Alpaca and Phoenix Realty Acquired Bay Pointe
The 269-unit multifamily property in South Kendall was purchased by a joint venture and will now be managed by Willow Bridge.
Updated on Sept. 28, 2026 in Commercial
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Renters at the seven-story Bay Pointe community in South Kendall will see a change in operations as a joint venture between Alpaca Real Estate and Phoenix Realty Group finalized its acquisition of the 2024 building. Willow Bridge has stepped in to handle property management for the complex.
Why it matters
The acquisition underscores the continued demand for middle-income housing in the South Kendall corridor near Palmetto Bay. The new owners plan to stabilize the 95%-leased asset to enhance its performance in a high-growth market.
The seven-story Bay Pointe community reaches 95% occupancy across its 269 total units. While the firms confirmed the acquisition to improve operations, the final sale price remains undisclosed.
The players
Alpaca Real Estate
An investment firm that partnered with Phoenix Realty Group to purchase the Bay Pointe property.
Phoenix Realty Group
A real estate firm that formed a joint venture to acquire and stabilize the South Kendall community.
Willow Bridge
The property management firm currently overseeing operations at Bay Pointe.
The details
The partnership between Alpaca Real Estate and Phoenix Realty Group aims to stabilize the property following the purchase. Willow Bridge is now responsible for the day-to-day management of the building, which was completed in 2024. Residents can expect ongoing operational updates as the new owners begin their management plan.
Timeline
The property was built in 2024.
The acquisition was announced on September 28, 2026.
Beyond the 305
This deal follows the established trend of investors targeting yield-heavy multifamily assets in developing suburban corridors like South Kendall. It mirrors recent institutional interest in middle-income housing demand across the county.
Residents of the 269-unit complex will notice the transition to Willow Bridge as the new property manager effective immediately. Daily life and leasing terms will continue under the firm's stabilization plan for the building.
The takeaway
The transition to new management under Willow Bridge is the primary change for current tenants at Bay Pointe. Watch for future operational shifts as the ownership joint venture begins their asset stabilization plan.
Further reading
For more on shifting local ownership trends, see Commercial.
Source note: This article includes information reported by MultifamilyBiz.
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