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79 West (the “Property”) represents an opportunity to invest in a class A, garden-style apartment community, located in Panama City Beach, Florida, part of the Panama City metropolitan statistical area (the “Panama City Metro”), within walking distance to the renowned Panama City Beaches.
The Property is located in Panama City Beach, Florida, part of the Panama City Metro. The Property offers excellent visibility, located near the intersection of Front Beach Road and FL-79 and distinguishes itself in the area as one of the few class A apartment communities with walkability to the Panama City Beaches. The Property’s location provides superb connectivity to all major transportation arteries in the Panama City Metro, including Northwest Florida Beaches International Airport, FL-79, Front Beach Road and US-98 which connects Panama City Beach to the mainland and to the central business district as well as numerous employment centers in Panama City. The Property’s location delivers easy access to the major employers in the area including Tyndall Air Force Base, Gulf Coast Medical Center and Ascension Sacred Heart Bay Medical Center. Additionally, the Property is less than 2.5 miles from Pier Park and Pier Park North, providing more than one million square feet of desired retail and dining options including Old Navy, Red Robin, Starbucks, Bed Bath and Beyond, and Chili’s. The Property also provides its tenants with superb walkability to some of Panama City Beach’s 27 miles of white sand beaches.
BR 79 West, DST (the “Trust”) seeks to provide attractive monthly cash flow distributions and growing property values associated with a strong multifamily market that generated 15% year-over-year average rent growth on new leases during the previous five months.
Year Built
Number of Units
Total Square Feet
Balcony or patio
Breakfast bar*
Bunk room*
Central air and heating
Den or study*
Dishwasher
Kitchen island*
Tile floors
Ocean views*
Walk-in closets
Washer/dryer
Newly built clubhouse
Resort-style swimming pool
State-of-the-art fitness center
Two spa hot tubs
Bark park
Elevators
Guest parking
Ocean views
Gazebo
Walking distance to the beach
* Select units
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