately following acquisition, a value-add improvement plan was implemented, consisting of community clubhouse renovations and unit interior upgrades
• As a result of these value-add improvements and favorable market conditions, the property experienced significant rent growth while retaining high occupancy
• In August 2018, after two years and nine months of ownership, the property was successfully sold, achieving very attractive results for investors