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.
ABOUT US
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.``
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.
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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.)
