VIA DELRAY CONDOMINIUMS

An off-market acquisition from a non-traditional multifamily owner who found himself holding a largely vacant property after the rehabilitation center that had master-leased the building vacated, leaving him mid-renovation and struggling to lease up the remaining units without the operational expertise or bandwidth to execute. Rose Water stepped in at a meaningful discount to asking price, bringing the institutional processes, professional management infrastructure, and hands-on operational expertise the asset lacked, taking over a renovation program already partially validated by the market and applying the discipline and systems needed to complete what the seller had struggled to do.