Florida continues to experience a boom in population migration and business activity, not unlike the log boom California experienced in the 50s, 60s and 70s. Demand for housing is intense, driven not only by new arrivals but also those priced out of the market for a home purchase by interest rates and soaring entry pricing. These conditions are expected continue through the rest of the decade, and likely longer.
That’s why you’ll want to join Nick Sinatra and Anthony Nanula, founders and owners of Sinatra & Co. as they outline their strategy to acquire, renovate and manage workforce housing in key Florida markets. They’ll discuss how Sinatra’s full-service owner/operator approach to multifamily and mixed-use assets is generating greater returns for investors.
Included will be a detailed overview of the company, and its’ Florida Value Add Fund I. The fund’s thesis-driven approach is focused on acquiring distressed garden-style multifamily communities in Florida where the Company’s value-add strategy can be most successfully deployed. SCRE’s Fund I recently closed one property in Saint Petersburg, has a second property under contract, and a strong pipeline of additional opportunities for its $75-100m equity target. The company has acquired and operates more than 4,500 units in three states, including Florida, where the company maintains a regional headquarters.
Management’s presentation will highlight the four pillars of their investment thesis
1) Reasons for a specific focus on Florida
2) Advantages of a fully integrated operation
3) The Workforce Housing asset strategy
4) The window of opportunity for success
Even if you’re not migrating to Florida, this may be an opportunity to invest in those who are.
