A Real Estate Investment Company
The Befeler Group | Giovanna Apartments
256
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About Giovanna Apartments

8030 Northwest 8th Street, Miami, Florida
Acquisition: 2016

 

An affiliate of Befeler Group acquired a 28-unit midrise apartment complex in Miami-Dade County about five-minutes driving distance from Miami International Airport, one of the busiest airports in the world.  The property sits within the urban core in one of the highest demand rental areas in Miami and serves mostly airport-related personnel and their families.  When we acquired the property from an estate, it was undermanaged and in need of repositioning.  Our company immediately repositioned, remodeled, and upgraded the property. We increased  rents by approximately 35%, and the property has since been consistently 100% leased.

Date

July 14, 2016

Tags
Interior Design, New