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City Harbor
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City Harbor

Melbourne, FL
Property Information
Property Type
Multifamily
Number of Units
208
Build Type
Value-Add
Completion Date
2022
Property Overview

City Harbor is a lakeside multifamily community in Melbourne offering one-, two-, and three-bedroom homes with polished finishes and resort-inspired amenities in Florida's Space Coast market.

With 208 apartment homes, City Harbor combines a quiet lake setting with renovated interiors and community spaces designed for everyday ease. The asset sits within a region supported by aerospace, defense, and coastal lifestyle demand.

Case Study

Investment Thesis & Execution

Acquired with a value-add thesis centered on interior renovations, amenity refresh, and operational improvements. The team executed renovations while maintaining occupancy, capturing rent growth and elevating the resident experience across this Melbourne community.

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The Jaxon exterior
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Property Website

The Jaxon is a premier multifamily community near Lake Houston in Kingwood, offering modern living with premium amenities and a prime location near major employment centers and entertainment districts.

The Jaxon features 312 apartment homes with a mix of one-, two-, and three-bedroom floor plans. Community amenities include a resort-style pool, fitness center, co-working lounge, and pet spa, all positioned within easy reach of everyday convenience and Houston's growth corridors.

Acquired in mid-2021 with a value-add thesis centered on interior renovations, amenity upgrades, and professionalized on-site management. Within 18 months, the team completed unit renovations across 70% of the community, launched a new resident experience program, and implemented dynamic revenue management. Rental rates increased 22% while occupancy held above 96%, driving meaningful NOI growth and a revaluation well above the purchase price.

Connect with our capital markets team to learn more, or visit the property website to explore the community.

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