CARILLON BAYST. PETERSBURG, FLORIDA
The pool at Carillon Bay at sunset A Carillon Bay apartment building A walkway between the Carillon Bay buildings

Carillon Bay · St. Petersburg, Florida

Investment opportunity

For accredited investors who want to own apartments, not run them.

St. Pete304 apartment units

St. Petersburg, Florida

24% IRR304 UNITSST. PETERSBURG, FL

A stake in 304 apartment units, run by a professional team, targeting a 24% IRR over the hold. Targeted, not guaranteed.

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Three questions. About a minute.

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Question 1 / 3
Which of these describes you?
The Carillon Bay pool at night
2:04
Monday, 2:04 AM
TENANT now

The AC just went out again.

Own apartments.A professional team takes the call.
Investment opportunity · St. Pete

Own St. Pete apartments, not 2AM calls.

Carillon Bay is 304 apartment units in St. Petersburg, Florida, with 230,000 jobs within 15 minutes and very little new supply coming. You own a stake in the asset. The sponsor's own management team runs it, so the tenant calls go to them, not to you.

How it is run

Buy it, upgrade it, run it, sell it.

The sponsor buys the community, upgrades the units, runs it through its affiliated management company, and plans to sell at the end of the hold. You own a share.

  1. Upgrade the unitsWasher and dryer connections, new fixtures, stainless steel appliances and new flooring.
  2. Run it day to dayThe sponsor's affiliated management company runs the property, so investors never take a tenant call.
  3. SellOnce the plan is done, sell to a private equity firm, a high net worth group or a developer.

See if it applies to you.

Accredited investors only. Three questions, then pick a time for a 30 minute call.

Schedule a call
Schedule a call