-+ 0.00%
-+ 0.00%
-+ 0.00%
Developer Launches Investor Offering for 465-Unit Boynton Beach Rental Community
Share
Listen to the news

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.  

The post Developer Launches Investor Offering for 465-Unit Boynton Beach Rental Community appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending