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‘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 in Tampa, Florida.

Following the advantageous transaction, FCA Group, which has owned and operated over 1,500 multifamily units in the area in the last five years, is embarking on a comprehensive investment program to add more properties to its wide portfolio.

“‘Grand Pavilion was acquired in 2011 and we worked together with tenants and homeowners to further enhance the living experience through upgrades and improvements to the estate.” said Frank Espinosa, CEO of FCA Group. “The stabilization process began by ensuring a safe environment, with responsible tenants and then we upgraded the exterior and interiors of the condominium”, added Frank Espinosa.

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