Residential & Other Holdings
Tampa Community Partners
In late 2012, Kennedy Investments partnered with a group of local and foreign investors to form Tampa Community Partners, LLLP, with the goal of assembling and operating a portfolio of comfortable, affordable single family rental homes in the Tampa Bay area.
Tampa Community Partners is a private fund which targets special acquisitions in established, homeowner-dominated neighborhoods that have been temporarily affected by the foreclosure crisis, investing in the local community while returning attractive, liveable homes to the market.
The Tampa Community Partners portfolio is professionally managed and the properties are renovated to a high standard, providing an attractive alternative to home ownership for many families in the bay area. For information about available or upcoming homes, please see our homes for rent in Tampa or contact Darren Wilson.
*The TCP portfolio was acquired by Heights Historic Homes, LLC in 2016, achieving a deal IRR in excess of 20%.
Cascades at Southern Hills
Cascades at Southern Hills is an over-55 community located in Brooksville, FL. Cascades is located next to the prestigious Southern Hills Country Club and residents have the option of joining the golf and country club. Kennedy Investments and a small group of investors purchased out of bankruptcy the failed housing community that was originally developed by Levitt & Sons in 2009.
The purchase included 14 model homes and 7 spec homes along with approximately 150 developed lots and 500 undeveloped lots in Phases 2, 3, and 4. All homes have been sold and additional lots are being developed by Lennar Homes. Currently Oak Crest Homes is developing new homes, and additional lots are being marketed to independent developers.
*Kennedy Investments’ investors successfully exited its investment in this community in 2014, achieving a significant return.