| RECENT ASSIGNMENTS
Daytona
Beach, FL
Renovation and Conversion of 180-unit waterfront apartment property.
Project completed with a successful bulk sale of remaining inventory to a private
investor.
Altamonte Springs, FL
(Orlando)
Renovation and Condominium Conversion of 316-unit apartment
property. Subsequent reversion to rental. Performed rental lease up of
owned units, bringing occupancy up from 35% to 95% while continuing unit sales.
Restructured debt to extend maturity date and accommodate market conditions
West Palm Beach, FL
Conversion
of 166-unit community. Subsequent reversion to rental. Performed rental lease
up of owned units, bringing occupancy from 50% up to 95%. Restructured debt and
mezzanine loans to extend maturity and accommodate market conditions.
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