PR Newswire

NAPLES, Fla.May 22, 2024 /PRNewswire/ — JBM® Institutional Multifamily Advisors has the exclusive to assist TDK Construction and Rail Gauge Partners in raising equity for Vintage Naples. Both partners will act as co-GP’s in the project. The project has a compelling 7.02% ROC (untrended) with total development costs of just under $130MM or $324K/unit. The equity request is for up to $59.6MM and deal terms can be negotiated.



Vintage Naples will be a Class A+, four-story, 400-unit, high-quality concrete block construction trophy asset. The unit mix will have one, two, and three-bedrooms with a zoning requirement that 10% of the units meet affordable housing requirements. Corridor attached garages, guest suites, and storage units will be available to rent. Amenities include a resort-style pool, two-story state-of-the-art fitness center, indoor pickleball court, 22 private offices (for lease), and much more.


Vintage Naples will sit on 31.36 acres of shovel-ready land in a premier location in the direct path of growth with crossroads of Immokalee Road and Orange Tree Boulevard. As part of a larger PUD, Vintage will have fantastic walkability to brand new retail and restaurants as well as fully signalized access from a high traffic count road. Notable tenants include Aldi, Chase, 7-Eleven, a proposed NCH location, McDonald’s, a self-storage facility, and a number of in-line dining and retail options. Publix, CVS, and Dunkin’ Donuts are also located right across the street. Within 5 miles of the Property, the average net worth is $1.38MM and the average household income is $124K.

About JBM®

JBM® holds a 70%+ market share across Southwest Florida and is the #1 ranked boutique brokerage firm in the U.S.A. despite only transacting in Florida. Green Street’s 2023 national multifamily broker rankings ranks JBM® as the #1 highest average sold price per transaction throughout the entire U.S.A. and #1 highest average sales price per unit throughout Florida ($320K/unit). JBM® has a lifetime transactions volume over $19.4 billion and 168,000 units.

JBM® has $19.4+ Billion in transaction multifamily sales throughout Florida.

About JBM®

Jamie May and his team at JBM® Institutional Multifamily Advisors focus exclusively on multifamily asset disposition services, equity placement, capitalization, and recapitalization of new merchant developments, value-add properties, and existing opportunities of large apartment type portfolios and singular assets for domestic and foreign institutional, private national, and regional clientele.

In the trailing 60-month period, JBM® has achieved over 102% average strike vs. sold pricing for all listings.

JBM® has $19.4+ Billion in transaction multifamily sales in the state of Florida.