Refinance of a Class B, 156-unit garden-style apartment community located in North Miami Beach near Aventura, Florida.

Well-located property adjacent to the affluent Aventura neighborhood, with quick access to the major Biscayne thoroughfare.

Financing to complete the 40-year Building Recertification as well as interior renovations.

Property experienced significant rent growth since acquisition and was expected to see further growth as the interior renovations were completed, bringing the units to a market-standard buildout.