Olympus Property Enters Miami Market With Acquisition of Fifteen in the Health District
Source: Olympus Property
Reported By: Matthew Kennedy
A Strategic Move Into Miami’s Core Employment District
Olympus Property, the Fort Worth–based multifamily owner and operator, has made its Miami debut with the acquisition of Fifteen, a newly built 132-unit luxury apartment community in the city’s Health District. Known as one of the largest medical hubs in the United States, the Health District is home to globally recognized healthcare institutions and a steady flow of professionals, researchers, and students—a demographic that fuels consistent rental demand.
The purchase marks Olympus’ first asset in Miami and underscores the firm’s strategy of targeting supply-constrained, high-demand submarkets within major gateway metros. By entering a neighborhood that merges robust employment drivers with continued infrastructure investment, the company is positioning itself for long-term value creation and operational success.
Expanding in Florida’s Most Competitive Markets
“Olympus has been active in Florida for over a decade, steadily growing our presence across the state's most dynamic markets. The acquisition of Fifteen reflects our broader strategy of targeting high-opportunity submarkets within major gateway metros. With South Florida's continued growth and strong rental fundamentals, we see this as an ideal setting to elevate the resident experience while delivering sustainable, long-term results at this asset.”
Alex Badalian, Director of Investments at Olympus Property
Olympus’ move into Miami builds on its existing footprint in Florida, where the firm has leveraged its vertically integrated operating platform to enhance operational efficiency across properties. With a portfolio valued at more than $8.5 billion and spanning over 35,000 units in 17 states, the company continues to target markets with high growth potential and resilient rental demand.
Fifteen: Luxury Living in a Prime Location
Designed for professionals working in and around the Health District, Fifteen offers boutique mid-rise living with elevated finishes and immediate access to top-tier medical and research facilities. Residents are within walking distance of:
University of Miami Health System
Jackson Memorial Hospital
Miami VA Medical Center
The Kenneth C. Griffin Cancer Research Center, a 244,000-square-foot, 12-story facility opening in 2025
Beyond its proximity to world-class healthcare, Fifteen benefits from connectivity to major transit corridors. Direct links to the Dolphin Expressway (SR 836) and I-95 place Downtown Miami, Brickell, Coral Gables, and the Miami River District within minutes, while nearby public transit expands accessibility for residents who prefer car-free commuting.
Transaction Details and Market Outlook
The acquisition was arranged by Walker & Dunlop’s Fort Lauderdale investment sales team, led by Still Hunter and Kaya Suarez. Financing was secured by Craig West and the TeamWest group at Walker & Dunlop.
The Health District’s sustained demand, paired with Miami’s broader trajectory of population growth, global investment, and infrastructure development, creates a favorable environment for institutional-grade multifamily assets like Fifteen. By aligning with these market dynamics, Olympus Property is tapping into both stable occupancy potential and the opportunity to enhance value through its proven management approach.
Positioned for Long-Term Impact
As Miami continues to evolve into a nexus for healthcare, research, and commerce, Olympus Property’s acquisition of Fifteen signals confidence in the city’s economic trajectory. More than an entry into a new market, the move reflects a deliberate choice to invest in an area where employment, lifestyle amenities, and connectivity converge—a formula that has consistently underpinned high-performing multifamily investments.
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