North Tampa Portfolio | 375 Sites | Florida

Property Overview

The North Tampa Portfolio consist of 3 communities in which 2 are located in Port Richey while the 3rd is located in Hudson, FL.  All the communities have very desirable locations and convenient for an owner to have centralized management to create economies of scale.  The trailing cap rates as a portfolio are in the 6.75% range while the year 1 pro-forma cap rates are in the 7% range.  This portfolio is a perfect opportunity for an investor to capitalize on the strong demand and growth occurring in Florida while being able to create economies of scale with a purchase of 375 lots.