Latitudes at The Moors

Investment Highlights

GARDEN-STYLE ASSET IN MIAMI, FL

• 1990-built, gated, garden-style apartments, with value-add potential at an estimated 25.8% return on cost

• Excellent lease trade-out performance as the property has averaged 20.49% growth on new leases in the last 90 days and 12.39% on renewals in the last 90 days (February 2023)

• Residents at the property have access to numerous amenities - private lake, outdoor dining and grill area, clubhouse, fitness center, car care center, dog park, resort-style pool with lounge chairs, and so much more

• Residents at the property also have access to The Moors Club Center across the street. The Moors Club Center contains a lakeside resort-style pool, clubhouse, lighted tennis courts, racquetball courts, volleyball court, tot lot, fitness center, and so much more

PHENOMENAL ACCESS TO MAJOR EMPLOYMENT & REGIONAL ACCESSIBILITY

• Over 10.3M SF of office space within a 5-mile radius 

• Only 2 minutes away from the Palmetto Expressway (± 160,000 VPD) providing convenient access to I-95 (± 266,000 VPD), and Florida’s Turnpike (± 105,000 VPD)

• 5 minutes from Miami-Opa Locka Executive Airport

• Less than 10 minutes from Florida Memorial University & St. Thomas University

• Less than 15 minutes from Memorial Hospital Miramar (178 beds)

• Less than 15 minutes from Memorial Hospital West (486 beds)

• 20 minutes from Sawgrass International Corporate Park (10K+ Employees)

• Less than 30 minutes from Florida International University Biscayne Bay Campus (7,000+ Students)

NEARBY RETAIL AND ENTERTAINMENT OPTIONS

• Less than 5 minutes away from Main Street, the social hub for Miami Lakes and the surrounding community, is comprised of restaurants, retail shops, offices, CMX Theaters, and civic facilities, including the Town of Miami Lakes’ Government Center

• Surrounded by major retailers including a Publix, Lowe’s, Home Depot, Walmart, BJ’s, Costco, and so much more

• Less than 15 minutes away from the Hard Rock Stadium; home to the Miami Dolphins, University of Miami Football Team, & the F1 Miami Grand Prix

• 15 minutes from Pembroke Lakes Mall; containing over 160 retailers

STRONG AND CONSISTENT JOB GROWTH

• 236K+ new jobs recovered in the Miami MSA since COVID-19 & 58K+ jobs added in the last 12 months

• 1.4% unemployment rate as of  4Q22

• 4.8% projected MSA population growth 2022-2025

TOP PERFORMING APARTMENT MARKET WITH CONTINUED FUNDAMENTALS

• 96.5% occupancy rate as of 4Q22

• 4.9% projected annual MSA rent growth for 2023

• 7th out of 150 markets nationally for annual effective rent growth in 4Q22

• 9,596 units delivered in last 12 months

CONTACT US

Avery Klann
Vice Chairman
Newmark
561-703-8332

Hampton Beebe
Vice Chairman
Newmark
561-317-1910

Tal Frydman
Executive Managing Director
Newmark
561-504-9250

Tyler Minix
Director
Newmark
239-281-1895

Jackson Huggett
Director
Newmark
305-431-7229

Steven Halsey
Associate
Newmark
561-962-6212

Matt Williams
Vice Chairman
Newmark
703-943-7602

Brooke Cade
Director | Equity
Newmark
239-810-3713