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Boosts in residential portfolio Florida

- May 15, 2012

FCA Group (now incorporated in Elandis) has acquired 94 two- and three-bedroom condominium units in popular 110-unit The Oaks at Granada residential development in the densely populated Tampa Bay area of Florida. Within easy reach of downtown Tampa and situated on the Hillsborough River, the quality units add over 121,000 sqft to FCA Group’s growing residential portfolio across Florida and North America.

The riverfront garden-style community features spacious courtyards, a clubhouse and swimming pool, and is convenient for the wider attractions of the Tampa Bay area including the University of South Florida, Westshore Business District, shops, retail parks, and the Port of Tampa.

“This acquisition once again demonstrates our track record for execution,” says Frank Espinosa, CEO of FCA Group. “We shall take full control of the Board of Directors of the homeowners’ association, and look forward to supporting the tenants in this very sought-after property which will have the added benefit of being managed by our own property management arm.”

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