Wood Trail Apartments is a fully entitled, shovel ready multi-family development located in the growing New Port Richey submarket of the Tampa–St. Petersburg–Clearwater MSA. This 90-unit project is strategically positioned within one of Florida’s most dynamic and affordable suburban markets, benefiting from strong population growth, infrastructure investment, and increasing demand for high-quality rental housing. This thoughtfully designed, garden-style community has received all necessary zoning approvals and entitlements, eliminating pre-development risk and allowing for a streamlined path to construction. With architectural plans complete and permits ready to issue, groundbreaking is anticipated in Q3 2025. The property will feature one four-story building with ground-floor parking, an average unit size of 1,125 SF, and a total of 101,244 net rentable square feet. Located within minutes of Clearwater Beach, St. Pete, and Downtown Tampa, the site enjoys proximity to major employment hubs including Tampa General Hospital, MacDill Air Force Base, Bloomin’ Brands headquarters, and the bustling Downtown Tampa business district. The New Port Richey submarket offers an attractive cost advantage compared to surrounding coastal communities, appealing to workforce renters seeking affordability without sacrificing access to jobs, retail, and recreation. Importantly, this investment opportunity offers strong projected returns with an 8% preferred return and a 50/50 backend split targeting a 22–25% IRR. The project is fully entitled, with land acquisition completed and debt funding scheduled for Q3 2025. All major design and engineering work is in place, providing a turnkey opportunity for investors to participate in a high-demand, supply-constrained rental market poised for growth.