Coastal Palms (Panama City Beach, FL)

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present Coastal Palms ("the Property"), a build-to-rent ("BTR") forward purchase opportunity in Panama City Beach, FL. This 140-home community represents the first phase of a 289-home development spanning more than 40 acres on the Property. Located off Navy Blvd (34,500 VPD), the Property is strategically positioned at the intersection with Naval Support Activity ("NSA") Panama City which employs more than 4,900 civilian and military personnel. The Property will be a two-story townhome community consisting of 20 buildings ranging from 3-unit to 8-unit attached homes, along with a community clubhouse and resort-style pool. Homes will begin delivering in October 2026 and will feature a large and efficiently designed 3-bedroom floorplan, all offering an attached one-car garage with two-car driveway, porch, patio and luxuriously appointed interiors.

Coastal Palms benefits from an affluent and fast-growing area surrounding the Property within a 10-minute drive, boasting a $105,294 average household income and a population that has grown 6.5% just since 2020. The Property also provides convenient access to US Highway 98, the beaches and Panama City's other leading demand drivers including engineering, education, healthcare and manufacturing, along with Tyndall Air Force Base. Given the combination of Coastal Palm's premium product offering, best-in-class quality and highly desirable location, the Property is positioned for significant future growth.