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Fannie Mae Finances Elandis’s Pine Creek Multifamily Community In Houston, Texas, With $11m Property Loan

HOUSTON - Oct. 03, 2017

Elandis announced today the financing of Pine Creek, the firm’s 300-unit, two-story multi-family community located in Houston. The development’s lending facility of $11.15 million is with US government-sponsored enterprise, Fannie Mae on a seven-year term. Fannie Mae is a leading source of financing for mortgage lenders nationwide and this deal follows the successful repositioning of this asset by Elandis in only 17 months with consequent value enhancement.

The Elandis Houston portfolio of owned or managed properties comprises four multi-family rental communities of one-, two-, and three-bedroom units within the Greater Houston area including:

• Pine Creek: 470 Maxey Road – 300 Units

• Kirkwood Landing: 9850 S. Kirkwood Road – 264 Units

• The Forest: 22820 Imperial Valley Drive – 192 Units

• Valencia at Spring Branch: 9550 Long Point Road – 228 Units

With a proven track record in the real estate ownership, development and property management industry, Elandis continues to seek out strategic opportunities to acquire, renovate and ultimately enhance multi-family properties, thereby raising the quality of living for the communities and residents they serve. The demand for workforce housing continues to increase in the U.S., especially in the Sun Belt states which are experiencing favorable job growth and increasing urbanization.

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Elandis acquires 14,000 sqm land for villa development in Northern Argentina
MIAMI - Sept 21, 2017

Elandis, an international hospitality and real estate ownership, development and property management subsidiary of the Libra Group, announced today that it has acquired 14,000m2 of land on the Estancia de Cafayate residential and sporting estate in the Salta region

Elandis sells Jasmine in Tamarac, Florida, for $22 million
MIAMI, FL - August 5, 2016

Elandis (formerly FCA Group), the Americas real estate investment and property management arm of the Libra Group, has announced its sale of Jasmine at Tamarac, a portfolio of 222 residential apartments located in Tamarac, Florida, in Broward

Elandis acquires 1,000 multi-family apartments in Houston, TX
MIAMI - May 30, 2016

$50 million deal adds to Elandis portfolio

Elandis, the real estate ownership, development and property management arm of the Libra Group throughout the Americas, has acquired approximately 1,000 units in four separate multi-family communities in Houston,

‘Grand Pavilion’ in Tampa sold
MIAMI - July 28, 2016

FCA Group (now incorporated to Elandis), the North and Central American real estate investment and property management arm of the Libra Group, has sold 212 residential apartments of ‘Grand Pavilion’, the 163,000 sq ft multifamily community development

‘Oaks at Granada’ in Tampa sold
MIAMI - Dec 29, 2015

FCA Group (now incorporated in Elandis), the North and Central American real estate investment and property management arm of the Libra Group, has sold 94 residential apartments of ‘Oaks at Granada’, the 121,250 sq ft multifamily community

238 Bay Pointe Colony units in Tampa acquired
MIAMI - Nov 19, 2015

FCA Group (now incorporated in Elandis), the North and Central American real estate investment and property management arm of the Libra Group, has acquired 238 residential apartments of the 260 units on the Bay Pointe Colony multifamily