Lofts at Baymeadows

The Lofts at Baymeadows was acquired through a combination of tax strategies and TIC structure that optimized the acquisition basis and long-term hold structure. Since acquisition, capital improvements have focused on elevating the physical asset and resident experience across the property.

Operationally, NOI growth is driven by the value created through capital improvements, reduced expenses, and an enhanced resident experience. Property taxes have been significantly reduced through a tax incentive structure applicable to the asset.