The CONAM Group Acquires 247-Unit Rockledge Flats Luxury Apartment Community in Florida’s Thriving Space Coast Market
ROCKLEDGE, FL – CONAM Multifamily Partners Fund III, a discretionary fund sponsored by The CONAM Group, announced the purchase of Rockledge Flats, a Class A, 247-unit multi-family apartment community near Florida’s Space Coast in Rockledge, Florida.
Completed in late 2021, the 10-acre luxury apartment community consists primarily of two four-story elevator-served structures housing 247 units. A standalone, single-story building serves as the leasing office and amenity clubhouse and features a 24-hour fitness center, resident lounge with billiards table, and conference room.
Positioned north of the indoor amenity structure and between the two four-story residential structures is an outdoor kitchen with two gas grills and an oversized zero-entry pool with pergolas, lounge seating, and a poolside firepit. The best-in-class apartment interiors boast 10’ ceilings, abundant natural light, stainless steel appliances, quartz counters, ample storage and closet space, and full-size washers and dryers.
Residents at Rockledge Flats have an easy commute to the robust job centers of the Space Coast, and an influx of local businesses attracted to Rockledge’s “main street” initiative has contributed to a thriving local community centered almost directly in front of the property. In further benefit to Rockledge Flats residents, the broader region has seen surging employment in technology industries, specifically the high-wage scientific research and development sector, which has grown over 75% in the past five years. Residents also benefit from the newly constructed Publix-anchored retail center located a short distance from the property, plus the abundance of desirable amenities in the master-planned Viera community quickly accessible via US HWY 1.
SOURCE THE CONAM GROUP