Miami, May 2023 –Elandis is thrilled to announce its recent property acquisition in Birmingham, Alabama. This latest addition to our portfolio marks our fourth property in the beautiful “Yellowhammer” State.

The property, Crestwood Green, is a stunning 270-unit property that boasts a beautiful swimming pool and outdoor spaces. Conveniently located near the dynamic Central Business District and other key employment centers, top retail zones, and other demand drivers in the area, we believe that this purchase will support economic investment in Birmingham and create new opportunities for our residents and team members.
We are proud to have partnered with Freddie Mac to secure a loan of over $17 million to acquire this property.

At Elandis, we are committed to strategically seeking out assets with considerable potential across the Sun Belt. Our portfolio is designed to support economic growth and provide comfortable and affordable rental homes, creating value for our residents and communities. With this latest acquisition, we now own a total of 4,200 units in the U.S., with over 1,100 units in Birmingham alone.

We are excited to share this latest news and look forward to continuing to grow our portfolio with properties that have considerable potential. Thank you for your continued support as we work to make a positive impact in the communities we serve.

Miami, Sept 2022 –Elandis today announced the acquisition of a third multifamily community in Alabama. Hills At Hoover, a 320-unit community located at 3627 Cedarbrook Dr., is located in the Birmingham-Hoover metropolitan area. The acquisition was financed by Truist.
Elandis plans to renovate and improve the 320 dwelling units for use by working families, including upgrades to facilities and interiors while ensuring continued affordability. The two- and three-story property is located in Hoover, the largest suburban city in Alabama, in the newly-established central business district supporting economic investment and revitalization of the community. It is in close proximity to two shopping centers, and natural recreation areas including the Aldridge Botanical Gardens, Moss Rock Preserve, and Oak Mountain State Park. It is also a short drive to the Birmingham-Shuttlesworth International Airport.
With this announcement, Elandis owns and manages close to 1,000 units in Alabama. The company also deepens its presence in Birmingham, a new market with great potential, and reaches close to 4,000 units owned in the U.S. Sun Belt.
“We are pleased to acquire this promising asset in one of the most desired submarkets of Birmingham. Hills at Hoover is located in one of the state’s most sought-after school districts and is near plenty of jobs, quality retail, dining, and entertainment amenities, said Frank Espinosa, CEO of Elandis. “We are focused on raising the quality of life of our residents while preserving much-needed housing, and enriching the surrounding community. This is an exciting next step for Elandis, and we look forward to joining the community to revitalize Hoover and bring its huge potential to life.”
This announcement comes on the heels of Elandis recently acquiring two distinctive multifamily communities in Birmingham, Alabama – Ascot Place and Onyx at 600 – with a total of 513 units. A leader in multifamily housing, Elandis continues to strategically expand in target markets of Texas, Florida, Alabama, Georgia, North Carolina, and South Carolina.

MIAMI, Jul 2022 –Elandis, a real estate ownership and property management company, today announced that it has acquired two distinctive multifamily communities in Alabama. The communities, located in Birmingham, include:

• Ascot Place: Located at 544 Gadsden Hwy, Birmingham, AL – 288 units, built in 1972 and 1986.
• Onyx at 600: Located at 600 Earline Cir, Birmingham, AL – 225 units, built in 1972.

Both properties are centrally located in Birmingham, a vibrant, growing city. As the new owner, Elandis is planning extensive upgrades to the unit’s interiors, amenities, and common areas.
With the acquisition, Elandis enters a new market, and reaches more than 3,500 units owned in the U.S. One of the leading multifamily real estate companies in the U.S. Sun Belt, Elandis continues to seek out opportunities in its target markets of Texas, Florida, Alabama, Georgia, North Carolina and South Carolina.
“We are pleased to acquire these excellent assets in the rapidly growing city of Birmingham. It is a city of great promise filled with entertainment, arts, nightlife, outdoor recreation, and world-class cuisine,” said Frank Espinosa, CEO of Elandis. “We are also excited to add Alabama to our continued expansion and are proud to breathe new life into these properties and to provide attractive workforce housing, which is in crucial need in Birmingham and across the country.”

MIAMI, Dec 2021 –Elandis, a real estate ownership and property management company, today announced that it has acquired six separate multifamily communities in Florida. The communities, located in Orlando and Daytona Beach, include:

– Millennium: Located at 4255 Barwood Drive, Orlando, FL – 200 units, built in 1974.
– Brookside: Located at 3997 Rosewood Way, Orlando, FL– 343 units, built in 1984.
– Bay: Located at 1225 S. Beach St., Daytona Beach, FL – 248 residences, built in 1974.
– Ridge: Ridge: Located at 2050 S. Ridgewood Ave, South Daytona, FL – 232 units, built in 1973.
– Park: Located at 1049 Brentwood Dr., Daytona Beach, FL – 119 units, built in 1964.
– Rose: Located at 200 Robert Street New Smyrna Beach, FL – 100 units, built in 1973.

The properties are centrally located and feature a broad range of amenities. Elandis is planning an extensive series of upgrades to unit interiors, amenities and common areas.

With the acquisition, Elandis will have more than doubled the units owned in its portfolio during 2021, reaching almost 3,100 units owned. The portfolio is evenly split between holdings in Texas and Florida, while the company continues to seek out opportunities in its target markets of Texas, Florida, Georgia, North Carolina and South Carolina.

“We are extremely pleased to be acquiring this excellent array of multifamily communities in two of Florida’s fastest-growing areas,” said Frank Espinosa, CEO of Elandis. “These properties have been an integral part of their communities for a long time, and, as they are upgraded they will continue to serve a crucial need in the region’s rental housing market.”

HOUSTON, Nov 2021 –Elandis, a real estate ownership and property management company, today announced that it has acquired Hudson & Crosby at Westchase, two multifamily communities with a combined 569 residential units in Houston.
Located at 2909 Hayes Rd., Houston, Texas, the two-story properties ideally match Elandis’s stated goal of acquiring workforce housing communities throughout the Sun Belt states. The acquisition price was not disclosed.
The centrally located communities, which were built in 1980, have three shopping centers within a half mile for ease of shopping and for meeting residents’ everyday needs. It is also within easy access of major thoroughfares.
Hudson & Crosby at Westchase feature one-, two- and three-bedroom residences, along with shared amenities which include a swimming pool and clubhouse, covered parking, business center, and a fitness center.
The communities will benefit from a comprehensive in-unit upgrade program, along with upgrades to its common areas and amenities.
The acquisition is part of a joint venture between Libra Group and London-based M&G Investments, a multi-national conglomerate. The JV has now deployed in excess of $50 million of equity.
With this acquisition, Elandis leverages its local market knowledge and expands its footprint in Houston, while continuing to explore additional opportunities in the area.
“Hudson & Crosby at Westchase ideally meets the strong demand for workforce housing in the Houston market,” said Luis Pulido, CFO of Elandis. “The acquisition financing is provided by Freddie Mac, and hence we now have financial support from both government sponsored agencies.”
Elandis will use its expertise of investment and management to maximize the value of this and future properties in the JV through tenant retention and capital improvement programs. Raising residents’ quality of life, preserving much needed workforce housing, and benefitting the
surrounding community are core values to Elandis, and a central tenet of its investment strategy.

HOUSTON, 22 March 2021 –Elandis, a real estate ownership and property management company, announces it has acquired Waters at Westchase, a 260-unit multifamily community in Houston.
The acquisition is part of a transformative Elandis joint venture, between London-based M&G Investments and the Libra Group, a multi-national conglomerate. The JV, which is deploying its first tranche of $50 million of equity, is expanding Elandis’s core business of investing in workforce multifamily assets in the U.S.
With this acquisition, Elandis leverages its local market knowledge and expands its footprint in Houston. It has a strong regional property management presence and currently owns just over 1,000 units in Houston, with an eye to buy more.
“Working alongside our partners, M&G Investments and the Libra Group, we identified Houston as a market with propitious dynamics that complement our long-term investment goals,” said Ted Lawson, COO of Elandis. “The specifics of Waters at Westchase plus its submarket’s economic indicators provide a highly sought after reposition opportunity, where we can create substantial value in the asset and improve the quality of life for its residents.”
Built in 1979, Waters at Westchase is located at 11490 Harwin Drive. Its spacious one- and two-bedroom units, with large walk-in closets and private patios/balconies, will benefit from a comprehensive in-unit upgrade program. Its common areas and amenities will also receive major investment.
Situated in the Westchase District of Houston, the pet-friendly community is adjacent to one of the city’s most important and burgeoning neighborhoods. A leading office address for Houston employers, the Westchase District includes an affluent population, a safe environment, excellent mobility and prestigious Fortune 200 employers such as Bank of America, Target, Cisco, Office Depot, Harvey Builders and EHRA Engineering.
Elandis will use its vertically integrated expertise of investment and management to maximize the value of this and future properties in the JV through tenant retention and capital improvement programs. Raising residents’ quality of life, preserving much needed workforce housing, and benefitting the surrounding community are core values to Elandis and central tenets of its investment strategy.

MIAMI, 25 September 2020 –Elandis, a real estate ownership and property management subsidiary of the Libra Group, today announced the launch of a transformative joint venture platform focusing on multifamily assets in the US between Libra Group and international asset manager, M&G Investments.

M&G Investments has committed an initial $50 million of equity to the JV which will focus on acquiring and repositioning undervalued workforce multifamily communities across the Sunbelt region, particularly in high population- and job-growth markets including Florida, North Carolina, South Carolina, Georgia, Texas and Nevada. The plan is for the JV to invest and quickly grow beyond the initial equity commitment.

Having acquired 3,000 multifamily units since 2009, Elandis will leverage its proven track record and existing relationships across Sunbelt states with an addition of capital from one of the most prestigious global institutional investors. This allows for the procurement of high-yielding assets in competitive markets.

“The opportunities within the multifamily housing sector have made it a preferred product type among a variety of investors, thanks to strong fundamentals across the Southeast and Southwest,” said Frank Espinosa, CEO of Elandis. “Through this partnership we look forward to the success of this initiative and a future of sustained growth.”

“We are extremely pleased to enter this partnership with Elandis and actively engage the American market,” said William Nicoll, CIO of Private & Alternative Assets M&G Investments. “This is an encouraging time for multifamily investment, and we look forward to working alongside Elandis in this endeavor.”

George Logothetis, Chairman and CEO of the Libra Group added: “We are very proud to partner with this highly respected investment house and look forward to a long and fruitful relationship with their outstanding team as we invest in the all-important USA social housing sector”.

Celebrating 10 years of investment throughout the U.S., Elandis will experience a new stage of growth with the additional backing of large-scale resources and institutional capital from M&G Investments.

Elandis will use its vertically integrated expertise of investment and management to maximize the value of each property through tenant retention and capital improvements programs. Raising residents’ quality of life and enhancing the surrounding communities are core values to Elandis and its investment strategy.

Miami – 22 February 2019 –Elandis, an international real estate ownership, development and property management company, has announced that it has sold Valencia at Spring Branch Apartments, a 228 unit multi-family development in Houston, Texas, for $18 million. The purchaser is a real estate investor group active in Southeast USA.

When Elandis first took over the property in 2015, it put in its own management company, Elandis Services, and invested resources to restore the built and social environment for the community. Capital improvements included roofs, electrical and lighting upgrades, new recreation amenities, pool upgrades, exterior paint, and a unit upgrade plan.

The firm’s strategy focuses on the acquisition and repositioning of Class C workforce multi-family developments into Class B communities. Elandis invests in localities that exhibit favorable economic performance and are experiencing job growth opportunities with a strong workforce presence and a growing population.

Elandis Services is the dedicated property management team that draws on local resources and talent, creating new employment opportunities, working efficiencies and economies of scale. Adding value to the communities it serves through shrewd property management is a core element of the Elandis business proposition.

MIAMI, November 8th, 2018 –Elandis, an international hospitality and real estate ownership, development and property management company, has announced that it has sold Amber Ridge Apartments, a 308 unit multi-family development in Las Vegas, Nevada, for a total of $21 million. The purchaser is a real estate investor group active in Southwest USA.
When Elandis first took over the property in 2012, it was in a state of severe disrepair due to a sustained lack of capital investment. Elandis put in its own management company, Elandis Services, and invested resources to restore the built and social environment for the community. Capital improvements included sewer system repairs, electrical and lighting upgrades, new recreation amenities, pool and spa upgrades, exterior paint, and a partial unit upgrade plan.
The firm’s strategy focuses on the acquisition and repositioning of Class C workforce multi-family developments into Class B properties. Elandis invests in localities that exhibit favorable economic performance and are experiencing job growth opportunities with a strong workforce housing presence and a growing population.
Elandis Services is the dedicated property management team that draws on local resources and talent, creating new employment opportunities, working efficiencies and economies of scale. Adding value to the communities it serves through property management is a core element of the Elandis business proposition.
“This sale is a good example of our ability to enhance value in problematic properties, and competitive markets such as Las Vegas. We are proud of the transformation our team has achieved, which provides not just a strong return on investment, but also improved quality of life to a neglected community. We have a strong track record for investing and improving multifamily communities across the Sunbelt over the last ten years, and we remain on the lookout for further workforce housing investment opportunities,” said Frank Espinosa, Chief Executive Officer of Elandis.

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.

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 County, for $22 million. The purchaser is a New York private equity real estate investor. Originally acquired in 2012, Elandis made a number of upgrades to the property during its ownership.

Elandis has a proven track record for investing in and improving multifamily communities across the southern United States over the last five years. It controls approximately 2,500 residences and is embarking on a comprehensive investment program to add more properties to its portfolio. Following these transactions, the company remains on the lookout for further investment opportunities throughout the region.

“We were fortunate to acquire Jasmine at Tamarac at a time when real estate values were lower. We worked together with tenants to enhance the living experience through upgrades and improvements to customer service and the property,” said Frank Espinosa, CEO of Elandis. “Ultimately, our time and investment have provided value, and we continue to seek additional multi-family opportunities across the Sunbelt states where we can make upgrades to homes and communities.”

Elandis (formerly FCA Group), the North and Latin American real estate investment and property management arm of the Libra Group, has sold a total portfolio of 306 residential apartments at the Grand Pavilion and Oaks at Granada multifamily community developments in Tampa, Florida. Acquired in 2011, the two holdings of 163,000 sq ft and 121,250 sq ft respectively were significantly upgraded by the company and sold in a much improved state. The total value of the transactions was over $20 million.

Elandis has a track record for investing in and improving multifamily units across the southern United States over the last five years. The company currently owns approaching 2,500 residences and is embarking on a comprehensive investment program to add more properties to its portfolio. Following these transactions, the company remains on the lookout for further investment opportunities throughout the region.

“We acquired Grand Pavilion and Oaks at Granada during a market low. We worked together with tenants to enhance the living experience through upgrades and improvements to the estate, and repositioning for full occupancy rates,” said Frank Espinosa, CEO of Elandis. “The general condition of these properties and waiting lists to occupy them show how our time and investment have added value, and we are now looking for more real estate opportunities in Florida and the Southern United States of this kind.”

$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, Texas.

The combined purchases are valued at $50 million and expand the company’s portfolio of owned and managed residential units to 2,500. Elandis has a total of more than 5.8 million square feet of commercial and residential real estate developed and under development across the Americas and has a presence in Argentina, Brazil, the U.S., Panama, Uruguay and Spain.

The four multi-family rental communities, each consisting of one-, two- and three-bedroom units, comprise Kirkwood Landing in South Kirkwood Road; The Forest in Imperial Valley Drive; Valencia at Spring Branch in Long Point Road, and Pine Creek in Maxey Road. The properties will be managed by Elandis’s wholly-owned subsidiary, Elandis Property Management. The dedicated team will draw on local resources and talent, creating new employment opportunities, working efficiencies and economies of scale to enhance the investment. Property management is a core element of the Elandis value proposition.

The communities are all within reach of the city’s vibrant work zones and local amenities, and easily accessible via major thoroughfares. Houston is one of the fastest growing urban centers in the country with a rising population and strong economic performance. In addition, Elandis intends to upgrade the properties through suitable improvements and refurbishments, benefitting tenants and stakeholders alike.

This acquisition is part of Elandis’s defined growth strategy in residential property throughout the Southern States of the United States, and complements its focus on diverse property assets in the commercial, industrial and hospitality sectors. It provides geographical diversification to its current portfolio in Florida and Nevada and a platform to build on for future investment. Elandis intends to expand further through new acquisitions and capital reinvestment in Texas, particularly considering strong opportunities with a stable and attractive investment framework.

“This investment represents a unique blend of secure assets with mature cash flows, providing a strong return on investment,” comments Frank Espinosa, CEO of Elandis. “We are thrilled with our first acquisition in Texas and very much look forward to adding value and making a contribution to the local communities here.”

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.

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 development in Tampa, Florida.

Following the sale, 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.

“‘Oaks at Granada’ was acquired in 2012 and it was seriously damaged. However, after an intensive repositioning program the property was held at nearly 100% occupancy over the last two years, with waiting lists of people that would like to live there”, 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.

FCA Group (now incorporated to Elandis), the North and Central American real estate investment and property management arm of the Libra Group, has sold 79 residential apartments of ‘Herond Pond’, the multifamily community development in Pembroke Pines, Florida.

Following the advantageous transaction, FCA Group is embarking on a comprehensive investment program to add more properties to its wide portfolio.

“Herond Pond 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.

FCA Group (now incorporated in Elandis), the North and Central American real estate investment and property management arm of the Libra Group, has acquired the 316-unit multi-family development Amber Ridge Apartments in Las Vegas, Nevada. It marks a significant addition of 266,060 sqft to the company’s North America multi-family housing portfolio and joins the 1,000 residential units which FCA Group already owns and manages in Florida.

Following the acquisition FCA Group is embarking on a comprehensive program of refurbishment and enhancements at Amber Ridge which will bring direct benefits to the community while adding prestige and value to the development as a whole. This includes restoring deteriorated units to suitably modern standards and upgrading selected apartments to meet the demand for a premium rental option. There will be substantial improvements to amenities throughout including re-developed common areas with superior landscaping, basketball courts, a soccer pitch and a new barbecue and picnic area. Finally, FCA will be deploying a new property management team located on-site and at its Las Vegas executive offices.

Located just 10 minutes from Downtown Las Vegas and 15 minutes away from The Strip, Amber Ridge is in a sought-after location which is currently under-served by suitable rental accommodation following the region’s economic growth, job creation, rising population and expanding tourism industry.

“We have been looking to make an investment such as this for some time and Amber Ridge Apartments presented the perfect opportunity for us,” says Frank Espinosa, CEO of FCA Group. “It is in the right place at the right time, with Las Vegas improving its economics and infrastructure. We were able to close this transaction in a swift manner through the leverage of our own financing. Our approach to investment involves adding value to developments, improving the living environment, and creating more cohesive communities.”

Occupying over 18 acres of land overlooking the scenic mountain ridge that separates Las Vegas from Lake Mead, the Amber Ridge Apartments are configured in one-, two- and three-bedroom options with the larger units having two bathrooms. Each fully-equipped, spacious dwelling has a patio or balcony allowing residents to enjoy the spectacular views. The development itself features two swimming pools with spa, lit basketball and tennis courts, a fitness center and guest lounge.

FCA Group (now incorporated in Elandis) has acquired 222 residential apartments at Jasmine at Tamarac, representing the majority of the 291-unit community in Tamarac, Florida.

Originally built in 1987 as a multifamily rental community, Jasmine at Tamarac underwent a condominium conversion and renovation program in 2006. With spectacular views of a surrounding golf course and a tranquil waterway, the community comprises one- and two-bedroom units, a common area lounge, a theater room, an exercise room and two pool facilities. The property is located just 20 minutes away by car from both Fort Lauderdale, FL, and Nova Southeastern University in Davie, FL.

Jasmine brings FCA Group’s portfolio in the Miami-region alone to 400 owned and operated condos, having acquired two nearby and similar properties with approximately 200 units in 2010. FCA will hire the staff needed for professionally managing the property from day one, as well as capitalizing the homeowners’ association.

“With this transaction, we once again have demonstrated our ability to simultaneously close the acquisition and financing of real estate assets with favorable terms and under compressed deadlines,” said Frank Espinosa, CEO of FCA Group. “Jasmine provides the opportunity to continue building our Florida portfolio, which is rapidly approaching 1,000 units. The historically high occupancy rate at Jasmine along with its enviable location makes this a very strong addition to the FCA portfolio in North America.”

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.”

FCA Group (now incorporated in Elandis) has acquired 212 units at the 264-unit Grand Pavilion residential community in Tampa, Florida. With 163,000 square feet of rentable area, this establishes FCA Group as a major presence in Tampa, which is one of Florida’s three main residential markets.

This complex transaction was made possible by FCA’s ability to execute simultaneously on the acquisition and financing side. The company will increase its staff by around six people to help service the new facility and will reinvigorate the properties with new capital contributions to the homeowners’ association and dedicated management attention. In addition, FCA Group will take full control of the Board of Directors of the homeowners’ association.

“We are pleased to have made this breakthrough acquisition in the Tampa residential market,” comments Frank Espinosa, FCA Group CEO. “We are excited by our investment in Grand Pavilion which offers a wonderful living environment. We look forward to working with tenants and homeowners to further enhance the living experience through upgrades and improvements to the estate.”

FCA Group (now incorporated in Elandis) has increased its portfolio of private residences at the Heron Pond condominium development in Pembroke Pines, Florida, to 79 units. This garden-style community site is located in one of the most desirable residential areas of Broward County in South Florida. The shared space includes a lake, tennis courts, a playground and two swimming pools.These secluded residences are in high demand and the vast majority of them have already been rented.