DEVELOPMENTS

DEVELOPMENT PIPELINE

Class A, ground-up multi-family community development
Great location off US 441 and adjacent to Advent Waterman Hospital
Seven 4-story, garden-style buildings with elevators
Modern floor plans, upscale interiors, best-in-class amenities, and expansive green space
Initial approval of project received in July 2022
Height Variance approval received in September 2023

Tavares Manor Apartment Homes

Tavares, FL

336 Units

TARGET CONSTRUCTION: Q1 2025

Class A, ground-up multi-family community development
Great location off US 441 and adjacent to Advent Waterman Hospital
Seven 4-story, garden-style buildings with elevators
Modern floor plans, upscale interiors, best-in-class amenities, and expansive green space
Initial approval of project received in July 2022
Height Variance approval received in September 2023

Located ½ mile from I-4 intersection near the UF Halifax Health Medical Center and Amazon distribution facility.
Obtained agricultural exemption to reduce annual taxes to approximately $100
Seeking entitlements for 300 multifamily units and over 50,000 sf of retail/restaurant/office space
Excellent opportunity with an extremely low basis in the Orlando MSA

SR 472 & Minnesota

Deland, FL

300 Units

TARGET CONSTRUCTION: Q1 2025

Located ½ mile from I-4 intersection near the UF Halifax Health Medical Center and Amazon distribution facility.
Obtained agricultural exemption to reduce annual taxes to approximately $100
Seeking entitlements for 300 multifamily units and over 50,000 sf of retail/restaurant/office space
Excellent opportunity with an extremely low basis in the Orlando MSA

COMPLETED TRANSACTIONS

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Purchased for: $3,290,000

Sold for: $5,525,000

Company Profit: $2,235,000

THE TRIBUTE

Palm Coast, FL

The Tribute was a 22-acre multifamily development site in Palm Coast, Florida (Daytona MSA) located directly of 1-95 and less than 1 mile from AdventHealth Palm Coast.
Arazi Principals sourced the land off-market and completed all predevelopment items (including rezoning, comprehensive plan amendment, and site plan & building plan approval).
Arazi Principals secured construction financing from Valley Bank and equity from BCDC and were 30 days from closing when they were presented an offer for the shovel-ready site.
After surveying market conditions and negotiating with Purchaser to obtain aggressive pricing and closing terms, Arazi Principals decided to sell the Tribute site.

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