The Opportunity

IPA is pleased to present Urban Blu (the “Property”), a 2022-vintage, 312-unit asset situated in Panama City Beach, a dynamic market located in North Florida’s panhandle region, just minutes from the gulf beaches and proximate to key white-collar employment centers.

Key Investment Highlights

New Luxury Garden Asset In Panama City Beach

81 Detached Garages

Situated on ±17.2 Acres

Outstanding Panama City Beach Locale Just 2 Miles from the Gulf

Accessible Location Along Highway 98 with Permitted Left Turn Lane

A Growing, Highly Accessible Location

#2 Fastest Growing Metro in the U.S. (2023-2024)
±74K Passing Vehicles Per Day

21,865 Jobs within 5-Mile Radius

Robust Multifamily Fundamentals

Avg. HHI at Urban Blu is 5.4x Higher than the Avg. Area Market Rent

70% of Population within 3-mi. Radius are College Educated

The Property has Averaged 16 Leases per Month Over the Past Quarter

Location Map

IPA Team

Erik Bjornson

Erik Bjornson

Senior Managing Director
License #: SL3196898
O: +1 (904) 672-1429
C: +1 (904) 699-7582
Tyler Nilsson

Tyler Nilsson

Senior Managing Director
License #: SL3299428
O: +1 (904) 672-1427
C: +1 (904) 477-8929
Shelton Granade

Shelton Granade

Executive Managing Director
License #: SL3042246
O: +1 (407) 557-3870
C: +1 (407) 616-2187
Luke Wickham

Luke Wickham

Senior Managing Director
License #: SL3170987
O: +1 (407) 557-3871
C: +1 (407) 460-4603
Justin Basquill

Justin Basquill

Managing Director
License #: SL3028792
O: +1 (407) 557-3872
C: +1 (407) 754-8014
Sean Williams

Sean Williams

Managing Director
License #: SL3054109
O: +1 (813) 387-4734
C: +1 (813) 453-3877
Brian Eisendrath

Brian Eisendrath

Executive Managing Director (Financing)
(310) 428-2571
Cameron Chalfant

Cameron Chalfant

Senior Managing Director
(Financing)
(323) 578-2738
Jake Vitta

Jake Vitta

Managing Director
(Financing)
(818) 569-9008
Tyler Johnson

Tyler Johnson

Managing Director
(Financing)
(818) 389-4644
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