- DEAL TYPE
- :Off Market – Direct Joint Venture
- PROPERTY TYPE
- :Multi Family
- MARKET STATUS
In August 2013, a joint venture among 13th Floor and strategic partners acquired 157 two bedroom / one and one-half bathroom townhomes (155,000 rentable square feet) situated on 24.2 acres in Old Town Key West, Florida. The townhomes were built in 1994 and each contains 986 air-conditioned square feet; the townhomes are located within four-plexes, tri-plexes, and duplexes. The gated community includes four basketball courts, two handball courts, seven playgrounds, and six shaded picnic areas. In addition, the Property contains a commercial building, formerly occupied by Keys Federal Credit Union, which has 9,565 SF of gross building area and 56 parking spaces.