Bayshore Investment Partners, LLC (“BIP”) is pleased to announce the acquisition of Cedar Ridge at Forest Lake (“Cedar Ridge”), a newly developed, 70-unit Single-Family / Build-to-Rent (“BTR”) community in Davenport, Florida. Delivered in 2023, Cedar Ridge is located within one of the fastest-growing metropolitan areas (MSA) in the U.S., according to the U.S. Census Bureau.

This community, acquired from D.R. Horton, the nation’s largest homebuilder, offers spacious 3, 4, and 5-bedroom homes featuring 2-car garages, private fenced yards, and thoughtfully designed interiors. Constructed with durable concrete block structure (CBS), the homes are complemented by a luxurious resort-style pool and amenities, ensuring residents enjoy a premium living environment.

The acquisition of Cedar Ridge marks a significant addition to BIP’s multi-family portfolio, increasing our Florida footprint to over 1,700 units under management and bringing our total acquisitions to over 2,600 units since inception.

We extend our appreciation to Chad Freedman of Ballaga, Freedman & Atkins for representing our partnership in this transaction. Special thanks also to Berkadia’s Capital Markets team—Brad Williamson, Kyle Ryan, Abigail Beauchamp, and Jared Hill—for their exceptional efforts in securing Fannie Mae financing during the final lease-up phase. We would also like to recognize Jeremy Miller, Natalie Johns, and Will Crenshaw from Gallagher for procuring a comprehensive insurance package. Finally, we appreciate Zach Nolan, Ted Taylor, and Kyle Butler from JLL for their professional representation of the seller and for their collaborative efforts with BIP to meet all lender and property-level requirements.

Cedar Ridge will be managed by Cynergy Property Management, BIP’s vertically integrated property management platform.

BIP is a Miami/Coral Gables based real estate investment and management firm that was founded in 2010 to acquire and operate multi-family and commercial real estate properties. Today, BIP primarily acquires traditional multi-family apartments, BTR communities, and industrial flex assets. BIP has acquired nineteen assets with over 2,600 units since inception and an additional 170,000 square feet of retail and industrial flex assets, comprising +$420M in acquisitions and +$570M in 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