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Siesta Lakes, a 412-unit Class-A rental community in Cape Coral, Florida has officially broken ground. Shoreham Capital, along with partners Bridge Investment Group and Wynkoop Financial, secured a $66 million construction loan for the project which is estimated to cost $120 million. The property spans 26 acres and is located in an Opportunity Zone in the heart of Cape Coral.

The future community will feature private balconies with views of the private lagoon for each residence. Curran Young Construction has been selected as the general contractor and completion is expected by Q2 of 2025.

Shoreham specializes in value-add opportunities as well as ground-up rental developments across Sun Belt and East Coast regions of the United States.