Pierpoint & The Groves

IPA is pleased to present Pierpoint & The Groves (“The Properties”), two strong value-add opportunities in the highly desirable Port Orange area of Central Florida. Located just 35 minutes from the Orlando MSA and 15 minutes from Daytona Beach, Port Orange is widely considered one of the most upscale and appealing pockets of the established Volusia County market with easy access to stellar retail and key employment and demand drivers. These two-story communities are very well maintained and highly accessible, and with fully upgraded units nearby achieving $125/month premiums, new ownership has the tremendous opportunity to realize solid upside through modest property enhancements and continued market growth. The properties may be purchased together or individually, but offer incredible efficiencies together, as the communities are just minutes apart and present complementary floor plans and possible expense efficiencies.