Grant Cardone has been investing in Multi-Family Real Estate since the mid 1990s.
Cardone’s combined 40+ transactions have spanned across 8 states including California, Arizona, Texas, North Carolina, Tennessee, Georgia, Alabama and Florida.
In 2012, Cardone made the single largest private acquisition in Florida which consisted of 5 properties, The Harbour Portfolio, just north of Miami. Cardone competed and prevailed against 38 other groups to be awarded this acquisition.
The $59 million dollar purchase of 1016 units, produces a positive cash flow in excess of 8% a year, using Fannie Mae debt while Cardone’s third party management team takes advantage of no new product development and trending rising rents.
By focusing on value add opportunities in tertiary markets overlooked by REITs and provide some barriers or limitations to new product coming to market.
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Experienced Multifamily Loan Analyst