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PCCP forms Joint Venture to Acquire 260-Unit Multifamily Community in Jensen Beach, FL


New York, NY, October 19, 2015 – PCCP, LLC announced today that it has formed a joint venture with Carroll Organization for the acquisition and renovation of Pineapple Cove, a 260-unit Class A apartment community in Jensen Beach, FL.  The venture plans to implement a moderate renovation plan to upgrade unit interiors and make enhancements to community amenities. “Pineapple Cove is the newest project in a high barrier to entry sub-market with strong demographics, low vacancy and no new development planned,” said Kevin Chin, senior vice president with PCCP.  “This is a compelling opportunity to buy an asset with strong cash flow and great upside potential with an operator that has substantial value-add and management expertise in the southeast.” 


10/19/2015 - 22:15



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