Whispering Palms

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Capstone Apartment Partners is pleased to present Whispering Palms: an 80-unit fractured condominium community centrally located in Largo, FL. The 1985 concrete block asset boasts spacious two-bedroom floorplans, the majority renovated to a top-of-the-market finish level. The property is located 15 minutes from the Gateway Business District (85,000+ jobs), less than 25 minutes to Downtown Saint Petersburg (36,000+ jobs) and just 5 minutes from Florida’s luxurious Gulf Coast Beaches.  A new owner will not only have the opportunity to continue the implementation of the proven interior renovation program, achieving $130+ premiums, but also acquire additional units within the complex at a basis below the bulk offering.  Whispering Palms has a multitude of unique value creation opportunities, priming the asset for its next investor.

Investment Highlights:

Obtain a Majority Owned Fractured Condominium Community with Attractive Assumable Debt

Positively Reviewed Asset That Consistently Outperforms the Market

Extensive Capital Investment

Achieve Proven Rental Premiums of $130± by Completing the In-Place Renovation Program

Centrally Located Asset Offering Unparalleled Access to Regions’ Demand Drivers

Strong Market Fundamentals