Projects

We have a vast compilation of real estate projects, resulting in millions of square footage, thereby extending to us an extreme advantage in the innumerable opportunities in our real estate market.
Battery Park Lofts
Battery Park Lofts
Cleveland, Ohio
  • Purchased November 2019
  • 95% occupancy
  • Fully stabilized building
  • Excellent Class-A built in 2018
  • Located in a great downtown location and submarket, providing premium amenities
Terraces on The Square
Terraces on The Square
Port Saint Lucie, Florida
  • Purchased March 2017 for $10M
  • Substantial rent increase across asset, fully stabilized building
  • Full execution of the program within two years
  • Achieved recapitalization objective
  • Enhanced building with premium amenities such a gym, media room, updated pool and more.
Lakeshore Club
Lakeshore Club
Winter Haven, Florida
  • Purchased March 2017
  • Purchased with adjacent land which was later approved for construction of additional 250 units
  • Completed gut renovation of 50 units
  • Achieved 80% rent increase
  • Refinanced asset resulting in almost double the valuation of purchase price
Nighttown
Nighttown
Cleveland Heights, Ohio
  • Purchased January 2021
  • $3.7m with an abandoned bank corner
  • Walking distance from Cleveland Clinic
  • Shortly after closing, secured an offer for the anchor bringing the base down to 1m
  • Secured plans and permitting for 48 resi/comm units and have an LOI for 20 years
Gateway Commons
Gateway Commons
St. Augustine, Florida
  • Purchased February 2020 for $8.3m
  • 9.2% Cap 89% occupancy at commencement
  • Increased occupancy to 94%, rent base from 17.5 to 22.5 on new leases
  • 5% ahead of business plan
  • Major expense reduction
Belfort I
Belfort I
Jacksonville, Florida
  • Purchased April 2021
  • 68,609 sq ft of beautifully renovated office building
  • Abundant area amenities that include restaurants, shops, banks, hotels and work out facilities
  • Newly renovated lobby, common area lounge and bright open floor plans
  • Significant upside play with quick execution
Ground Up Construction
Ground Up Construction
North Port, Florida
  • Three diversified floor plans, zero-sum homes
  • Under $100/ft construction cost
  • 5 months from breaking grounds to C/O
  • Most units are sold before reaching 80% completion
  • Average sale price $170/sf
Land Development
Land Development
Vero Beach, Florida
  • Purchased January 2021
  • Rezoned for 900 SFH
  • LOI from Lennar (top national builder) in place
  • Expected ROI 100% in 12 months
  • Located in a strong market
Opportunity Zone Project
Opportunity Zone Project
Cleveland, Ohio
  • Purchased June 2021
  • 1800's building - old factory being converted to a modern multi-mixed use
  • Unique opportunity zone
  • Anchor tenant in place to pay for carrying costs
  • Up and coming district being revitalized
Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world
Franklin D. Roosevelt