Multifamily · Residential
Atlantica at Dania Beach
Dania Beach · Broward County, FL
In September 2026, MV acquired Atlantica at Dania Beach, a newly built garden-style multifamily community, through a complex special situation that kept traditional buyers on the sidelines — and created an entry basis well below the cost to build the asset today.
Delivered in 2024, Atlantica comprises 118 apartment units across six three-story garden buildings, with a resort-style pool, clubhouse, fitness center, dog park, and gated access. The community came to us through a distressed, off-market situation whose structural complexity narrowed the buyer pool — allowing us to create a high quality, new-build asset at a steep discount to replacement cost.
The business plan is straightforward: operate the community efficiently under vertically integrated management, bring the expense load in line with a stabilized asset, and pursue property-tax efficiency, including Florida’s Live Local Act, which supports attainable rental housing. In-place rents already sit below the levels the surrounding submarket commands, providing a margin of safety in the underwriting.
Consistent with our approach, we entered with the full arc mapped — a range of paths to create and realize value over a long-term hold, none of which is required for the investment to succeed.
A brand-new, fully amenitized community acquired well below the cost to build it today, through a complex situation that limited competition — a classic good-asset, distressed-price entry.
Right-sizing the operating model under vertically integrated management brings expenses in line with a stabilized asset and lifts net operating income.
Florida’s Live Local Act supports property-tax efficiency for newly built communities serving attainable rents — a durable, policy-backed tailwind for workforce housing.
Minutes from Fort Lauderdale–Hollywood International Airport, Port Everglades, and the Dania Pointe retail district, in a submarket with limited near-term new supply.
A margin of safety at entry, hands-on execution, and a range of exits mapped before we committed capital.
Detailed deal-level information is available to qualified investors. Request materials →