Novawood

Description

A 119-unit market property, located in Daytona Beach, Florida. Property was acquired and capital improvements are currently underway to address deferred maintenance while modestly upgrading units to accelerate rent growth. Operational improvements are also occuring and stabilization expected by end of 2016.

City
Daytona Beach
State
Florida
Aquisition date
December 2015
Number of units
119
Surface area
6796 m2
Fair value
5.3 Mio USD