Caroline Golden Glades

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Caroline Golden Glades (the “Property”), a 236-unit new construction, garden-style community at South Florida’s most accessible location off the Golden Glades Interchange in Miami, FL. The Property is strategically positioned within minutes of a wide array of prominent demand drivers and employment hubs, such as Jackson North Medical Center, St. Thomas University, Hard Rock Stadium, Top Golf, Sole Mia and the Miami CBD.

Caroline Golden Glades is comprised of 236 units across four surface-parked, 5-story apartment buildings averaging ±893 SF and boasting serene lake views. 10% of units at the Property (23 units) are restricted to 140% AMI through 2044. Built in 2024, unit interiors have been carefully curated with top-of- the-line finishes and well-appointed amenities to appeal to the discerning renter seeking an elevated living experience at an attainable price point.

Caroline Golden Glades stands out as the only new construction garden-style community East of I-95 and as an attainable alternative to the urban cores without sacrificing the luxuries of urban communities. The Property is ±85% leased with an average lease rent of $2,498 ($2.83 PSF) (04/10/2025 rent roll), which represents a $834 (±25%) discount to the Miami CBD and a $607 (±20%) discount to North Miami Beach. Additionally, recently stabilized Building 2 showcases the property’s rent growth potential, achieving premiums of 8% and 4% over Buildings 4 and 1, respectively. This lift is significant as Buildings 4 and 1 leased up before amenities were fully available to residents, indicating immediate upside upon first renewals. With an average household income of $164K and a rent-to-income ratio of 19%, the Property demonstrates significant potential for continued rent growth while remaining accessible to residents priced out of the CBD.

The Property also benefits from its unmatched location directly off the Golden Glades Interchange – connecting three of South Florida’s most important highways – I-95, Florida’s Turnpike, and SR-826 (±341K combined VPD). It’s strategic positioning off the first entrance and exit of the I-95 express lanes provides rapid connectivity to 150M+ SF of Office Space in under 30 minutes and to the Miami and Fort Lauderdale CBDs in under 20 minutes. The Property also sits within 2-miles of nationally-recognized grocers and retailers including Publix, Chick-fil-A, Wal-Mart, ALDI, and Home Depot, and within 5-miles of the explosive North Miami Beach submarket – boasting over $6B of new development transforming the area into an upscale destination. Caroline Golden Glades presents a unique opportunity to invest in the newest and most visible garden-style community in South Florida.