Berkadia is pleased to exclusively present the exceptional investment opportunity to acquire Kensington Place (the "Property"), the first institutional quality build-for-rent community in Sarasota County, which was recently rated the No. 1 Best Place to Live in Florida (2023) by U.S. News & World Report, based on desirability, quality of life, job opportunities, and overall value.
Developed by America's leading homebuilder, D.R. Horton, Kensington Place offers 37 townhome units averaging a spacious 1,696 square feet across well-appointed three-bedroom floorplans. Designed with the discerning renter in mind, the upscale townhomes feature attached garages, private two-car driveways, covered lanais, state-of-the-art technology packages, and top-of-market finishes throughout. As the only dedicated build-to-rent product in the area, the Property distinguishes itself from competition by offering residents true home style living with the added luxury of a professionally managed Class A apartment community.
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Senior Financial Analyst
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Senior Managing Director
The Property commands the most desirable location of any build-for-rent community throughout southwest Florida, positioned less than a mile west of I-75 along Fruitville Road - the area's main commercial corridor providing direct access to Downtown Sarasota within 10 minutes.
BRAND-NEW, LUXURY BFR TOWNHOME COMMUNITY: Conceived by America’s Largest Homebuilder, D.R. Horton
SARASOTA COUNTY’S INAUGURAL BFR ASSET: SW Florida’s Most Desirable, High-Barriers-to-Entry Location
BOOMING SARASOTA SFR FUNDAMENTALS: NO. 1 RENT GROWTH MARKET IN U.S. (JAN-23, JBREC)
SARASOTA’S VIBRANT MACROECONOMY IS FIRING ON ALL CYLINDERS: #1 Best Place to Live in Florida (U.S. News & World Report, 2023); #8 Fastest Growing City in the U.S. (Redfin, 2022)
STRATEGIC FRUITVILLE ROAD LOCATION: The Sarasota MSA’s commercial “center of gravity” offering convenient access to premier employment & lifestyle drivers
AFFLUENT ON-SITE DEMOGRAPHICS & PERENNIAL TOP-RATED SCHOOLS: $162K+ AVG. HOUSEHOLD INCOME (ON-SITE); TOP 2 PUBLIC SCHOOL DISTRICT IN FLORIDA
Senior Financial Analyst
300 South Orange Avenue
Orlando, FL 32801
4890 West Kennedy Boulevard
Tampa, FL 33609
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Summary & Highlights