Juniper Pointe

Juniper Point is a 47-unit townhome community in Naples, Florida. Westlight executed a forward purchase from Toll Brothers at a 25%+ discount to comparable new construction townhomes in Naples. The forward purchase contract carried no construction risk, with only lease-up required to produce opportunistic returns. The property is currently completed, delivered, and fully leased. Westlight is now focused on operational efficiency, setting the stage to sell the asset during an opportune market window.