Pacific Point Fort Lauderdale, FL
Project Type: Multifamily
Investment Type: Private Equity
Investment Amount: $4 million
Pacific Point Luxury Apartments is a 420-unit apartment community completed in late 2018, in Fort Lauderdale, Florida. Built to a high living standard, the property is flush with amenities such as a movie theater, a lighted tennis court, a resort-style pool, a private community park, a state-of-the-art fitness center, amongst many others. Frankforter Group is executing on a limited value-add business plan, which they have successfully completed in the past, whereby the quality of tenancy is enhanced along with strategic capital improvements. The business plan has proven successful thus far and has been further buoyed by the robust rental demand in the submarket.
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