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|Building Area Net||
|Number of units||280|
Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive advisor, is pleased to present the opportunity to acquire Via Tuscany (the “Property”), a gorgeous 280-unit, fully renovated garden-style community located in Melbourne, Florida, a region experiencing rapid economic expansion and boasting robust multi-housing fundamentals. The Property, comprised of 10 residential buildings, complete with attached garages and average unit sizes of 1,093 square feet, offers residents a spacious resort style feel, breathtaking lush natural landscapes, beautifully appointed interiors, and lavish amenity spaces to deliver an unmatched luxury living destination.
Adding to the Property’s appeal is its ultra-desirable location surrounded by an abundance of Retail & Entertainment, its proximity to significant medical and healthcare facilities, and the several nearby expansive employment centers. Via Tuscany’s location provides convenient access to the Space Coast’s top employers including Lockheed Martin, Northrup Grumman, Blue Origin and L3Harris.
Originally Completed in 2000, The Property received a full-scale renovation in 2019. Via Tuscany represents a one-of-a-kind opportunity for new ownership to obtain an extraordinary turn-key asset that is poised to achieve strong rent growth and generate durable cashflows going forward.
Excellent Quality of Life with Unrivaled Access to Employment & Demand Driver
Outstanding Multi-Housing Market Fundamentals with Anticipated 23% Growth
Notable Recent Improvements to the Property
Spacious Units Compared to Comps
Stellar Macro Economic Growth Statistics with anticipated 26% Population Growth within a 3-Mile Radius