Ground-Up Development
Vera Fund's ground-up development strategy builds new multifamily, townhome, and mixed-use residential projects in South Florida submarkets with measurable supply / demand imbalances.
We identify undersupplied neighborhoods, secure entitlements, and deliver fully-amenitized buildings that satisfy unmet demand for high-quality residential housing in Miami-Dade and Broward counties.
Creating Communities
We identify neighborhoods that needs more residential units and bring real projects from concept to reality. Our vertically integrated team leverages expertise to create assets that support community success.
1
Identify demand
2
Develop projects
3
Build communities
4
Create success
Property Types We Develop
From townhomes to multifamily complexes, we specialize in creating diverse residential developments
01
Multifamily
2479 NE 192 ST, MIAMI, FL
02
Townhomes
2850 NE 32nd St, Fort Lauderdale, FL
03
Mixed-Use Development
650 SW 1st Street, Miami, FL
04
Residential Complex
234 NW 34th Street, Miami, FL
Case Study
2479 NE 192nd ST, Miami, FL
Residential construction of multi-family complex with 20 units
- Status:
- Under Construction
- Scheduled Completion:
- 12/24
- Leverage:
- Low ~45% LTC
- Target IRR:
- 30%
- Target MOIC:
- 1.75x
Project Overview
Currently, the project is under construction, superstructure is almost topped out with anticipated project completion in December 2024. The project is located in a unique location in walking distance from top rated private school Scheck Hillel Community School.
As the whole ground-up strategy this project is aimed to satisfy unrealized demand for quality living in modern fully-amenitized buildings.
The investment targets an impressive IRR of 30% and aims to achieve an Investment Multiple MOIC of 1.75x
FAQ