Contact us

News & Insights

Bought majority of Jasmine at Tamarac, FL

- Dec 22, 2012

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.”

[ You may also interested ]...

Elandis is thrilled to announce its recent property acquisition in Birmingham, Alabama
Alabama - May 2023

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

Elandis Adds Third Multifamily Housing Community in Alabama, Expanding Portfolio to Nearly 4,000 Units
Alabama - September 2022

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

Elandis Enters Alabama With Acquisition of Two Multifamily Communities
Alabama - July 2022

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 –

Elandis Acquires Six Multifamily Communities in Florida
Miami - December 2021

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,

Elandis Acquires 569-unit Multifamily Communities in Houston
Houston - November 2021

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,

Elandis Acquires 260-unit Multifamily Community in Houston
Houston - 22 March 2021

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