Steelblock

What we do best

We provide complete
real estate services.

We purchase, upgrade and manage

You can enjoy the returns of your investments.

Steelblock represents long-term value and durable investments that can withstand the market fluctuations.

We purchase

We use a value-added approach to generate strong risk-adjusted
returns by renovating and repositioning already existing properties. We
focus on acquiring Class B/C properties at discounted prices, providing
us with a competitive advantage.

Our aim is to transform these underperforming properties into modern,
secure apartments appealing to younger tenants, boosting cash flow
and long-term value for our investors.

We upgrade

Our improvements address maintenance, security, curb appeal,
landscaping and facade upgrades, efficiency, cost reduction, and
revenue growth.

We’re not just enhancing properties; we’re helping communities grow
and making lives better.

We manage

Our team closely supervises and manages each property, ensuring
timely maintenance, tenant satisfaction, and maximizing the property’s
value and profitability.

We also focus on tenant quality, carefully selecting tenants who align
with our values and community standards, and addressing any
concerns to maintain a positive living environment.

We enjoy

By focusing on existing properties, we aim to offer our investors
returns like those sought by new apartment developers, but with
significantly lower risk and greater downside protection.

Our value-added process usually takes 3-5 years to complete. We
then harvest the increased returns through refinancing or sale.

Our target
Market

The workforce housing market in Florida has been experiencing significant demand in recent years, driven by a growing population, a strong economy, and an influx of both new residents and workers in various industries. As housing prices continue to rise, especially in major cities like Miami, Orlando, Jacksonville and Tampa, there is an increasing need for affordable housing options for middle-income workers, such as teachers, healthcare professionals, and first responders.

In response, many developers like Steelblock are focusing on workforce housing projects, seeing the potential for long-term stability and strong returns.

 

In short, investing in workforce housing in Florida combines
strong financial potential with the opportunity to make a
positive social impact in a rapidly growing market.

Our Reasons
to invest in WFH

Low-income housing is often in high demand, particularly in urban centers
like Miami, Orlando, Tampa and Jacksonville. Many essential workers,
including teachers, healthcare professionals, and service industry
employees, struggle to find reasonably priced housing. This creates a
stable, ongoing need for workforce housing.

Florida’s economy is diverse and continues to expand, attracting both new
residents and businesses. Workforce housing helps meet the needs of
those who contribute to the state’s economic growth but often can’t afford
market-rate properties.

Workforce housing is often viewed as a more stable investment compared
to higher-end luxury properties, especially in uncertain economic times.
This stability, coupled with consistent demand, can offer long-term, reliable
returns. Additionally, there’s often less risk of high vacancy rates since the
need for affordable housing remains steady.

Florida has implemented various policies to encourage the development of
affordable housing, including incentives, tax credits, and relaxed zoning
regulations in some areas.