Pelican Lake Condominium Houses Begins Leasing for Now-Open Section II, Launches Resident Money Again Rewards Program

Residents can earn lots of of {dollars} in money again just by paying their lease on time

Clearwater, Fla. (October 10, 2023) – Vidalta Property Administration, an affiliate of multifamily actual property funding agency Eagle Property Capital (EPC) proclaims the opening of section II and has begun leasing of Pelican Lake Condominium Houses, a brand new residence group in Clearwater, Fla.
As Tampa Bay stays one of the crucial aggressive rental markets in Florida, the corporate is now providing a singular incentive program, awarding leaseholders more money after they pay their lease on time (inside the first three days of the month).

Residents obtain a debit card the place they earn as much as 7% in money again rewards that can be utilized in direction of paying future rental funds or buying different objects. As soon as a leaseholder pays their lease on time, a 7% credit score from that lease whole will probably be added to their debit card to make the most of as they see match. The inducement stays in impact during a resident’s lease.

“We’re excited to be opening the second section of this group after such a profitable lease-up of the preliminary section,” mentioned Vidalta’s SVP of Operations and Asset Administration, Humberto Cubillos-Uejbe. “We’re very comfortable to have the ability to present much-needed residence houses for lease to assist cut back shortages and assist the excessive demand for housing in Pinellas County, all whereas providing a monetary incentive to our residents with the modern money again reward program to advertise wholesome tenant habits and create loyalty with the residents that select to reside in our group. This can be a win/win for all.”

Pelican Lake Residences is the results of the transformation of the previous TownePlace Suites by Marriott St. Petersburg Clearwater, which EPC acquired final yr in April, together with the adjoining Residence Inn by Marriott.

EPC made a multi-million greenback funding in renovating all aspects of the property, in addition to enhancing the general facilities. The ultimate renovation section will embody a state-of-the-art health heart, an out of doors health club, and a canine park. As well as, the group options 4,200 sq. ft of retail house out there for lease for a grocery or neighborhood comfort market. The corporate is actively on the lookout for a accomplice for the comfort retailer or small submarket.

Positioned at 13200 forty ninth Road N, Clearwater, the 2 properties mixed provide a mixture of studio, one- and two-bedroom residences starting from 500 to 850 sq. ft, with rents beginning at $1,336/month, together with a bunch of high-quality facilities in a sanctuary-like setting. The assorted floorplans provide spacious residing areas, chrome steel home equipment, granite or quartz counter tops, and beneficiant space for storing. The group is positioned inside 1.5 miles from St. Petersburg/Clearwater Worldwide Airport, and 25 minutes from each downtown Tampa and downtown Clearwater.

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