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THE OPPORTUNITY
IPA is pleased to present Arena Villas at Blue Angel (“The Property”), a unique, newly built 117-unit, villa-style rental asset located in the Florida panhandle’s high-growth Pensacola market. The Property is a truly unique asset class, offering the low-density feel of a single-family community. Completed in 2023, homes consist of one-story villas and two-story townhomes that include direct-access entry, screened-in patios, and private garages with driveway. Common amenities include a resort-style pool with shaded pergola and sundeck, outdoor grilling areas, and leash-free pet park. Meanwhile, interiors boast spacious, open-concept designs that are well-appointed with luxurious finishes such as hardwood-style plank flooring, quartz countertops, modern hardware throughout, stainless steel appliances, island kitchens with bar-style seating, recessed lighting, ceiling fans, walk-in closets, and screened-in patios (select homes).
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
ERIK BJORNSON
Senior Managing Director
D: +1 (904) 672-1429
C: +1 (904) 699-7582
License #: SL3196898
TYLER NILSSON
Senior Managing Director
D: +1 (904) 672-1427
C: +1 (904) 477-8929
License #: SL3028792
‌
SHELTON GRANADE
Executive Managing Director
D: +1 (407) 557-3870
C: +1 (407) 616-2187
License #: SL3042246
LUKE WICKHAM
Senior Managing Director
D: +1 (407) 557-3871
C: +1 (407) 460-4603
License #: SL3170987
JUSTIN BASQUILL
First Vice President
D: +1 (407) 557-3872
C: +1 (407) 754-8014
License #: SL3028792
‌
SEAN WILLIAMS
Senior Vice President
D: +1 (813) 387-4734
C: +1 (813) 453-3877
License #: SL3054109
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23975 Park Sorrento | Suite 400 | Calabasas, CA 91302 | Phone: (818) 212-2250

Seller retains all rights and discretion to determine the offer and acceptance process including but not limited to the right to accept or reject any offer in its sole and absolute discretion. Seller shall only be bound by duly executed and enforceable agreements entered into, if any. ALL MATTERS PRIVILEGED AND CONFIDENTIAL.

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