5th Avenue at Delray Beach

With a coveted location just a few blocks from Atlantic Avenue in Palm Beach County, REID purchased this foreclosed property after two years of negotiations. REID handled market research, negotiated purchase terms, performed due diligence, and managed the closing. We also managed the remaining construction, which had stalled at 95% complete. The residential units were fully rented within six months of opening and have continued to maintain full occupancy. REID provided leasing and property management.