Riverwalk II Apartments is located in Homestead, Florida, a suburban city 35 miles south of Downtown Miami.
The property sits on four acres, with a central lake and offers amenities such as a pool, clubhouse, laundry facilities and renovated unit interiors.
Ytech acquired the asset in 2013 and invested millions into redeveloping the property and repositioning it within its submarket.
Ytech was able to acquire the property at a significant discount and one year later, the property achieved a stabilized occupancy and a net operating income increase of more than 35 percent.
Major thoroughfares include Campbell Drive to the north, US-1 to the west and Florida’s Turnpike to the east.