El Portal Residence 

Village of El Portal, Florida

Property Summary

In 2013 Project Land got the opportunity to buy a single family property for complete rebuilding in Village of El Portal, Florida, just a short minute drive from downtown Miami.

On a strategic level, this investment fits within Project Land’s creation of housing in cities with a supply shortage thesis. Miami is expected to continue to grow faster than the national average, increasing demand for new housing. Population growth in this area is attributable to the area’s proximity to Downtown Miami, as well as job growth in the financing industry.

Business plan

Project Land plans to hold and manage El Portal Residence for roughly seven to ten years before seeking opportunities for an exit. The goal is to earn consistent cash flow from rent payments, with the potential for long-term upside by selling the property for more than invested.