BOSTON, MA - Tidegate Capital is pleased to announce our latest acquisition, Jupiter Palms LLC, a 30-unit apartment community in Palm Beach County, FL. The property is well situated in the upscale town of Jupiter, Florida. Close to the beaches, employment centers, and shops of Jupiter, it enjoys easy access to Interstate 95 and Florida's Turnpike.
Colin O'Keeffe, Principal of Tidegate Capital, stated that, "the implementation of an aggressive curb-appeal program has already begun. Patios with privacy fences, a new facade, and upgraded amenities will greatly add to the desirability of the property. Additionally, a new property management team has been put in place to oversee day-to-day operations and enhance the overall resident experience.”
Tidegate believes over-leveraged, poorly managed multifamily properties can be purchased at a discount and managed to provide solid annual returns. Typically, smaller multifamily properties are owned and managed by local investors who may not have fully maximized a properties full market value. Low interest rates and housing dynamics continue to make real estate investment attractive. The primary focus of our property investment will be along the east coast, with other select locations that have easy access and are near major transportation hubs. Multifamily real estate can be a solid inflation hedge as annual rent increases keep up with or stay ahead of inflation pressures.
For further information about Tidegate Capital, please visit our website at www.tidegatecapital.com