Cardone Equity Fund II is a single asset fund. Located in Ormond Beach, Florida, and conveniently positioned near I-95, Reserve at Ormond Beach is a 272-unit garden-style apartment complex which has consistently maintained high occupancy and increasing rent levels. The capital raise for this asset was incredibly successful. We raised more than $8.3 million in less than six weeks and there were far more investors than equity positions available in the fund. Consistent monthly cash flow, property appreciation, and the return of invested capital are some of the leading factors behind the high demand for our fund.