Capital Square: CS1031 Villages at Miami Gardens
Overview
The Villages at Miami Gardens is a recently constructed build-for-rent community composed of 50 single-family-style townhomes located in the Miami-Dade MSA, with a mix of three- and four-bedroom units. The property is one of only 12 build-for-rent townhome communities in Miami-Dade (752 units total), with just seven built since 2021.
Key Investment Features
Structure
Delaware Statutory Trust (DST)
Investment Sponsor
Capital Square
Property Type(s)
Multifamily
Location(s)
FL
Occupancy
98%
721 Exchange / UPREIT
Optional
Minimum Investment
$50,000
Investment Strategy
Buy and Hold
Year 1 Yield
4.51%
In-Place Loan
53.62% LTV
Avg. Remaining Lease Term
N/A
Cash Flow Forecast
Year 1
Year 2
Year 3
Year 4
4.51%
4.66%
4.91%
4.97%
Year 5
Year 6
Year 7
Year 8
5.31%
5.66%
6.00%
6.38%
Year 9
Year 10
6.76%
7.15%
Investment Highlights
Miami Gardens is a rapidly growing submarket within the Miami–Fort Lauderdale MSA, benefiting from strong population and housing demand. The MSA has experienced 9.5% population growth over the past decade and has limited new multifamily supply and sub-1% vacancy rates.
The property sits less than two miles from Hard Rock Stadium, a major entertainment and sports hub
Capital Square: $6.2 billion + assets under management, 120+ team members, 135+ sponsored investment offerings
Advantages
Sponsor has a strong track record.
Positive pop. growth outlook, newer build, Class A MF property in close proximity to entertainment and jobs
Weaknesses
FL property with only 3- and 4-bedroom units.