Developer Launches Investor Offering for 465-Unit Boynton Beach Rental Community
Time Equities, Inc launched a $95.3 million tenant-in-common (“TIC”) investment offering for OCTAVIA, an eight-story, 465-unit Class A multifamily community under construction in downtown Boynton Beach, Florida.
Having broken ground in September 2026, the development features 6,500 square feet of retail space, a 1,005-space parking garage, and approximately 50,000 square feet of private amenities.
The investment structure includes senior positioning relative to approximately $34 million of sponsor equity and features an executed Tax Increment Financing (TIF) agreement expected to significantly lower real estate taxes for roughly ten years post-completion. Financial projections target an initial 5.75% annual current return, distributed quarterly, along with a planned refinancing to return a portion of invested capital on a tax-deferred basis.
The OCTAVIA project team includes MSA Architects, ID & Design International, KAST Construction, and Kimley-Horn.
Other News
Gantry Secures $51M of CMBS Financing for Kansas City Value-Add Multifamily
Gantry has secured a total of $50.75 million in two permanent loans to refinance post-construction bridge debt for a pair of recently repositioned and comprehensively renovated apartment communities in Kansas City. Now stabilized, both assets offer modern finishes and upgraded common areas, with studio, one-, two-, and three-bedroom floor plans. The 222-unit Palisades Apartments is...
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CBRE Facilitates $85M Sale of Beaverton Apartment Complex
CBRE announced the sale of West End District, a 424-unit multifamily community with approximately 34,000 square feet of ground-floor retail space located at 14700 SW Rocket St. in Beaverton, Oregon, for $85.25 million. CBRE’s Joe Nydahl and Josh McDonald represented the seller, Taylor Morrison, in the transaction. The buyer was Grand Peaks. “Closing West End...
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Goldman Sachs Pays $147M for DC Apartment Building
A 269-unit D.C. apartment building at 1499 Massachusetts Ave. NW was acquired by an affiliate of Goldman Sachs & Co. LLC for $147 million. The Goldman Sachs affiliate received a $70 million loan from the New York State Teachers’ Retirement System, reported by the Washington Business Journal. The property, located two blocks east of Scott...
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout