Home » Residences at Harbour Pointe
(34 units) – Fort Lauderdale, FL
RSRC acquired a 34-unit apartment property in Ft. Lauderdale, Florida in September 2010. The deal recently underwent a major renovation and was 32% occupied at acquisition. The anticipated hold for the project was three to five years with an anticipated project IRR of 18%. Project capitalization was $8.4 million and the stabilized cap rate was 6.25%.
- South Florida