University Club Apartments

3801 SW 60th Ter Davie FL

Closed investments

The Offering

Nathan Holdings is pleased to present the opportunity to invest in University Club Apartments, 58-units, well-maintained property in Davie’s Florida submarket. Built-in 1970 and offer desirable qualities such as large units, low-density site plans, and great location. The property’s current rents are below new construction in the area, signaling room to raise rents with value-add upgrades by renovations.

The city of Davie has experienced growth in the past ten years and shows no signs of slowing. Apartment fundamentals in the submarket have been incredibly resilient in the past year despite COVID, with a 4% increase compared to the previous year, a testament to the market’s strength.

Investment Highlights

Fort lauderdale investments Drone view of University Club apartments
  • Highly Desirable Asset Profile with Value-Add Upside
  • Rental rates well below competitive set – offering significant room to run
  • High Performing Submarket, Strong Demographics
  • Proven ability to push rents through modest improvement programs
  • High demand/high occupancy pointing toward climbing rental rate environment
  • Excellent Location with Proximity to Retail, Employment, Recreation
  • Florida Positioned as Long-Term Winner Post-COVID

58

Units

42,350

Sqr Ft

1970

Year Built

2018

Year Renovated

Market

Broward County Overview

Broward County is located in South Florida and contains a population of 1.9 million people; the current population continues to grow at a pace well above the U.S Rate, with a strong in-migration trend. Davie’s rental market performs robustly with a 4% increase compared to the previous year, a testament to the market’s strength.

Key economic drivers include healthcare, biotechnology, tourism, and commerce. As a vital point of international trade and tourism access, port everglades generate roughly $30 billion of economic activity per year.

Companies are attracted to the metro for its lack of state income taxes, proximity to Latin American markets, large workforce, and desirable climate. Davie is a tremendous real estate investment market, with solid fundamentals and housing demand growth outpacing new supply.

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