CASE STUDIES

We are pleased to share with you some of our successes.

SEASONS AT TRADITION

The Property is located at the northwest quadrant of the Traditions DRI in the city of Port St. Lucie, St. Lucie County, Florida and was sold to Avatar Communities in the 2ND half of 2009. It consists of Two Hundred Sixty Three (263) finished lots in a gated 55 and over community master.

PROPERTY DESCRIPTION:
COMMUNITY PROPERTY:

PARKLAND VILLAGE SQUARE

Parkland Village Square is a planned mixed use,” Town Center” project to be located in the heart of one of South Florida’s most affluent and fastest growing cities, Parkland. The site was sold to Ross Reality Investments in early 2008. The project will include approximately 40,000 sf of restaurants, retail, and office space, along with 10 residential townhomes, all surrounding a beautiful center park area (Village Green) with fountains, pedestrian and bike paths, and picnic grounds.

HALLMARK SENIOR LIVING PULTE CENTEX

Hallmark Senior Living paid Pulte Centex Homes $4.2 million for approximately 7 acres of land the Jupiter, Florida planned community of Abacoa. Abacoa, home to Scripps Research Institute and the Max Planck Society Biotech Complex, is a traditional neighborhood development consisting of 2,050 acres. Hallmark is planning to build 140 luxury rentals for the elderly. The project will consist of 78 Independent units (100 beds), 42 Assisted Living units (52 beds), and 20 Memory Care units (22 beds). According to F. Thomas Godart, a Broker/Associate specializing in Senior Care for PMA Sales Group (based in Boca Raton) who represented both the Seller and Hallmark, "they are looking to build a facility that resembles a boutique luxury hotel". As you are well aware "very few players have been capable of closing on to be built projects where financing is currently unobtainable for most companies".

Located in the prestigious Abacoa area at intersection of Indian Creek Parkway and Central Boulevard, the Allegro will primarily cater to independent residents with separate wings designed to accommodate those who need assisted living or memory care services. The 140 unit development is completing design and is scheduled to begin construction in June 2010 with an expected completion date July 2011.

TIVOLI ISLES

Tivoli Isles is a 315 unit active adult (55 yr. head of household and older) community in which 154 homes have been sold, the balance being 128 finished lots and 33 spec homes that were subject to a Bank Atlantic filing for foreclosure. The property was sold to K Hovnanian Homes during the 2nd Quarter of 2009.

The community is nicely developed with attractive single family housing product set in an environment behind an impressive gated entry facade. Further, the master plan is designed to place a high percentage of homesites on water.

Amenities are developed to accommodate active adult living. The social centerpiece is the Tivoli Isle Club (construction stopped) which will provide a “resort-style” environment for relaxation and recreation.