Raven at Bay Pines
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About the Property
Raven at Bay Pines
Units: 20 Location: St. Petersburg, FL
Raven at Bay Pines was identified off-market based on recent multifamily sales and subsequent rent growth in the southwest St. Petersburg sub-market. The previous long-term owner was failing to take advantage of 50%+ rental upside per unit, which is primarily achievable through managerial strategy, alone. Physical value-add strategy includes paving the parking lot, conversion of green space to community amenities, interior renovations, and more.