Aspire at Gateway

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present Aspire at Gateway, a desirable low-density multifamily property strategically located in Pinellas County, Florida's most densely populated county. The 329-unit community offers an exceptional value-add opportunity with significant rental upside through interior renovations across all units at the property, add benefits from $4.6M in capital enhancements from institutional ownership spent on replacing roofs, exterior paint, and modernizing interiors. The investment projects a strong 13.1% rent growth forecasts over the next three years according to CoStar, while enjoying superior accessibility to major job anchors with 580,000 jobs within a 25-minute radius including Raymond James and Footlocker HQ's corporate headquarters, which sit within a 5-minute drive. Residents benefit from convenient access to Downtown St. Pete (15 minutes, 27,000+ employees), Westshore Business District (15 minutes, 102,000 employees), and Downtown Tampa (25 minutes, 77,000 employees). The property serves an upscale demographic profile with an average household income of $94,327 within a 1-mile radius. Aspire at Gateway represents an exceptional acquisition opportunity with an attractive basis at 25%+ below replacement cost, combining strategic location advantages with substantial upside potential in one of Florida's premier submarkets.