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Role

RPL provided due diligence and development oversight services on behalf of an institutional equity partner.

Unique Approach

• Constructed within tight site surrounded by neighboring buildings.
• Navigated challenging approval process.
• Addressed code violations of existing property before proceeding with construction.

Outcomes

• Project completed per business plan.
• Property leased up successfully.

Scope of Work

Development of a four-story climate-controlled self-storage facility.

Project Summary

• Client: One of the largest institutional private equity investment firms
• Location: Miami, FL
• Size: 1127 units, 4 floors, 107,350 RSF
• Timeline: 2015 to 2017
• Services: Due Diligence and Development Oversight
• Cost: $16 million
• Architect: TAO Architecture & Design
• Contractor: DeAngelis Diamond Construction