Property Description
The Uplands is recently constructed (2022 vintage), 304-unit mixed-use Class-A community in Hialeah, FL. Acquired significantly below replacement cost with strong operational upside and favorable debt assumptions. The 8 story midrise asset features luxury-level condo-quality finishes and structured parking attached to each level. We acquired the asset off market through strong contacts in the market. The Uplands was stabilized at 98% occupancy and was still purchased at a discount to the market and replacement cost.
The property includes high-end amenities such as a resort-style pool, grilling areas, fitness center, dog park, and gated parking. Units feature quartz countertops, walk-in closets, keyless entry, in-unit washer/dryers, and luxury cabinetry.
Property Details
Acquired Date
Year Built
March 2025
2023
Units
304