Alpaca and Phoenix Purchased Bay Pointe Multifamily
The joint venture acquired the 269-unit Miami community to capture yields from the middle-income rental market.
Updated on Sept. 28, 2026 in Commercial
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Alpaca Real Estate and Phoenix Realty Group have acquired the Bay Pointe multifamily property in Miami. The newly built seven-story building is currently 95% leased.
Why it matters
The acquisition allows the partners to capitalize on high demand for middle-income housing in South Kendall. The firms expect the property to provide outsized yield due to favorable market fundamentals.
Bay Pointe is a seven-story multifamily development constructed in 2024. The property maintains a high occupancy rate of 95%.
The players
Alpaca Real Estate
This investment firm manages real estate assets focused on delivering long-term value.
Phoenix Realty Group
This real estate investment organization specializes in the development and management of residential properties.
Willow Bridge
This company provides professional management services for multifamily residential communities.
The details
The joint venture partners plan to implement a stabilization strategy to optimize operations at the property. Willow Bridge has been selected to manage the community located near Palmetto Bay.
Timeline
The property was constructed in 2024.
The acquisition was officially announced on September 28, 2026.
Culture Shift
The acquisition reflects a broader move by institutional investors to prioritize Sun Belt housing assets as urban populations expand. This strategy highlights a shift toward securing stable cash flow from modern, high-density residential properties.
Current residents of the Bay Pointe community will see a shift in property oversight as Willow Bridge assumes management duties. The change is intended to streamline operations for the long-term benefit of the building's 269 units.
The takeaway
This acquisition underscores the continued attractiveness of newly built, high-occupancy assets in the Miami submarket. Investors should monitor how professional management transitions influence the performance of similar middle-income residential developments.
Further reading
For additional updates on property developments in the region, explore Commercial listings.
Source note: This article includes information reported by MultifamilyBiz.
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