Card Sound Condominium

27707 South Dixie Highway
Homestead, Florida

Card Sound Condominium is a 105-unit condominium located at 27707 South Dixie Highway in Homestead, Florida.

Ytech acquired the unfinished condominium project out of foreclosure in 2012 with the turn-around strategy of providing a new investor the opportunity of a newly built, income-producing property. Ytech sold the asset in 2014 at an exit capitalization rate of 5.1 percent, at which point Ytech had completed the new construction and achieved 95.3 percent occupancy.