GULF BREEZE, FL - Morrison Avenue Capital Partners, Sunchase Property Group, and aDoor Properties today announced a partnership to deliver 138 new Class A multifamily units to the Gulf Breeze community.
Situated on 5.48 acres along Gulf Breeze Parkway, Tiger Point Place offers proximity to top-tier retail, healthcare, and employment centers, including major military installations. The property will feature resort-style amenities, smart-home features, and one, two, and three-bedroom layouts. Tiger Point Place was entitled under Florida’s Live Local Act, and is the first Live Local development in Santa Rosa County.
“We’re excited to partner with Morrison Avenue Capital Partners and aDoor Properties on Tiger Point Place,” said Kyle McGee, founder of Sunchase Property Group. “At Sunchase, we believe great projects create value both for the community and for our investors, and we’re committed to delivering on both. Tiger Point Place will bring high-quality housing to the Gulf Breeze community at a time when it’s greatly needed. We’re looking forward to executing the business plan and delivering a development our partners and the community can be proud of.”
Sitework is nearly complete at the community, and vertical construction starts imminently, led by Reed Construction of Bay Minette, Alabama. Humphrey’s & Partners Architects’ New Orleans office served as the project architect. SmartBank provided project financing.
“Gulf Breeze is a highly desirable submarket with great community amenities, schools, and access to local employers, but no inbound rental housing supply,” said Hansen Babington, managing director of Morrison Avenue Capital Partners. “We and our partners look forward to bringing this new development to the community to fill a need for workforce housing.”
About Morrison Avenue Capital Partners: Morrison Avenue Capital Partners is a real estate investment firm specializing in multifamily development and acquisitions in the Southeast. Our tenured team leverages a data-driven approach to unlock actionable opportunities and deliver superior risk-adjusted returns to our investors. Founded in 2012, Morrison Avenue has raised over $350 million of equity across more than $1 billion of assets. For more information, visit www.morrisonavenuecapital.com
About Sunchase Property Group: Sunchase Property Group is a leader in real estate, dedicated to enhance Gulf Coast communities and deliver value for investors through the acquisition, development, and management of commercial properties. As part of Sunchase Companies, we integrate investment, construction, and operations to achieve exceptional results throughout the real estate lifecycle. With a portfolio of eight apartment complexes and 364 units, we focus on providing outstanding value and service to residents. Our mission is to enrich the Emerald Coast and create long-term value for investors through innovative and thoughtful practices. Sunchase is committed to building lasting relationships and setting the standard for quality and excellence in commercial real estate.
About aDoor Properties: aDoor Properties is a boutique, privately held, vertically integrated real estate investment firm. They handle every aspect of the real estate investment process from acquisitions, development, building, property management, sales and more. Since its inception in 2012, aDoor has executed over $400 million of real estate investment, development, home building, and leasing transactions across Northwest Florida. Additionally, they currently have over $200,000,000 in assets under management.