CURRENT PROJECTS

Apollo Beach

GSF 90,300 . NRSF 68,600. Units 715

Homestead – SW 328th

GSF 135,200 . NRSF 103,000 . Units 1,063

Current Projects

Current Projects – Apollo Beach

Project Name

RBS Apollo Beach

Location

6578 N US Hwy 41

City, State

Apollo Beach, FL

Status

Under Construction

Type

Ground-Up Development

GSF

90,300

NRSF

68,600

Units

715

Land Acquisition Date

Jun 2023

Land Acquisition

$ 2.1 MM

Total Est Cost

$ 12.063 MM

Loan

$ 8.328 MM

Equity

$ 3.734 MM

Est Stabilized NOI

$ 1.22 MM

Est Yield on Cost

10.15%

Est. Completion

2Q 2026

Current Projects – Homestead – SW 328th

Project Name

RBS Homestead

Location

SW 328th St & SE 8th St

City, State

Homestead, FL

Status

Permitting

Type

Ground-Up Development

GSF

135,200

NRSF

103,000

Units

1,063

Land Acquisition Date

Sep 2024

Land Acquisition

$ 3.4 MM

Total Est Cost

$ 20.2 MM

Loan

$ 14.2 MM

Equity

$ 6.1 MM

Est Stabilized NOI

$ 1.967 MM

Est Yield on Cost

9.7%

Est. Completion

4Q 2026