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.