1902 Carmalita St, Punta Gorda, FL 33950

EXECUTIVE SUMMARY:

LSI Companies, Inc. is pleased to present Carmalita 55, a true shovel-ready multi-family development site in the heart of Punta Gorda, the epicenter of new growth and opportunity in Southwest Florida.

With zoning, development order, and all necessary permits in place to construct a 13-building, 598-unit project which can commence in short order and deliver much-needed product to an underserved market.

The property is located in Punta Gorda, one of the fastest-growing MSAs in the United States, which has consistently experienced rapid residential and commercial growth over the last decade. This is one of the only multi-family sites with entitlements and permitting completed. With a rapidly expanding employment base catalyzed by activity and new development surrounding the nearby Punta Gorda Airport, Florida Southwestern University, and the newly opened 785 key Sunseeker Resort, demand for rental product is at an all-time high in Charlotte County, with particular interest from renters seeking close proximity to the vibrant historic charm of Downtown Punta Gorda.

The project has been engineered in two development phases, with 230 units / 5 buildings in the first phase and 368 units / 8 buildings in the second. The 13-building design includes 5-story buildings (4 levels over parking) of 46 units each and 12 garages. The units range in size from 780 sq. ft. To 1,573 sq. ft., fitting with submarket demand.

*VIDEO OFFERING MEMORANDUM: Carmalita 55_Video Offering Memorandum

LOCATION HIGHLIGHTS:

• 1± miles to US-41

• 1.8± miles to Florida Southwestern University (FSW)

• 2± miles to Downtown Punta Gorda

• 2± miles Punta Gorda Airport (PGD)

• 2.4± miles to I-75 (Exit 164)