Multi-Family Condominium Resort Communities
From 2009-2014 there was a unique opportunity in the market to work with banks, developers and other lender partners to purchase distressed, and in some cases, uncompleted Condominium properties. This resulted in over 53 different communities across the U.S. in 9 different states being acquired. We managed all key aspects of permitting, due diligence, construction, sales and marketing platform development and closings. Operating in 9 different states and in multiple locations simultaneously, brought some challenges not seen in the traditional Master Planned Community scenario. Differing market segments, different product lines and challenging consumer needs and wants required many different types of sales process’ and marketing efforts, each one being unique. Not the least of the unique aspect of this platform was the hiring, relocation and continued staffing of the multiple properties. This was achieved through various networking relationships, referrals and local talent acquisition. Over the course of the 5 years, we were able to sustain annual sales in excess of $100 million per year with over 3000 closings in 53 different communities.
SCOPE: Multi-family Condominium Resort Communities
SIZE: 3000 units