The Eastern Shore portfolio consists of three properties located in the MSA of Daphne-Fairhope-Foley, the 12th fastest growing metropolitan area in the United States. The portfolio enjoys excellent locations within three affluent submarkets.
Park Place, a 144-unit community is located in Foley, Alabama nine miles north of Gulf Shores. Baldwin County’s median household income is 18% higher than the state of Alabama and enjoys one of the most highly regarded K-12 school systems in the state.
The portfolio is proximate to both Mobile, Alabama and Pensacola, Florida with a combined population of over 1.1 million people. Park Place was acquired in ApexOne Growth and Income Fund I and will be held for long term growth and appreciation.