Forum Capital Advisors Arranges $66 Million for North Miami Multi-Family Development

FORT LAUDERDALE, Florida., July 25, 2022 /PRNewswire/ — Forum Capital Advisors LLC, a denverreal estate investment and asset management company, today announced that it has closed for approximately $66 million in senior and subordinated debt financing supporting the development of a to-be-built Class A multi-family building of 252 units at Fort Lauderdale.

“Forum is delighted to partner with Bank OZK on the construction debt of this extremely well-located development in the rapidly growing area. Fort Lauderdale market,” said Ross MacDonald, Senior Director at Forum Investment Group. “We are delighted to continue our growth in the Florida market and look forward to future opportunities with this powerful vertically integrated sponsor.”

When completed in 2024, Flagler Station will consist of 252 market rate units with an average area of ​​757 square feet. The 12-story mid-rise podium will feature community amenities such as a resort-style pool with an outdoor kitchen, an artificial-turf dog run and 2,087 square feet of retail space on the ground floor .

from Fort Lauderdale population growth has been slow but steady over the past 10 years with employment growth in the metropolitan area up 6.1% in 2021, compared to the national average of 4.3%. Flagler Station is located in the trendy downtown district Flagler Village neighborhood, walking distance to local Winn-Dixie and many bars and restaurants.

About Forum Investment Group

Forum Investment Group* is an innovative asset management firm that provides access and expertise to multi-family investments from top to bottom of the capital stack and throughout economic cycles. The company specializes in multi-family acquisitions, developments, real estate debt and structured finance solutions for owners, operators and developers across the United States. Since 2007, Forum has built a reputation for seeking to generate reliable current income with an attractive risk/return profile. For more information, visit www.forumcapadvisors.com.

*Forum Investment Group is not a legal entity. References to “Forum Investment Group” or “Forum” mean Forum Capital Advisors LLC (an investment adviser registered with the United States Securities and Exchange Commission which acts as the investment adviser for all Forum fund vehicles) and Forum Real Estate Group, LLC (the direct real estate investment arm of Forum).

SOURCE Forum Investment Group