Tampa, FL (PRWEB) October 28, 2014
JBM™ launched to market Cypress Falls, originally completed as a 432-unit apartment community and converted into condominiums in 2005, current ownership maintains possession of 357 rental units. Currently owning 83 percent of the total units, offers the tremendous opportunity to revert the project back to a conventional rental complex. Cypress Falls is a prime candidate for a value-add strategy. There is considerable rent growth potential as its current rates are priced well below the average rents of its competitive peer set.
The Property is located in one of the most highly desirable sub-markets in Palm Harbor providing the Property with an ideal renter pool. The central location just off of U.S. 19 (64,000 trips daily) affords residents with exceptional local and regional connectivity to anywhere in the greater Tampa Bay area.
JBM™ Institutional Multifamily Advisors is the most reliable source of brokerage services in the institutional multifamily asset and investment industry with Florida offices located in Tampa, Orlando, and Naples. JBM™ specializes in the sale of high-rise, mid-rise and garden style apartment communities throughout the Southeast United States and focuses exclusively on asset disposition services, capitalization and recapitalization of existing and merchant development opportunities of large apartment type portfolios and singular assets for Domestic and Foreign Institutional, Private National and Regional clientele. The firm’s collective team efforts have exceeded $8.9 Billion and over 102,000 apartment units listed, marketed and sold. The firm delivers a strong legacy of excellence in representation and the most effective investment sales platform throughout the Southeast United States, meriting Jamie May and JBM™ as a trusted leader in the multifamily industry.
If you would like more information about this property or to schedule an interview with Jamie May, Chairman & CEO or Eddie Yang, Principal and Executive Director please, contact Claudia Raines at 813.812.5003 or email. To learn more, please visit: JBM.com