KEY INVESTMENT HIGHLIGHTS
UNIQUE TOWNHOME/VILLA-STYLE LIVING
• Recently completed in 2023
• Varietal amenity set with top-of-class interior finishes
PROXIMITY TO DOWNTOWN PENSACOLA
• 8.6 miles away and approximately a 15-minute drive:
• Must-see attractions downtown like Historic Pensacola Village, Seville Quarter, Admiral Fetterman Field, TT Wentworth Florida State Museum, and the Pensacola Museum of Art
• Downtown features ample shopping and food options such as Bodacious Olive, Bubba’s Sweet Spot, Belle Ame, and Sparkle Girl’s Boutique, plus various food trucks, pub fare, and down-home casual eateries
THRIVING HEALTHCARE EMPLOYMENT
• Within 20 minutes of four major area hospitals:
• The VA/Navy Hospital – 200 beds – <12 minutes
• West Florida Hospital – 391 beds – 12 minutes
• Ascension Sacred Heart – Nationally recognized community hospital w/ Level II Neonatal Intensive Care Unit – 566 beds – 15 minutes
• Baptist Hospital – 15 minutes – 326 beds
PROXIMITY TO AREA EDUCATION & EMPLOYMENT
• Navy Federal Credit Union (Main Campus) – 8.7K jobs – 10 minutes
• Pensacola International Airport – Spanning 14-acres and includes 12 gates and 10 landing bridges – 15 Minutes
• University of West Florida – 13K students, 1.9K faculty – 15 minutes
• Pensacola State College – 26K students – 15 minutes
• NAS Pensacola – 23.4K personnel – 25 minutes
STRONG MULTIFAMILY FUNDAMENTALS
• 175K jobs within a 20-minute radius
• 5.2K jobs added year-over-year (June 2023) which represents a 3.2% increase – Education and health services, represented over half of all new jobs in the MSA, with 2.7K jobs added within
• 26.1% effective rent growth experienced over the past three years within the Pensacola submarket (3Q2020 – 2Q2023)
• 16.2% expected rent growth forecasted over the next five years within the Pensacola submarket (3Q2023 – 2Q2028)
• Only one market-rate property (192 units) has delivered within a 3-mile radius in the past fifteen years, and only one property expected to deliver (272 units) through 2025