ArborCrowd’s North Miami Offering Sees Strong Investor Demand

By The ArborCrowd Team
Nov 21, 2019

ArborCrowd presented its ninth offering, Biscayne 112, a Class A, ground-up, multifamily development in North Miami, FL in the third quarter of 2019.

The $103.8M project will serve a growing community near the booming Downtown Miami, and is well positioned as it sits on one of the last large vacant parcels in the area. The Miami Metropolitan Area’s 6.2 million population is seventh in the country and has grown approximately 11.31% from 2010 to 2018, nearly double the national population growth rate of nearly 6 percent during the same period.

“Biscayne 112 is one of the only large-scale, multifamily developments under construction in the area, which provides a competitive advantage as the sponsor seeks to capitalize on strong renter demand for luxury product while offering an expected 20 to 30 percent discount to rents in Downtown Miami,” said ArborCrowd Co-Founder and COO Adam Kaufman.

Upon completion, anticipated to be in Q2 2021, the project is expected to capitalize on the area’s strong demand for quality apartments amid low supply of such units. To learn more in-depth details of the business plan, read more in the offering materials.

The ArborCrowd Asset Management Team is already tracking progress of the project, of which construction is steadily progressing. The bulk of the foundation work on the residential portion of the property was completed, the first and second floors have been poured, and work began to go vertical on the third floor in November.

“Investors are sometimes hesitant to invest in ground-up construction because it is hard to envision raw land being turned into a finished product,” said Chris Forte, an ArborCrowd Asset Manager. “Biscayne 112 presents a unique opportunity for ArborCrowd’s investors. They can actually see significant construction progress already made – before even deciding to invest. This means that many of the concerns – such as whether the project will receive required permits or if construction will commence as planned – have already been alleviated.”

This is the fourth deal to launch on the platform with an affiliate of Arbor Management Acquisition Company LLC (AMAC) as the sponsor. AMAC is a part of The Arbor Family of Companies, which ArborCrowd is also a member. Affiliate of the sponsor have already funded more than 85 percent of the total required equity for the transaction. See more about The  Arbor Family of Companies and the experienced team who are bringing this project to life in the offering materials.