Haven West Melbourne

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to exclusively present the opportunity to acquire the leasehold interest of The Haven at West Melbourne ("the Property" or "The Haven"), a 336-unit garden-style apartment community in West Melbourne, Florida.

The Haven represents a compelling value-add opportunity in Brevard County's explosive Space Coast market, strategically positioned minutes from the region's largest aerospace and defense employers—all directly accessible via I-95 and US-1. The Property sits within a 15-minute commute of over 20,000 high-paying positions, including L3Harris headquarters (6,500+ employees), Northrop Grumman (5,000+ employees), Collins Aerospace (1,500+ employees), and Health First (9,500+ employees). Unprecedented economic expansion driven by transformational investments, including SpaceX's $1.8 billion infrastructure commitment, Amazon's $139.5 million Project Kuiper expansion, Lockheed Martin's planned 300-job facility, and Orlando Health's $750 million Brevard expansion—continues to fuel rapid population growth throughout this employment corridor.

The value-add business plan offers multiple avenues for immediate income creation. The opportunity begins with completing renovations on 80 partially upgraded units (24% of the property), capturing up to $235 per month in rent premiums by bringing these units to full renovation standards. With an upgraded amenity offering following a clubhouse renovation and pool area improvements, new ownership can push rents on the 256 fully renovated units (76%) in line with nearby newly constructed properties. The Property is exceptionally well-maintained, including recently completed $720,000 common area improvements. Additional upside exists through implementing bulk internet services, an income stream not currently in place.

The Haven features an exceptional unit mix with oversized floor plans averaging 1,114 square feet—ranging from spacious one-bedroom layouts to expansive three-bedroom residences that are among the largest in the competitive set. The 256 fully renovated units showcase thoughtful upgrades including vinyl plank flooring, white shaker cabinetry, granite countertops, stainless-steel appliances, and modern smart home technology, all complemented by bright open-concept layouts with full-size washers and dryers. Residents enjoy a best-in-class amenity package including a resort-style pool with modern furniture and outdoor grilling stations, 84 detached garages available for rent, 24-hour fitness center, luxury clubhouse with coffee bar and lounge spaces, community demonstration kitchen, game room with billiard table, business center, and dedicated bark park with agility equipment.

The Property benefits from exceptional proximity to major retail nodes including Hammock Landing (Target, Publix, AMC Theatres) just 5 minutes away and Melbourne Square's 710,000 square feet of shopping. The combination of The Haven's oversized unit layouts, strategic value-add runway, upgraded amenity package, and positioning in one of Florida's fastest-growing employment corridors with third-party rent growth projections of 3-5% annually positions the Property as a premier multifamily investment opportunity on Florida's Space Coast.