WALLIS & STACY TOWNHOMES

Acquired from a long-term local owner with limited institutional infrastructure who had maintained the asset but never fully optimized it, leaving in-place rents running below market, no utility reimbursement program in place, and meaningful operational upside untouched. Rose Water identified the opportunity through a relationship-driven process, moving with speed and certainty of close to acquire two contiguous 23-unit communities at an attractive basis. By bringing institutional processes, professional management, and a disciplined renovation program to an asset the previous owner had simply never prioritized, Rose Water is executing a straightforward value-add business plan in one of South Florida's most supply-constrained workforce housing submarkets.