BOYNTON BEACH (June, 2018) – Robbins Property Associates, one of the fastest-growing multifamily owner-operators in the Southeastern U.S., has announced its sixth Florida acquisition since the fourth quarter of 2017: Aventine at Boynton Beach, a 216-unit apartment community located in Boynton Beach, FL. It will be renovated and rebranded as “Verona at Boynton Beach.”
Since the fourth quarter of 2017, Robbins acquired five other Florida properties, Station House in Lake Mary, Winter Park Commons and Central Place both in Winter Park, Lakeside Apartments in Brandon, and Art Avenue in Orlando. It has plans to acquire more multifamily communities in Florida in the months ahead, to expand the over 4,500 apartment holdings currently in Florida.
Robbins Property Associate’s national portfolio consists of over 13,000 apartments totaling over $1.5 billion in value.
“There is strong demand from renters for garden-style apartments in South Florida,” said Kristi King, COO & Principal of Robbins Property Associates. “Verona at Boynton Beach offers residents the kind of space, comfort, and amenities they expect in the Boynton Beach market. We look forward to continuing to expand our presence in key Florida markets and to announcing additional acquisitions later this year.”
Verona at Boynton Beach features one-, two- and three-bedroom units in garden-style buildings, with average monthly rents of approximately $1,686. The community is designed to accommodate any lifestyle with its five-star amenities, including a resort-style swimming pool, clubhouse, business center, fitness center, and dog park.
Located at 1575 SW 8th Street, the community is centrally located with ease of access to I-95, Florida Turnpike and close to dining, entertainment and shopping destinations. The property is currently 95% occupied.
As part of its value-add initiative, Robbins Property Associates plans to implement improvements to the community’s interior and exterior by adding granite countertops, modern backsplashes, upgraded black stainless appliances, updated light and plumbing fixtures, plank flooring, and amenity upgrades including a fully renovated clubhouse, Cyber Café and 24-Hour expanded Fitness Center, Bark Park to include Agility Equipment, Pet Wash and Doggie Pool, Luxury Resort-style Pool area including new Furniture and Cabanas, Firepit with Seating Area, Summer Kitchen, 24-Hour Package Delivery System, screened lanai area and full exterior paint.
For more information on Verona at Boynton Beach acquisition or Robbins Property Associates, please visit RobbinsPropertyLLC.com.
Robbins Property Associates contact:
Greer Hill, Director of Marketing
Robbins Property Associates
4890 W. Kennedy Blvd., Suite 270
Tampa, FL 33609
Nancy Summers, Veranos Marketing
& PR Services
E: [email protected]