Under_development
Riverside Development Project
Tampa, FL
Overview
Asset class
Real Estate
Property type
Mixed Use
Current value
$38,500,000
Acquisition price
$42,000,000
Total appreciation
$-3,500,000
Rental yield
0.0%
Occupancy rate
0.0%
Fund
FNTVS Growth eREIT
Mixed-use property
Performance
-8.3%
Total Appreciation
$-3,500,000
Appreciation Value
$0
Annual Rental Income
0.0%
Rental Yield
Property Value Performance
Acquisition:
$42,000,000
Current:
$38,500,000
Total Appreciation:
-8.3%
Holding Period:
35 months
Financial Details
Investment Overview
Acquisition price
$42,000,000
Current market value
$38,500,000
Total appreciation
$-3,500,000
Appreciation percentage
-8.3%
Cash Flow Analysis
Annual rental income
$0
Operating expenses
$850,000
Net operating income
$-850,000
Net cash flow
$-850,000
Rental yield
0.00%
Cap rate
-2.2%
Cash-on-cash return
-2.02%
Risk Metrics
Debt-to-value ratio
0.0%
Occupancy rate
0.0%
Holding period
35 months
Return Breakdown
Rental income yield
0.0%
Appreciation contribution
-8.3%
Cash yield
0.0%
Total return
-8.3%
Property Information
Basic Information
Property type
Mixed Use
Property class
Luxury
Location
Tampa, FL
Acquisition date
Feb 28, 2023
Status
Under_development
Income producing
No
Physical Characteristics
Total square footage
220,000 sq ft
Rentable square footage
185,000 sq ft
Number of units
180
Number of floors
8
Price per sq ft
$175.00
Investment Strategy
Strategy type
Development
Projected exit date
Feb 2030
Fund ownership
75.0%
Key Metrics
Cap rate
-2.2%
Cash flow
$-850,000
Debt-to-value
0.0%
Units
180
Square footage
220,000 sq ft
Investment Thesis
Tampa's Riverside district is experiencing significant redevelopment. This project capitalizes on the area's transformation and proximity to downtown employment centers.
Location
1800 Riverside Heights Boulevard
Tampa, FL 33602, US
Full Address
1800 Riverside Heights Boulevard
Tampa, FL 33602
Property Type
Mixed Use - Luxury
Property Size
220,000 sq ft
Amenities & Features
Property Amenities
Planned rooftop amenity deck
Ground-floor retail space
Structured parking
Fitness center and co-working space
Riverfront walking trails
Electric vehicle charging
Key Investment Features
Mixed-use development in emerging area
Pre-leasing ahead of schedule
Waterfront location with views
Transit-oriented development
Our strategy
Real Estate Investment Strategy
Build a diversified portfolio of institutional-quality real estate assets that generate stable income and long-term appreciation
- Expected variability of return: Low to Moderate
- Timing of expected return: Quarterly distributions from rental income
- Primary expected source of returns: Rental income and property appreciation
- Asset focus: Income-generating properties in growing markets
- Geographic strategy: Diversified across major metropolitan markets
- Property management: Professional third-party management with institutional oversight
This section is intended to provide a general overview of the investment strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.
