Nova 1400

IPA is pleased to present Nova 1400 (“The Property”), a rare 275-unit single-story rental asset on nearly 45 acres in the heart of Daytona Beach, one of Central Florida's most dynamic and high-growth regions.  Nova 1400 boasts durable concrete block "cottage-style" construction with with extraordinarily desirable density of just 6.1 units/acre. The design and layout are a significant competitive advantage, as rising construction and land costs make duplicating such a footprint nearly impossible. This product stands out for its uniqueness and scale, offering similar design and layout qualities found in the modern built-to-rent (BTR) communities that are increasingly common in today’s new construction market, providing renters with more privacy and suburban comfort. With recently refreshed interiors and a “lifestyle-first” amenity package that includes a swimming pool, disc golf course, impressive fitness studio, pet park, and lakeside hammocks, the Property is perfectly positioned to command high occupancy and increased rents as the market continues to grow.