The Islands of Islamorada

PROPERTY CHARACTERISTICS

• Luxury resort comprised of 22 villas and 8 hotel suites located in Islamorada, Florida
• Offers amenities such as a private swimming beach, two oceanfront swimming pools, a private marina for guest use, two pickleball courts, two playgrounds, various watersports, a beachfront bar and a state-of-the art fitness center

INVESTMENT OPPORTUNITY

• Intent is to re-launch sales and marketing efforts for the property's waterfront villas, while still operating a rental management program
• Each villa comes fully furnished, spans 4,067 total square feet and features four bedrooms, four full bathrooms, three-story layouts with covered waterfront loggias primed for outdoor entertaining, two-car garages with EV charging capabilities, premium finishes and appliances, integrated smart-home technology, and concrete block construction built to current hurricane code standards.
• Opportunity for significant NOI growth through institutional grade management of the hotel in one of the strongest submarkets within one of the strongest markets in the country

EXECUTION

• Mast partnered with Koch Real Estate Investments to purchase the asset
• Ardent Real Estate provided a $40 million financing package intended to cover acquisition and select capital projects in the property
  The acquisition further expands Mast Capital's growing hospitality portfolio across Florida as it continues to invest in premier leisure and lifestyle destinations

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