Oasis Delray Beach & New River Cove

South Florida 2-Pack

Jones Lang LaSalle ("JLL"), as exclusive advisor, is pleased to present the opportunity to acquire Oasis Delray Beach and New River Cove (the "Properties"), two garden-style communities in the highly desirable submarkets of Delray Beach and Davie, FL, respectively. Incoming investors have the ability to capitalize on strong property performance and capture additional upside through completion of Ownerships' renovations. Offers will be accepted on the portfolio and on an individual basis.

Oasis Delray Beach

A 324-unit community along Atlantic Ave in the rapidly growing Delray Beach submarket, Oasis Delray Beach uniquely features a mix of townhome and traditional apartments including 128 newer construction units built in 2013 with direct-access garages. The property's prime position along Atlantic Ave means immediate access to both I-95 and the Florida Turnpike, and that the entertainment hub of East Atlantic Ave is only 10-minute drive. Nearly a third (32%) of the Property has been renovated to a high-end "Harmony" luxury scope, providing a proven path for additional upside by completing renovations on the remaining units.

New River Cove

Tucked away along the New River in Davie, New River Cove is a 316-unit garden-style community that differentiates itself by boasting the largest units in the submarket (1,217 SF) and the coveted amenity of direct water access via its 9 boat slips. Just over half (54%) of the Property has been renovated to the same high-end "Harmony" scope and ownership has invested significant capital to fully modernize the clubhouse, presenting a new investor with a considerably de-risked value-add opportunity.