Cardone Capital has acquired 10X Living at Sawgrass, an apartment community that’s near Sawgrass Mills, a large shopping mall in Florida. No financial terms were disclosed. Robert Givens at Cushman & Wakefield represented 10X Living at Sawgrass on the transaction.
MIAMI (PRWEB) JUNE 27, 2019
Cardone Capital, a Miami-based multifamily investment firm owned by Grant Cardone, announced the acquisition of 10X Living at Sawgrass, a garden-style apartment community with 501 units located within walking distance to the second largest mall in Florida, Sawgrass Mills. The property is being renamed by Grant Cardone to 10X Living.
This acquisition put the firm at almost $350M in transactions in the last seven months, putting Cardone Capital at 5,083 units and $1.1 Billion AUM.
10X Living at Sawgrass was represented by Robert Givens at Cushman & Wakefield and is a 10-building community built in 2014 with access to jobs and retail within a quintessential Florida suburban community across from the famous BBT.
Cardone Capital allows accredited, and non-accredited investors opportunity to invest alongside Cardone and has raised almost $200M in twenty months from Cardone’s social media following.
“We’re disrupting the real estate industry and changing the way people invest by using crowdfunding to replace the middleman (big banks) & give everyday people access to great real estate. I’m excited to offer both accredited and non-accredited investors the opportunity to own a piece of properties like 10X Living at Sawgrass which is typically only available to the super wealthy,” stated Grant Cardone, CEO of Cardone Capital.
With the growing trend of both baby boomers and millennials preferring to rent rather than own a home, everyone is craving the amenities of gated, well-located communities like 10X Living at Sawgrass; expansive clubhouse and business center, two large resort style pools, a 24-hour fitness center, a children’s playground, a dog park, and a jogging trail.
“Mr. Cardone is very bullish on multi-family and closed 458 units in Austin, Texas at the end of last year, and 351 units earlier this year in Sugar Land, Texas. Tomorrow he announces the close of 456 units in the Naples, Florida market. Don’t be surprised to see him close another 1,000 units he has under contract over the next sixty days,” says COO of Cardone Capital, Sheri Hamilton.
For more information on Cardone Capital and investment opportunities, call 833-822-7435 or go to http://www.cardonecapital.com.
About Cardone Capital
Cardone Capital is a private-equity real estate firm that specializes in incoming producing product, mostly in the multifamily housing sector. With 25+ years of experience in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets in four states; Georgia, Alabama, Texas, and Florida. Cardone Capital’s mission is to identify, acquire, and manage income-producing properties in great locations that provide opportunities for investors to preserve capital investments, collect consistent cash distributions while providing a future capital appreciation of the assets.