The Jade Winter Haven · adaptive reuseWe acquire underutilized buildings in supply-constrained coastal markets and convert them into Class A apartment homes.
We acquire underutilized buildings in supply-constrained coastal markets and convert them into Class A apartment homes.
Every discipline under one roof
The practice began with The Hutton Group and runs today through the Jade communities, with the same family-run team at every step.
The work
Why us
One team sources, underwrites, converts, and manages every building.
We target a meaningful discount to the cost of building new, or we pass.
Coastal markets where demand has outrun construction for a decade.
Sourcing, pricing, and underwriting sharpen with every completed community.
Evidence 01
One team sources, underwrites, converts, and manages every building.
Evidence 02
We target a meaningful discount to the cost of building new, or we pass.
Evidence 03
Coastal markets where demand has outrun construction for a decade.
Evidence 04
Sourcing, pricing, and underwriting sharpen with every completed community.
Proof
A dated roadside hotel, now a stabilized community. Drag the line.
Current offering
An existing hotel planned as a new apartment community, minutes from Kennedy Space Center. Single-asset SPV for verified accredited investors. Rendering shown; final design may change.
Available to verified accredited investors only, pursuant to Rule 506(c). Any offer is made solely through the PPM. Projections, where shown, are targets only and are not guaranteed.
The thesis
Housing demand there has outrun ground-up development for a decade.
Well-located hotels become Class A apartments at a lower basis, faster.
The completed conversion is managed in-house and continuing lease-up.
In their words
Conversion clients
“They are true experts in their field. No one else would have been able to manage the difficulties we faced.”
“They really did save our community. After seeing the work they put into our conversion, residents told me the fee was well worth it.”
“The complexity of our deal was unparalleled. They performed an absolutely excellent job.”
About STILL
STILL brings The Hutton Group’s conversion practice and the Jade communities under one roof, with offices in San Mateo, New York, and Winter Haven. What we convert, we manage ourselves.
Jack Boyajian
Chief Executive Officer
Armand Boyajian
Managing Partner
David Boyajian
Managing Partner
Drew De Risi
Head of Capital Markets
