DESTIN, FL – Olympus Property announces the successful acquisition of Vintage Destin, a class A garden-style apartment building in Destin, Florida. With immediate effect, the asset will be renamed Olympus Emerald Coast.
Located just north of US Highway 98, the Olympus Emerald Coast provides convenient regional access to the market's top employment drivers, but is also less than a mile from Destin's award-winning white-sand beaches. Built in 2020, the 282-unit community features a resort-style pool with private cabanas, fitness center, animal park and spa, bike sharing program, and a leafy rooftop terrace with ocean views. Interiors include stainless steel appliances, wood-inspired floors, quartz countertops, kitchen islands, and frameless shower doors.
"Olympus Emerald Coast is a prime asset in a market with exceptional rental growth coupled with a minimal supply pipeline. The expansion into a new market makes this acquisition special for us too." said Travis Bertetto, Olympus Acquisitions Manager.
Destin is the capital of Fort Walton Beach-Crestview-Destin, Florida's Metropolitan Statistical Area, home to nearly 250,000 residents. Originally a small fishing village on a peninsula separating the Gulf of Mexico from Choctawhatchee Bay, the city calls itself "the happiest fishing village in the world" and claims to have the largest fishing fleet in the state of Florida.
Destin has grown into a major tourist destination, attracting over 80% of the Costa Smeralda's 4.5 million annual visitors. Located on the Emerald Coast of Florida, Destin is known for its stunning white sand beaches and emerald green waters. Aside from tourism, aviation, aerospace, defense, and national security are the top industries in Destin.
Established in 1992, Olympus Property owns and manages some of the most desirable apartment buildings in the United States. Olympus Property is headquartered in Fort Worth, Texas. In its 29 year history, the company has grown into a successful and recognized name in the multi-family industry, owning and operating approximately 18,000 units in ten states. Olympus Emerald Coast is the third property in Olympus Property's eleventh fund, Olympus Property XI, LLC.
