This luxurious condominium complex was purchased as part of a distressed real estate sale at a highly advantageous price. The units were sold gradually, yielding an IRR in excess of 30% despite the challenging economic environment. The investment was managed in partnership with mcKafka Development Group.
|Investment Purchase||529 SE 5th Avenue, Ft. Lauderdale, FL, USA|
|Purchase according to budget|
|Sales complete||within 12 months|
|Unit sale||2010 - 2011|
|Total area purchased||78,999 sq. ft. of condominiums|
|Number of Units||62|