Sponsorship team

Impex Capital Group along with our partners are pursuing an off-market, $8.5 million investment in The Vue, a 135-unit beach front condominium project to be built in Satellite Beach, FL. The current owner DFI Construction (“DFI”) purchased the land 5+ years ago (June 2017) and completed the entitlements/infrastructure yielding a shovel ready project. The vast majority of buildings along the Satellite Beach Coastline are older, dated properties in need of renovation or some element of repair. There is a need for newer, more modern construction along the coastline. Strata in conjunction with DFI are currently in the process of building a 10-unit condo project in Satellite Beach, on the coastline with beach front access. The Vue is located in the Coastal Brevard Submarket per Co-Star, within the Melbourne FL Market. The Melbourne area is a world-renowned aerospace hub, and those employed in related high-tech, high wage jobs will continue to create demand for residential units including luxury condo, single family and multifamily moving forward as both public and private investment in the US Space Program grows exponentially. Strong economic growth and a drastically improving public health situation helped boost multifamily fundamentals over the first three quarters of 2021 in the Melbourne, FL market area. In fact, multifamily demand has grown at a significantly faster pace during the last two years in the market than at any point in the previous decade.