Ponte Verde at Palm Beach Lakes

IPA is pleased to present Ponte Verde at Palm Beach Lakes (“The Property”), a 400-unit rental community in a highly desirable Palm Beach, Florida location. 

This offering combines significant operational upside with strong value-add potential in a market with robust economic fundamentals. The property is strategically located near major employment hubs, with over 169,000 jobs within a five-mile radius. It is also less than a mile from the Tanger Outlets West Palm Beach retail center, which includes popular destinations like Whole Foods and Target, providing residents with a true live-work-play environment. The beautiful Atlantic beaches are just a 15-minute drive away.

Originally built in 1990 as apartments, the property was converted into condos before recently reverting back to a 100% rental community in August 2025 following the termination of the condominium association. This transition presents a unique opportunity for new ownership to streamline property-level operations and implement professional management, leading to improved efficiency and profitability. Furthermore, the property is an ideal candidate for a value-add renovation strategy. The unit interiors and common amenities are ready for updates, offering a clear path to generating significant rental income growth. The asset's two- and three-story buildings and existing amenities provide a solid foundation for additional enhancements.