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background-LaVida Apartments

LaVida Apartments

LaVida Front view

LaVida Apartments, Class A, 272 unit, mid-rise, core multifamily community located in West Miami/Doral submarket of Miami, Florida was acquired in September 2021.

Nuveen Real Estate’s housing sector believes in the long-term market fundamentals of the Miami MSA. LaVida apartments is well positioned within the submarket and benefits from convenient accessibility to employment and entertainment. West Miami/Doral submarket ranked third out of the nine Miami submarkets for effective rent growth, and is forecasted to average 4.5% effective rent growth from 2022 to 2024 according to Axiometric Market Narrative 2Q21 report.

Built in 2019, the Property offers contemporary amenities such as resort style pool, spa, outdoor kitchen, clubhouse deck, dog park, entertainment kitchen, clubhouse, business center, temporary workspaces, 24-hr fitness center and electric vehicle stations. In-unit amenities include contemporary kitchens, stainless steel appliances, lakefront views, expansive floor plans, ceiling fans, modern bathrooms, dual vanities, patios/balconies, walk-in closets and full size washer & dryer. The property also benefits from having direct frontage to Lake Mahar, offering a lake front amenity package.

LaVida Bedroom LaVdia porch with hammock LaVida kitchen
Justin Felix
Justin Felix
Assistant Portfolio Manager
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