Gaby Homes is a master planned community of single homes in Homestead, Florida, a suburban city 35 miles south of Downtown Miami.
Ytech sold the asset in 2013 at 100 percent occupancy after two years of redeveloping the distressed property and successfully positioning it as the premier single-family home development in the submarket. The sale price marked more than a 300 percent increase within two years. In addition, Ytech made considerable investments to neighboring amenities, including parks, bike paths and jogging trails. Ytech’s strategy was to provide an investor with the opportunity to acquire a newly built, income-producing single-family portfolio that could be sold individually in the future.