#United States #Miami #Olympus Property #Fifteen

Olympus Property Expands Its Florida Portfolio with New Acquisition

Olympus Property is making significant strides in the real estate market by entering Miami with its recent acquisition of Fifteen, a luxury apartment community boasting 132 units in the city's bustling Health District. This move marks Olympus's first foray into the Miami market, highlighting their strategic growth in one of South Florida’s most important employment hubs. Known for its robust healthcare industry, the Health District is home to major medical institutions, making it a highly sought-after location for both living and working.

The acquisition is part of Olympus Property's broader strategy to invest in areas that exhibit strong demand for housing coupled with a constrained supply. By targeting high-opportunity submarkets, Olympus aims to enhance operational efficiency and deliver long-term value and satisfactory returns to its investors.

Alex Badalian, the Director of Investments at Olympus Property, remarked, “Olympus has been active in Florida for over a decade, steadily growing our presence across the state's most dynamic markets. The acquisition of Fifteen reflects our broader strategy of targeting high-opportunity submarkets within major gateway metros. With South Florida's continued growth and strong rental fundamentals, we see this as an ideal setting to elevate the resident experience while delivering sustainable, long-term results at this asset.”

Fifteen’s design and accessibility are tailored for professionals engaged in the healthcare sector, making it a pivotal addition to the neighborhood. Residents will enjoy a boutique mid-rise atmosphere that offers easy access to leading healthcare facilities, such as the University of Miami Health System, Jackson Memorial Hospital, and the Miami VA Medical Center. Additionally, they will benefit from proximity to the upcoming Kenneth C. Griffin Cancer Research Center, a significant 12-story facility slated to open in 2025.

The community's location provides excellent public transportation options and an array of amenities aimed at enhancing the living experience for its residents. Direct access to key highways like Dolphin Expressway (SR 836) and I-95 ensures that residents can easily reach commercial hotspots such as Downtown Miami, Brickell, Coral Gables, and the Miami River District.

This acquisition was facilitated by Walker Dunlop’s Fort Lauderdale investment sales team, which included members Still Hunter and Kaya Suarez. Financing was arranged by Craig West and the TeamWest group at Walker Dunlop.

About Olympus Property

Founded in 1992, Olympus Property is a premier multifamily owner and operator headquartered in Fort Worth, Texas. With an impressive portfolio valued at over $8.5 billion, Olympus manages more than 35,000 units across the United States. The company is committed to focusing on high-growth markets while providing exceptional living experiences for its residents. Currently, Olympus owns and manages multifamily properties across 17 states, emphasizing its growth trajectory and commitment to expanding its footprint in lucrative markets. For more information, visit www.OlympusProperty.com.

With this strategic move into Miami, Olympus Property not only signifies its confidence in the enduring health and economic vibrancy of the region but also sets itself up for continued success in the competitive landscape of multifamily housing.