Bayshore Investment Partners, LLC (“BIP”) is excited to announce the recent acquisition of Princeton Parc Apartments, a 200-unit garden style apartment community located in Melbourne, Florida. Developed in 2003, this acquisition strengthens BIP’s presence in the robust rental market of the Space Coast region. The community features include: Bark Park, Cyber Café, Resort Style Pool and Sundeck, Outdoor Kitchen with TV and Grills, State-of-the-Art 24-Hour Gym.

Princeton Parc Apartments marks a significant addition to BIP’s Multifamily portfolio. This acquisition increases BIP’s Melbourne portfolio to +300 units. Furthermore, this acquisition marks BIP’s +2,400 units since inception milestone.

We extend our gratitude to Chad Freedman of Ballaga Freedman & Atkins for representing the partnership in this acquisition. We also appreciate the efforts of Northmarq’s financing team, including Bob Harrington and Dan Lundell, for their proficient arrangement of the supplemental and assumption loans in the transaction. Finally, we would like to thank Ted Taylor and Kyle Butler from JLL for their professional representation of the seller in this transaction. Princeton Parc Apartments will be managed by Cynergy Property Management, BIP’s vertically integrated property management platform.

BIP is a Miami-based real estate investment and management firm that was founded in 2010 to acquire and operate multifamily and commercial properties. Today, BIP primarily acquires apartments and BTR communities. The firm also focuses on industrial flex assets and retail centers. BIP has acquired nineteen apartment communities with over 2,400 units since inception and an additional 170,000 square feet of retail and industrial flex assets comprising +$400M in acquisition value and +$550M in completed transactions. Combined, the principals have acquired and/or managed over $4.5 billion of real estate assets nationwide during their careers. For more information, please visit www.bayshoreinv.com