Cardone Capital Acquires New 288-Unit Apartment Complex in Panama City Beach, Florida

September 24 02:27 2019
Cardone Capital Acquires New 288-Unit Apartment Complex in Panama City Beach, Florida
Multifamily investment firm Cardone Capital continues to expand its portfolio.

Aventura, FL – Grant Cardone, founder and CEO of Cardone Capital, is pleased to announce the acquisition of 10X Living at Panama City Beach, a new 288-unit garden-style community located in Panama City Beach, Florida. The property was renamed 10X Living by Grant Cardone.

Built in 2018 and located at 7150 Highway 98, 10X Living at Panama City Beach consists of one-, two- and three-bedroom units in three-story buildings located on a 20-acre lot. Units feature faux-wood plank flooring, Energy Star appliances, walk-in closets, digital thermostats, a full size washer/dryer, a balcony or patio, and a private fenced-in yard in some units.

The gated community, located just three miles from the beach, includes resort-style amenities with a clubhouse, business center, internet café, covered pool lounge, outdoor grills and picnic areas, large and small breed dog parks, dog wash facilities, a 24-hour state-of-the-art fitness center and 24-hour Luxer One Package concierge.

“I’m thrilled to be able to offer both accredited and non-accredited investors the opportunity to own a piece of properties like 10X Living at Panama City Beach,” says Cardone. “Up until fairly recently, this sort of opportunity was only available to the super-wealthy. But now, ordinary investors can partner with me and actually see their money working for them.”

Ideally situated between Panama City Beach and Panama City, 10X Living at Panama City Beach offers residents a quick commute to major employers and Emerald Coast beaches. Nearby employers include Tyndall Air Force Base, Bay Medical Center – Sacred Heart, Gulf Coast Regional Medical Center, Naval Support Activity, General Dynamics IT, and Berg Steel Pipe. The property is also located just 900 yards from 10X Living at Panama City Beach, the new $38 million Panama City Beach Sports Complex.

“The Panama City MSA has seen upward of 9 percent rent growth over the past 12 months,” adds Executive Vice President Ryan Tseko. “10X Living at Panama City Beach has an average occupancy of 96 percent, with an average leased rents of $1,300 per month. It’s the ideal addition to our portfolio.”

Cardone has been buying real estate across the USA for over thirty years and his firm’s entire portfolio now consists of 6,537 multifamily units with $1.36 billion AUM. Cardone Capital recently made history by raising $50 million in crowdfunding for real estate using social media, the largest Regulation A crowdfunding ever accomplished.

For more information about multifamily real estate investing, visit CardoneCapital.com and click on Schedule a Call.

About Cardone Capital

Cardone Capital locates, negotiates, buys, and manages cash flow multi-family properties then creates investment vehicles for non-accredited investors via Reg. A offerings and Reg. D offerings for accredited investors.  

Cardone Capital’s portfolio currently consists of 6,537 units with a total value of over $1.36 billion, and has plans to expand 10x over the next five years.

To find out more, visit the website at https://cardonecapital.com/

Our offerings under Rule 506(c) are for accredited investors only.

FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV.

For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at https://cardonecapital/offering-1.

Media Contact
Company Name: Cardone Capital
Contact Person: Brian H. Robb, MBA, MSc., Chief Marketing Officer
Email: Send Email
Phone: +1-833-822-7435
Country: United States
Website: https://cardonecapital.com/

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