Emerald Palms is a 505-unit garden-style community located in a high-demand residential pocket of South Miami. Developed across multiple phases in 1985, 1988, and 2004, and renovated by Grand Peaks in 2015, the property offers expansive floorplans, mature landscaping, and a well-established neighborhood setting. Recapitalized through a JV partnership in 2021, Emerald Palms presents strong operational stability and long-term upside driven by consistent renter demand, strategic location advantages, and opportunities for continued modernization within a highly supply-constrained submarket.

Logo for Emerald Palms Apartment Homes featuring two stylized palm trees and the text 'Emerald Palms Apartment Homes'.
Stylized map marker icon, triangle shape at the bottom left, a larger oval shape at the top, and a rectangular shape at the bottom right, all in shades of blue and green.

MIAMI, FL

Two buildings with a cloud of smoke or dust at their base and lines indicating motion or impact.

1985, 1988, 2004 VINTAGE/
1993, 2006, 2015 RENOVATIONS

An architectural blueprint with a triangle ruler placed in front of it.

505 UNITS

Gated residential complex with tropical landscaping, palm trees, and a sign that reads "Emerald Palms" under a sunny sky.
Entrance sign for Emerald Palms apartment homes with landscaping and greenery in front of a multi-story residential building, under a blue sky.
Exterior view of a modern apartment complex with white stucco walls, palm trees, a paved walkway, and lush green landscaping under a blue sky.
Modern dining area with a bar-height table and three beige chairs facing a large window. The window reveals a lush outdoor garden with trees and a fountain. The wall behind the window has two framed art pieces of zebra stripes, and three spherical pe
Modern hotel lounge with high ceiling, bar-height table with four chairs, large windows with greenery outside, and framed art of feathers on the wall.
Interior view of a modern coffee service area with a coffee machine, small refrigerator, and decorative wall art, adjacent to an office area with desks and chairs.
Living room with two navy blue leather sofas, a small purple wood coffee table with a bonsai, a patterned rug, a wall-mounted TV, and decorative vases, with a ceiling skylight letting in natural light.
Inside a parcel locker area with a row of blue lockers on the left, a white door at the back, and large windows on the right letting in natural light.
A modern gym with cardio equipment including treadmills, ellipticals, and weight machines, with artwork of athletic figures on the walls.
Children's playground with slides and climbing wall, surrounded by trees and parked cars on a sunny day.
A large swimming pool with a smaller pool attached, surrounded by lounge chairs and lush tropical trees and plants, in a sunny outdoor setting with blue sky and white clouds.
Kitchen with white cabinets, a granite countertop, stainless steel microwave, dishwasher, and oven, and decorative jars labeled 'Treats,' 'Coffee,' and 'Tea' on the counter.
A modern kitchen with white cabinets, a granite countertop, stainless steel appliances, including a microwave, oven, dishwasher, and refrigerator. There is a small sink with a silver faucet, and on the counter are containers labeled 'Tea', 'Coffee',
View of a modern kitchen with white cabinets, granite countertops, stainless steel appliances, and a dining area with a round table set for four, decorated with a yellow floral centerpiece. Talavera jars labeled 'Treats,' 'Coffee,' and 'Tea' are on t
Living and dining area in a modern home with beige walls, wood flooring, a round dining table with four gray chairs, a gray sofa, artwork on the walls, and a sliding glass door with striped curtains leading outside.
Living room with a beige sofa, wooden coffee table, gray area rug, and sliding glass door with white and gray striped curtains, showing outdoor patio with green trees and parked cars.
Living room with beige sofa, yellow and striped pillows, wooden coffee table, art on walls, and a dining area with gray chairs and a decorative ladder with signs.
Living room with beige sofa, yellow and striped cushions, wooden coffee table with decorative items, wall art, floor lamp, dining area with round table and six gray chairs, kitchen in background, hardwood floor, and neutral walls.
A bedroom with a large bed, beige headboard, white bedding, and several blue patterned pillows. There are two bedside tables with lamps, a rug on the wooden floor, a window with gray curtains, and a teal armchair with a blanket.
A bedroom with a bed, side table, lamp, and closet.
Bathroom with a white vanity, granite countertop, large mirror, wall-mounted light fixture, two small mirrors, towels hanging on a towel bar, a small potted plant, decorative jars, and a blue bath mat.
View of a cozy enclosed patio with a wooden bench with colorful pillows, two potted plants, and a sliding glass door leading into a living room with a beige sofa and yellow pillow, with trees visible outside the screened enclosure.