Mode at Ballast Point
Multifamily
Mode at Ballast Point is a high-performing value-add apartment community located in Tampa, Florida—one of the top 5 markets projected for rent growth in the U.S. over the next five years. The Property is located in Hillsborough County, which is ranked as the eighth fastest-growing county in the U.S. Near the county’s largest employer (MacDill Air Force Base), a broad selection of restaurants, new entertainment development projects, waterfront parks, and Tampa’s famous “Bayshore Boulevard.”*
Mode at Ballast Point is walkable to Skyview Park and waterfront Ballast Point Park, and is a 30-minute drive to some of the most highly-rated beaches in the U.S., including St. Pete Beach (ranked #1 nationwide, TripAdvisor, 2021).**
A fast-growing MSA of over 3.1 million people, Tampa is experiencing exponential market rent growth driven by rapid population, income, and job growth. Tampa has achieved a strong 16.4% market rent growth in 2021, and an exceptional 9.1% annually from 2022 to 2026—ranking first among all major markets in the United States, including: Phoenix, Austin, Dallas, Atlanta, and Miami. New ownership will time value-add improvements perfectly with a rising market.***
*From Q2 2023 to Q2 2028, among largest 50 metro areas. RealPage. Data Direct (calculated), 2023 https://www.census.gov/newsroom/press-releases/2023/population-estimates-counties.html https://tbaytoday.6amcity.com/tampa-bays-top-industries-major-players **Edwards, Teyonna. “St. Pete Beach ranked #1 in the U.S. by TripAdvisor.” 23 Feb. 2021, p. 1, https://www.abcactionnews. com/lifestyle/taste-and-see/st-pete-beach-ranked-1-in-the-u-s-by-tripadvisor. ***From Q2 2023 to Q2 2028, among largest 50 metro areas. RealPage. Data Direct (calculated), 2023. Axiometrics
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by the Private Placement Memorandum. This sales and advertising literature must be read in conjunction with the Private Placement Memorandum in order to understand fully all of the implications and risks of the offering of securities to which it relates. A copy of the Private Placement Memorandum must be made available to you in connection with this offering. An investment in Carter Multifamily Growth & Income Fund, LLC involves a high degree of risk and there can be no assurance that the investment objectives of this program will be attained.
Company
Carter Multifamily
Location
Tampa, FL
Overview
Mode at Ballast Point is a garden-style multifamily property with 276 apartment homes. Located in Tampa, FL, the property is part of one of the fastest-growing and most in-demand markets in the Southeast.