THE MID – Targa | Real Estate Fund

THE MIDBrent Campbell2023-07-31T16:56:52+00:00

THE MID

A significant highlight for Targa in 2021 was the purchase of The MID, a multi-family development comprising of 230 residential units and 10 retail units located in Lake Worth Beach, Florida. The transaction was completed on November 19th, 2021 and represents the first acquisition of a fully stabilized asset within Targa’s investment portfolio.

THE MID AT A GLANCE

Project Financing

$44.45M Total
$16M Equity

Development Team

Affiliated Development

MOSS Construction

GliddenSpina + Partners Architecture and Design

Project Completion Date

July 2021

Location

1601 N Dixie Hwy, Lake Worth, FL

Project Highlights

Mixed-use site with 230 residential

rental units, 10 retail storefronts

and Class A amenities

Area features

Walking distance to downtown Lake Worth which offers various restaurants and shopping options.

2 miles to the West Palm Beach Golf Course and

1 mile to the beach.

MID_88 sm_cover

DISCLAIMER

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES. THE PROJECTIONS CONTAINED IN THIS DOCUMENT CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE PROJECTIONS MAY NOT REFLECT ACTUAL PERFORMANCE.
THE PROJECTIONS SET FORTH HEREIN, FINANCIAL OR OTHERWISE, SOLELY REFLECT THE MANAGER’S JUDGMENT AND EXPECTATIONS AND ARE SUBJECT TO A NUMBER OF RISKS AND UNCERTAINTIES INCLUDING THOSE SET FORTH IN THE PRIVATE PLACEMENT MEMORANDUM OF TARGA 1, LLC DATED SEPTEMBER 2020, MANY OF WHICH COULD CAUSE THE ACTUAL FINANCIAL RESULTS TO BE MATERIALLY LESS THAN THE AMOUNT PROJECTED. TARGA 1, LLC MAKES NO GUARANTY OR PROMISE OF PERFORMANCE, AND ALL RISKS OR UNCERTAINTIES ARE EXPRESSLY ACKNOWLEDGED AND ASSUMED BY ANY INVESTOR.