High Quality Condominiums
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 | 2010 |
| 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 |
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