Home - Aspire Development

INVESTING IN FLORIDA

THE SUNSHINE STATE

ABOUT US

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ABOUT US

Aspire Development Group is focused on the acquisition, revitalization, and management of multifamily properties in Florida. We buy apartments where carefully planned improvements in the property (product), capital structure (financing), and management (operations) can enrich the lives of residents, enhance the community, and generate strong, safe, secured returns for our investors.

PRODUCT

We buy B and C-class apartments of 50-200 units. We favor strong value-add opportunities in the form of under-market rents, deferred maintenance or needed upgrades, or financial or operating distress. With all of those factors present we’ve acquired as few as 8 units.

MARKETS

We seek projects in central and southwest Florida. The I-4 corridor, from Tampa-St. Pete up through Orlando to Daytona, is our core geographic market. On Florida's West Coast we target projects on the I-75 corridor from Gainesville to Naples.

OTHER CRITERIA

From Distress to Success: We'll consider out-of-the-box, destabilized, excess land and mixed use projects passed over by most multifamily investors unable or unwilling to tackle a ``turnaround``. We love challenges: ``We're at our best when you send us your worst.``

We serve investors seeking the powerful, stable returns available through private real estate investments in multifamily projects that improve lives and neighborhoods. Through syndicated offerings, we sponsor investment projects that provide strong, reliable cash flow and, upon disposition or refinancing, realize the enhanced equity value created in a tax-advantaged manner. This combination of income, capital gains, and safety/stability provide unparalleled opportunity for everyday investors to diversify out of the stock market.

SERVICES

The scope of skills required to find, acquire, finance, rehabilitate, stabilize, and manage multifamily assets requires a great team. Our service begins with scouring the market to find profitable projects, and it ends with investor distributions and reporting on the success – financial and operational – of those projects.

Our Services Include:

FIND & BUY

Broker Relations & Project Identification

Sub-Market & Asset Preliminary Review

Contract Submission & Negotiation

Detailed Sub-Market Competitive Analysis

Physical Plant Due Diligence

REHAB & STABILIZE

Redevelopment Planning

Construction Management

Rebranding & Market Positioning

Property Management Selection & Engagement

Lease-up & Asset Stabilization

SYNDICATE & MANAGE

Deal Structuring & Equity Syndication

Loan Procurement & Capitalization

Property Management Oversight

Financial Reporting & Controls

Investor Relations

PROJECTS

We focus on renewal and repositioning of apartment complexes from 8 to 200+ units. We draw upon tens of millions of dollars of experience in other sectors, such as single family aggregation, office and warehouse conversion, and land development, when sizing up opportunities.

INVESTORS

Our investors share our belief that real estate, through a powerful combination of current income, capital gains, depreciation and tax advantages, represents one of the best investment choices for creating and maintaining wealth. With minimum investments starting at $50,000, we bring our team, expertise and ability to generate strong, safe returns not only to individual investors, but also to their self-directed retirement accounts such as IRAs (Traditional, Roth, & SEP), 401(k)s, HSAs, CESAs. (For more about employing these tax-advantaged accounts for real estate investments, please contact us.)

HOW DO WE ATTRACT, SERVE, & PROTECT OUR INVESTORS?

SAVVY

Opportunistic Project Selection & Value-Add Strategies

Competent Execution of Proven Business Plan

Prudent Planning & Budgeting

Engaging Best of Class Advisors

SAFETY

Careful Choice of Market, Asset, and Management

Attractive Financing & Reasonable Leverage

Proper Capitalization & Contingency/Reserves

Frequent Distributions & Financial Reporting

SECURITY

Adequate Hazard, Liability & Business Insurance

Profits Subordinate to Return of Capital

Principals Co-Invest 5%-20%

Proper Asset Management Incentives

BLOG

17 Oct 2017

CONTACT

If you’d like information about our investment opportunities please complete this form.

Aspire Development Group

8388 S. Tamiami Trail #115

Sarasota, FL 34238

info@aspiredevelopment.com

ABOUT US

PRODUCT

MARKETS

OTHER CRITERIA

SERVICES

Our Services Include:

FIND & BUY

Broker Relations & Project Identification

Sub-Market & Asset Preliminary Review

Contract Submission & Negotiation

Detailed Sub-Market Competitive Analysis

Physical Plant Due Diligence

REHAB & STABILIZE

Redevelopment Planning

Construction Management

Rebranding & Market Positioning

Property Management Selection & Engagement

Lease-up & Asset Stabilization

SYNDICATE & MANAGE

Deal Structuring & Equity Syndication

Loan Procurement & Capitalization

Property Management Oversight

Financial Reporting & Controls

Investor Relations

PROJECTS

INVESTORS

HOW DO WE ATTRACT, SERVE, & PROTECT OUR INVESTORS?

SAVVY

Opportunistic Project Selection & Value-Add Strategies

Competent Execution of Proven Business Plan

Prudent Planning & Budgeting

Engaging Best of Class Advisors

SAFETY

Careful Choice of Market, Asset, and Management

Attractive Financing & Reasonable Leverage

Proper Capitalization & Contingency/Reserves

Frequent Distributions & Financial Reporting

SECURITY

Adequate Hazard, Liability & Business Insurance

Profits Subordinate to Return of Capital

Principals Co-Invest 5%-20%

Proper Asset Management Incentives

BLOG

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CONTACT