Puerto Del Mar Apartments
580 Units Multifamily Value-Add Investment Opportunity
in Corpus Christi, TX.
Annualized Cash On Cash
Puerto Del Mar Apartment’s leading source of new leases is drive-by traffic attributable to property’s visibility along both Caravelle Parkway and Holly Road which has only been enhanced by the appealing exterior improvements and new monument signage.
Puerto Del Mar, the third largest apartment community in Corpus Christi, is equipped with 580 units providing an incredible opportunity to quickly create or add significant scale in the market. The property offers an inviting unit mix including one-, two-, and three-bedroom flats and townhome style units, nearly all of which saw extensive unit upgrades over the last 4 years.
$2,000,000+ Delta between purchase price and appraisal.
Best-in-class talent, sound investment strategies, and quality assets.
A vertically integrated, value-add real estate investment firm.
Focused on acquiring, renovating, and managing multifamily assets.
Delivering solid, risk-adjusted returns to our investors.
★ offering For Accredited Investors Only ★
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With a growing footprint across the Southeast, we focus on a 5-10 mile range from large employment centers and school systems, within the path of progress.
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A potential investor considering an investment in this project through a vehicle sponsored by Providence Investments (the “Fund”) should read this brochure in conjunction with the Fund’s confidential private placement memorandum (the “PPM”). The PPM contains a more complete description of the Fund’s investment practices, restrictions, risks and other factors relevant to a decision to invest. All information herein is subject to and is qualified in its entirety by the PPM. Terms used but not defined herein shall have the meanings set forth in the PPM. Any potential investor should direct all inquiries regarding the Fund to a client service representative of Providence Investments or such other placement agent.
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