Creative Realty Partners

Creative Realty Partners Expands Its Multifamily Presence in the Florida Market

LogoOver the past 5 years, Los Angeles-based Creative Realty Partners has acquired more than 3,200 multifamily units in Texas and Florida. Their latest is the acquisition of a 216-unit B Class Property in Jacksonville, Florida that will increase their units amount to 3,400. The company's value-add strategy has proven highly successful in these markets and they see great potential for value creation in the Jacksonville market. In the wake of this proven strategy, CRP will implement exterior and interior improvements to produce substantial rent growth. Exterior upgrades include landscaping, painting and refreshing of building exteriors. The residential units will also be upgraded to include new appliances, kitchen cabinet refacing, and faux-wood flooring, among other improvements.

Creative Realty Partners Acquires 130-Unit Villas in Kissimmee, Florida

LogoCreative Realty Partners is pleased to announce the acquisition of the 130-unit Villas at 17Th Apartments in Kissimmee, FL, a submarket of Orlando within Osceola County. With this latest acquisition, CRP has further expanded its portfolio in the Florida market. CRP's strong track record and growing relationships in the Florida market allowed the company to purchase the property for 10% below the initial asking price.