Cocoa Grand is a newly constructed, 268-unit Class A garden-style community offering stunning lake views and upscale finishes. Acquired as an opportunistic asset in July 2024, the property is strategically located in Florida’s booming Space Coast market, an area experiencing rapid population growth and a surge in professional and tech-sector employment. This high-quality asset combines modern design with strong market fundamentals, positioning it for long-term value and stable cash flow.
FUND OVERVIEW FOR ACCREDITED INVESTORS
- Minimum Investment Amount: $50,000
- Term: 5 Years plus (2) 1-year Optional Extensions
- Target Return: 10% Annual - Paid Monthly
- Guarantor: Nick Sinatra, Personal Guarantor
- Investments: Portfolio Loans to Affiliate Borrowers
- Who can invest: 25% of Fund Allocated for Qualified Plans
FUND OVERVIEW FOR QUALIFIED PURCHASERS
- Minimum Investment Amount: $500,000
- Term: 5 Years plus (2) 1-year Optional Extensions
- Target Return: 12% Annual - Paid Monthly
- Guarantor: Nick Sinatra, Personal Guarantor
- Investments: Portfolio Loans to Affiliate Borrowers
- Who can invest: 25% of Fund Allocated for Qualified Plans
A Growing Demand for Workforce Housing
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Declining home-ownership due
to higher rates have led to more renters - Gen Z and Gen Y are more inclined to rent
- Renter households are expected to increase over the next 2-5 years
- Interstate migration increases general demand
-
Population growth is outpacing housing unit adds in Florida
- New supply of Workforce Housing has been constrained - development donut hole
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Multifamily rents are less volatile than rents for other commercial property types
- Workforce housing rents see fewer wild swings
- Favorable Financial Mechanics
- Shorter depreciation schedule for multifamily properties can generate higher after-tax yields
Florida Space Coast: Jobs & Lifestyle
The Florida Space Coast is located Brevard County, just 40 minutes east of Orlando on the Atlantic coastline.
Brevard County cites a strong employment forecast, with SpaceX, Blue Origin, United Launch Alliance, OneWeb, and other space-industry companies priming Florida's Space Coast for take off. Additionally, in 2019, The Boeing Company chose Titusville to relocate its Space and Launch division headquarters. L3Harris is also planning a potential expansion to its Palm Bay campus that would result in 200 new high-paying jobs.
Driven by a booming tech sector and an affordable cost of living, a recent study revealed that the Space Coast of Florida leads the nation in the percentage of workers with living-wage jobs.
AWARDS & ACCOLADES
#1 Fastest Growing Tech Sector in Florida ISpace Coast Daily, 20231
#1 Percentage of Workers with Living Wage Jobs in U.S. ILudwig Institute for Shared Economic Prosperity 20231
#1 Busiest Cruise Port in the World [Port Canaveral, 2023)
#2 Best City for Millennial Job Seekers in Florida [Nerdwallet, 20231
#15 Best Places to Live in U.S. IU.S. News and World Report, 20231
Our Track Record
Sinatra & Co. Real Estate is a privately held, vertically integrated real estate firm headquartered in Buffalo, New York. With a proven track record in fund and asset management, Sinatra & Co. currently manages more than $700 million
in real estate assets, including over 4,000 multifamily units throughout New York, Florida, and Illinois. The firm’s disciplined investment strategy, combined with its commitment to long-term value creation, has earned the trust of a
diverse and sophisticated investor base.
Contact us to learn more or to request fund materials.