Raven at Park Place
About the Property
Raven at Park Place
Units: 44 Location: Pinellas Park, FL
Raven at Park Place was identified based on the recent multifamily sales and subsequent rent growth in the surrounding neighborhood. The previous long-term owner was failing to take advantage of $600+ rental upside per unit, 75% of which was capturable through operational strategy, alone. Physical value-add strategy includes exterior paint and signage, interior renovations, conversion of unleasable to leasable space, amenity improvements, and more.