MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, has announced the acquisition of Rittenhouse Village at Valparaiso, a 90-unit assisted living and memory care community in Valparaiso, Indiana. Positioned in the northwest region of Indiana and about ten miles south of Lake Michigan, the city of Valparaiso has become an attractive living destination, with a short commute to the Chicago area. The property will operate under the company’s propriety senior-living Aviva brand as AVIVA Valparaiso.

This marks Lloyd Jones’ sixth acquisition this year, and first in the state of Indiana. In June alone, the firm added a nationally recognized historical property and an active adult-community to its senior housing portfolio: AVIVA West Hartford in West Hartford, Connecticut, and AVIVA Fort Worth in Fort Worth, Texas.

Built in 2007 and renovated in 2019, AVIVA Valparaiso is a two-story community that stretches over 70,700 square feet. The building features a porte cochere entrance with a grand lobby and vast open lounges. The first floor includes two dining rooms, a cafe, activity center, gardening area, and two separate wings consisting of 66 assisted-living units and 24 memory-care units. The second floor of the community offers additional communal areas for the residents and a beauty salon and barbershop.

“We are excited to expand our footprint in the Midwest and in a state with a large, growing senior population where over 40% of the total population will be over 65 by 2030,” says Tod Petty, Vice Chairman of Lloyd Jones Senior Living. “Our operational expertise will create a life-enriching environment to meet the needs of this aging demographic.”

Lloyd Jones plans to invest over $1M into the property to execute a capital renovation strategy that includes new lighting, plank vinyl flooring, and updated plumbing fixtures in units. The firm will also introduce its signature technology package to enhance the comfort and security of its residents.

This investment partnership will be open to individual accredited investors through a soon-to-be-launched investment platform. Details on the launch will be available September 1st, 2022 on www.lloydjonesllc.com

MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, has announced the acquisition of First Apartments, a 194-unit, a mid-rise multifamily community in East Little Havana. The property is situated less than one mile from the vibrant neighborhoods of downtown Miami and Brickell. This marks the firm’s sixth acquisition announced this year. First Apartments will be rebranded and renamed The Vibe.

For the third time this year, Lloyd Jones has partnered with ST Real Estate Holding Inc. (STRE), under the direction of Vice Chairman Patrick Lardi, to close the transaction. Back in April, the partnership acquired AVIVA Maybelle Carter in Madison, Tennessee. In June, the joint venture announced a second transaction with the acquisition of AVIVA Fort Worth in Fort Worth, Texas.

Completed in 2021, the First Apartments community was built with great attention to detail and a focus on smart home design. The property features spacious, modern apartment homes with in-unit finishes that include porcelain tile flooring, Wi-Fi enabled smart washer and dryer, and oversized terraces. These sleek furnishings are complemented by an array of premium amenities such as a resort-style pool, expansive dog park and pet wash station, remote workspaces with tech tables, and EV car charging ports.

“The immediate area surrounding the property has benefited from a surge in rental demand and is forecasted for continued growth,” says Ashley Socarras, senior vice president of acquisitions at Lloyd Jones. “We are excited to add The Vibe to our portfolio. This is a beautiful property, five minutes from the epicenter of Miami’s employment, retail, and entertainment activity. And, of course, its close proximity to the Lloyd Jones headquarters is especially appealing.”

The Lloyd Jones team continues to seek investment opportunities in the multifamily and senior housing space nationwide, with a primary focus on the Sun Belt regions.

About Lloyd Jones LLC
Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. Investment partners include private and institutional investors and family offices around the world.

To learn more about Lloyd Jones, visit www.lloydjonesllc.com

About ST Real Estate Holding Inc. (STRE)
ST Real Estate Holding Inc. (STRE) is a real estate investment firm launched in the 1960s by pioneer Dr. Tito Tettamanti, STRE Honorary Chairman. With a focus on Switzerland and Canada, STRE has expanded its investments in the United States, Hong Kong, China, and Australia, building a historical portfolio of more than 1.5 billion USD. Att. Massimo Pedrazzini and Mr. Patrick Lardi have grown the residential U.S. and commercial Australian portfolio, valued at more than 720 million USD, over the last decade. With an experienced team and support from the Fidinam Group, STRE is able to generate long-term returns and promptly respond to changing market conditions. STRE is the real estate investment division of ST Group Holding.

Learn more at: https://stre.biz/

Drive Development Partners, a Florida-based construction management firm, plans to merge with Lloyd Jones to continue expanding senior housing and multifamily portfolio.

Drive Developments Partners, a boutique development advisory and construction management firm has merged with Lloyd Jones, a real estate investment firm headquartered in Miami. Drive, who specialized in senior living and multifamily developments, matches Lloyd Jones’s current $1 billion portfolio which consists primarily of those two asset types.

Drive’s Managing Partner in Florida, Michael Hass, will assume the role of Senior Vice President of Development, Design, and Construction at Lloyd Jones. The company currently has one ground-up senior living development under construction in Florida and acquisitions in Tennessee, Minnesota, and Nebraska with capital improvement projects starting this quarter. Several more acquisitions and ground-up developments are in their pipeline for 2022 and 2023.

In addition to the Lloyd Jones portfolio, the merger allows Lloyd Jones to build out their third-party services of fee-for-service development advisory, owner’s representation and construction management, project consulting, and program management. The clients of Drive’s Florida office will now be serviced out of Lloyd Jones’s Miami office where offerings can be expanded to capital solutions, third party operations and management, and asset management in addition to those previously offered by Drive.

The Arizona office of Drive Development Partners is not affected by the transaction and will continue operating under the Drive name.

About Lloyd Jones LLC:

Lloyd Jones LLC is a real estate investment firm with 40 years in the industry under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. It has recently added a hotel acquisition division. Investment partners include private and institutional investors and family offices around the world.

To learn more about Lloyd Jones, visit lloydjonesllc.com.

An investment in multifamily real estate can help you diversify your investment holdings. This is an area of real estate that many investors have had personal experience with, so it may feel like a comfortable foray into real estate investing.

In addition to familiarity, though, there are many sound reasons to invest in multifamily real estate. Let’s take a look at the top 5 reasons.

  1. Demand for multifamily real estate should continue to rise. 

Last year set a record for multifamily demand, with annual absorption – the total number of newly built apartments that were rented during the year – of 617,500 apartments, according to CBRE. That was up 238% from 2020 levels and 97% from 2019.

Vacancy rates in the multifamily sector are at their lowest in nearly four decades: As of Q4 2021, the vacancy rate was just 4.5%, according to Costar data.

It’s no wonder that a recent Berkadia survey found that 82% of mortgage bankers and investment sales advisors expect demand for multifamily housing to rise.

Many people prefer renting over owning their home, and there are many reasons for this:

  • Home ownership is not a top priority for millennials or Gen Z, who are delaying marriage and may be carrying heavy student debt burdens.
  • Rising home prices and mortgage rates have priced many people out of the market.
  • As workers spend less time at each job, they want more flexibility to move for the best opportunities.
  1. An investment in multifamily housing can offer both income and appreciation. 

Rents offer an income stream to multifamily investors, while the property itself may appreciate in value. And rents have been rising.

According to Redfin, in January 2022, the nationwide average asking rent for an apartment was up 15.2% from January 2021. Rents rose even more in particularly in-demand metro areas, with the top 10 growing markets all seeing rent growth of 30% or more from 2019 to 2022. In fact, only two metro areas that Redfin tracks saw rents fall during January.

  1. Multifamily real estate offers a wide range of investment options.

Apartments are in demand in suburban and urban areas, small and large cities, and across regions of the U.S. Properties range from garden-style apartments that may be just a couple of stories high to skyscrapers, from multi-building communities to single standalone buildings. Multifamily properties also cater to a variety of demographics, and include various levels of amenities – you can invest in Class A, B or C multifamily, or in affordable or workforce housing specifically.

  1. Multifamily real estate tends to be inflation-resistant.

Most apartment leases are for one or two years, which means rate changes can happen frequently. The ability to adjust rental rates to match the market gives multifamily real estate tremendous inflation resistance.

  1. Governments are focused on building affordable and workforce housing.

This focus stems in large part from rising home prices, and has led to a variety of government incentives for developers of affordable and workforce housing. This type of multifamily real estate can be an investment that is both profitable and performs a social good. The right types of housing help communities thrive, reduce homelessness and increase the quality of life for residents.

Are you interested in investing in multifamily properties through crowdfunding? Sign up with Lloyd Jones to learn more about hotel investment opportunities.

An investment in multifamily real estate can help you diversify your investment holdings. This is an area of real estate that many investors have had personal experience with, so it may feel like a comfortable foray into real estate investing.

In addition to familiarity, though, there are many sound reasons to invest in multifamily real estate. Let’s take a look at the top 5 reasons.

  1. Demand for multifamily real estate should continue to rise. 

Last year set a record for multifamily demand, with annual absorption – the total number of newly built apartments that were rented during the year – of 617,500 apartments, according to CBRE. That was up 238% from 2020 levels and 97% from 2019.

Vacancy rates in the multifamily sector are at their lowest in nearly four decades: As of Q4 2021, the vacancy rate was just 4.5%, according to Costar data.

It’s no wonder that a recent Berkadia survey found that 82% of mortgage bankers and investment sales advisors expect demand for multifamily housing to rise.

Many people prefer renting over owning their home, and there are many reasons for this:

  • Home ownership is not a top priority for millennials or Gen Z, who are delaying marriage and may be carrying heavy student debt burdens.
  • Rising home prices and mortgage rates have priced many people out of the market.
  • As workers spend less time at each job, they want more flexibility to move for the best opportunities.
  1. An investment in multifamily housing can offer both income and appreciation. 

Rents offer an income stream to multifamily investors, while the property itself may appreciate in value. And rents have been rising.

According to Redfin, in January 2022, the nationwide average asking rent for an apartment was up 15.2% from January 2021. Rents rose even more in particularly in-demand metro areas, with the top 10 growing markets all seeing rent growth of 30% or more from 2019 to 2022. In fact, only two metro areas that Redfin tracks saw rents fall during January.

  1. Multifamily real estate offers a wide range of investment options.

Apartments are in demand in suburban and urban areas, small and large cities, and across regions of the U.S. Properties range from garden-style apartments that may be just a couple of stories high to skyscrapers, from multi-building communities to single standalone buildings. Multifamily properties also cater to a variety of demographics, and include various levels of amenities – you can invest in Class A, B or C multifamily, or in affordable or workforce housing specifically.

  1. Multifamily real estate tends to be inflation-resistant.

Most apartment leases are for one or two years, which means rate changes can happen frequently. The ability to adjust rental rates to match the market gives multifamily real estate tremendous inflation resistance.

  1. Governments are focused on building affordable and workforce housing.

This focus stems in large part from rising home prices, and has led to a variety of government incentives for developers of affordable and workforce housing. This type of multifamily real estate can be an investment that is both profitable and performs a social good. The right types of housing help communities thrive, reduce homelessness and increase the quality of life for residents.

Are you interested in investing in multifamily properties through crowdfunding? Sign up with Lloyd Jones to learn more about hotel investment opportunities.

By Taylor Williams

Miami-based investment firm Lloyd Jones has acquired Seville at Clay Crossing, a 351-unit apartment community located in the western Houston suburb of Katy that was built in 2020. Units at the property feature granite countertops, private garages and individual washers and dryers. Amenities include a pool, package lockers and a dog park. The seller and sales price were not disclosed.

Lloyd Jones Acquires 351-Unit Multifamily Community in Metro Houston

By Taylor Williams

Miami-based investment firm Lloyd Jones has acquired Seville at Clay Crossing, a 351-unit apartment community located in the western Houston suburb of Katy that was built in 2020. Units at the property feature granite countertops, private garages and individual washers and dryers. Amenities include a pool, package lockers and a dog park. The seller and sales price were not disclosed.

Lloyd Jones Acquires 351-Unit Multifamily Community in Metro Houston

By Taylor Williams

Miami-based investment firm Lloyd Jones has acquired Seville at Clay Crossing, a 351-unit apartment community located in the western Houston suburb of Katy that was built in 2020. Units at the property feature granite countertops, private garages and individual washers and dryers. Amenities include a pool, package lockers and a dog park. The seller and sales price were not disclosed.

Lloyd Jones Acquires 351-Unit Multifamily Community in Metro Houston

By Taylor Williams

Miami-based investment firm Lloyd Jones has acquired Seville at Clay Crossing, a 351-unit apartment community located in the western Houston suburb of Katy that was built in 2020. Units at the property feature granite countertops, private garages and individual washers and dryers. Amenities include a pool, package lockers and a dog park. The seller and sales price were not disclosed.

Lloyd Jones Acquires 351-Unit Multifamily Community in Metro Houston

By Taylor Williams

Miami-based investment firm Lloyd Jones has acquired Seville at Clay Crossing, a 351-unit apartment community located in the western Houston suburb of Katy that was built in 2020. Units at the property feature granite countertops, private garages and individual washers and dryers. Amenities include a pool, package lockers and a dog park. The seller and sales price were not disclosed.

Lloyd Jones Acquires 351-Unit Multifamily Community in Metro Houston