Cardone Capital Acquires 294-Unit Apartment Complex in Naples, Florida

Cardone Capital Acquires 294-Unit Apartment Complex in Naples, Florida
The deal on 10X Living at Addison Place officially closed on February 20th, 2020.

Aventura, FL – Real estate investment firm Cardone Capital is pleased to announce the acquisition of 10X Living at Addison Place, located in Naples, Florida. Built in 2019 and consisting of 294 units, this multi-family acquisition will bring Cardone’s portfolio to a total of 25 properties, 7,722 units, and $1.7 billion AUM.

“We’re excited to be able to add 10X Living at Addison Place to our investment portfolio,” says founder and CEO Grant Cardone. “This is an ideal investment property because it’s located in an extremely desirable area with forecasted high growth.”  

Cardone points out that Naples, Florida, is one of the fastest growing metro areas in the United States. In the last five years, the number of people living in the area climbed by 11.6%, more than triple the 3.5% national population growth over the same period. 1,000 people per day are migrating to Florida.

As with Cardone’s other properties, 10X Living at Addison Place offers exceptional amenities and is an A Class property. Situated in an elite area of Naples, Collier County, Florida, it was created to appeal to the most affluent of Naples’s rental clientele.  Zoned for all “A” rated public schools, the property offers residents a luxurious lifestyle rivaling that of the submarket’s high-end condominiums. 

“It’s an exquisite property,” adds Cardone. “With top-of-the-line finishes and superior community features which include a heated pool and on-site business center, we have made a strategic acquisition with the purchase of Addison Place.”

Cardone has been buying real estate across the United States for over thirty years, and is making history combining his social media following with the best real estate deals in the United States. Last fall Cardone Capital made history by raising $50 million in crowdfunding for real estate using social media, the largest Regulation A+ crowdfunding ever accomplished in ten months. 

“You don’t have to be an accredited investor to take advantage of this opportunity,” adds Cardone. “If you’re an ordinary investor wanting to see your money actually work for you, here’s a golden opportunity.  You’ll start to see returns on your investment within 60 to 90 days.”

If you have cash or an IRA and want it backed by real assets, call or text (305) 407-0276. You can also visit CardoneCapital.com.

About Grant Cardone

CEO of Cardone Capital, international speaker, entrepreneur, author of The 10X Rule and creator of 21 best-selling business programs, Grant Cardone owns and operates seven privately held companies and a $1.7 billion portfolio of multifamily properties. Named the #1 marketer to watch by Forbes Magazine, Cardone is also the founder of the The 10X Movement and The 10 Growth Conference, the world’s largest business and entrepreneur conference. 

About Cardone Capital

Cardone Capital locates, negotiates, buys, and manages cash flow multi-family properties then creates investment vehicles for non-accredited investors via Regulation A offerings and Regulation D offerings for accredited investors.  

Cardone Capital’s portfolio currently consists of 25 properties, 7,722 units, and $1.7 Billion AUM, with plans to expand 10x over the next five years.

To find out more, visit the website at https://cardonecapital.com/

Our offerings under Rule 506(c) are for accredited investors only.⁠ ⁠

FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV.⁠ ⁠

For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, when filed, may be found at sec.gov or on our website at cardonecapital.com/offering-1

Media Contact
Company Name: Cardone Capital
Contact Person: Ryan Tseko
Email: Send Email
Phone: +1-833-822-7435
Country: United States
Website: https://cardonecapital.com/