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Soleste Reserve | MIA

Treme-Parker, in collaboration with its esteemed partners and The Estate Companies, is proud to present Soleste Reserve—an exceptional Class-A multifamily rental development consisting of 350 upscale apartments in Davie, FL. Positioned strategically within a rapidly expanding submarket of Fort Lauderdale and Miami, this project benefits from proximity to key economic drivers including Fort Lauderdale International Airport, the Fort Lauderdale Central Business District, and the Miami CBD.

 

The Soleste Reserve development is fully entitled and shovel ready for immediate construction, eliminating entitlement risk and accelerating the project timeline. The finished asset is projected to capture a unique market niche by offering best-in-class amenities with limited competition from comparable Class-A properties. Furthermore, anticipated rental pricing is positioned as a relative value compared to Fort Lauderdale and Miami, enhancing its appeal and occupancy potential.

 

$26 million of LP equity has been committed to this venture, reflecting our confidence in its robust market fundamentals and compelling investment thesis. The projected timeline for the project is approximately 36-42 months, encompassing a 22-month construction period followed by a 16-month lease-up phase, and culminating in an exit via a sale to an institutional investor. Our strategic investment, initiated post-construction commencement, optimizes the investment cycle to approximately 35 months.

 

Our development partner, The Estate Companies, brings over four decades of expertise in Florida’s multifamily sector, with a vertically integrated approach that spans in-house construction management, leasing, and operational support. With a proven track record of delivering and managing more than 9,000 units across South Florida, Estate's operational excellence and market knowledge further de-risk the project and enhance long-term value creation for our investors.

 

This opportunity represents a strategic alignment of timing, location, and experienced execution—an ideal addition to our portfolio and a pathway to significant value creation in South Florida’s evolving multifamily landscape.

 

This investment opportunity is available exclusively to verified accredited investors (506c). To access the investor deck, please use the provided link below.

Amenities

  • Controlled Access

  • Elevators

  • Package Services

  • Resident Lounge & Cyber Cafe

  • Fitness-on-Demand, Yoga & Spin Studio

  • Premium Fitness Studio & Club Quality Equipment

  • Wifi Hotspots Throughout

  • Breakfast & Coffee Concierge

  • Co-Working Office Spaces

  • Kids Gaming Zone 

  • ​Conference Room & Clubhouse

  • Movie Theatre

  
  • 350 Class A Apartments

  • 257,543 Net Rentable sq/ft

  • Ground Up Multi-Family

  • Mid Dec 2024 Closing

  • Senior Debt: $77.8mm

  • Common Equity: $33.4mm

  • Stabilized Value: $155.3mm

  • Yield on Cost: 6.50%

  • Equity Multiple: 2.25x

  • Avg Annual Return: 39% (net)

  • Deal IRR: 29%

  • Investment Period: 35 mos

Investment Highlights

89% Funded

$50k-$3.6mm | Min <> Max

Investment

Capital Allocation Inquiry

Are You An Accredited Investor
What is Your Experience Investing in Real Estate?
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