Florentine purchase future San Marino site

Brand new development project! Proposed entitled 21 unit mixed use property (20 residential & 1 commercial). Project has already approved site plan, floor plans, and elevations.Great water views!! Building is located on one of the major corridors to downtown Ft. Myers and sits in the middle of roughly 1500 high end condo/rentals units; including one of Ft Myers newest condo buildings the Oasis Towers. Traffic count is over 25,000. High visibility and plenty of parking. Easy walk downtown and less than a block from the free downtown Trolley.

City of Palms Realty is formed

Located at 2400 First St in downtown Fort Myers, City of Palms Realty is another sister company to Florentine Holding and is in charge of property management of existing properties, leasing, and identifying new projects.

45,000 Sq ft Commercial/Retail Building located in downtown Fort Myers

Located in the heart of the Downtown Fort Myers River District, Royal Palm Commons is over 44,500 square feet of retail and office space. The asset is located adjacent to the new $25,000,000, Lee County Library project currently under construction and will serve as headquarters for Florentine Holding, City of Palms Realty, Affordable Secure Insurance in addition to multiple retail & office tenants.

RiversHealth is formed and first property is acquired

Rivers Health’s completes its first, state of the art, Special Needs Home, complete with wide doorways, ADA baths & handicapped ramps. To insure the individuals are comfortable in their new home, we will personalize or tailor the home to suit and meet specific needs of our Individuals, along with providing top quality service to our clients and they’re families. All living areas within our homes are tastefully furnished, with full/queen style beds that offer a level of comfort worthy of a luxury hotel.

Single condo purchased in the Oasis Condominiums

3 Bedroom/2.5 bath condo is located on the Caloosahatchee River in one of Fort Myers most recognizable luxury high rise buildings. This unit used to be model show unit for potential purchasers.

31 unit riverfront ALF purchased with over 1 acre of undeveloped land

The East Riverside project is a 2.7 acre parcel located directly on the Caloosahatchee River, less than one mile east of downtown Fort Myers. The asset is comprised of a vacated Assisted Living Facility located on 1.5 acres, together with an older single family home (to be razed) on 1.2 acres.

Coastal Walk secures approvals for a 36 unit townhouse development project

Coastal Walk is a shovel ready , fully approved 36 unit Townhouse project only 1 mile from beautiful Avon by the Sea beaches, a half mile to Shark River, marina' s, restaurants and NYC trains.

Coastal Walk, designed by renowned architect and landscape designers Barton Partners and Melillo & Bauer, offers a variety of two & three bedroom residences ranging from 1,360 to 1,900 square feet. Ample onsite parking is provided along with a Gazebo and beautifully landscaped common areas. The project has received final approvals from all governmental agencies.

Florentine Holding purchases Tomkins Tile Property

The asset is located in a predominantly industrial section of Ft Myers, only a few blocks from the Downtown River District. The property, formally Tompkins Tile, was vacated several years ago upon the passing of the owner, Mr. Tomkins. The lender subsequently foreclosed on the asset and Florentine Holding Company, LLC acquired the assets for $350,000 on June 15, 2012.

Affordable Secure Insurance formed

Florentine Holding’s first sister company is formed. This company handles all of Florentine Holdings insurance policies and it has a large focus on outside business through its strong team and a large book of business previously established through its partners and agents.

Citrus Springs Storage facility

This asset is located in Downtown Fort Myers, FL directly across from the Caloosahatchee River. The Fort Myers Downtown Riverfront District recently underwent a $50mm Streetscape Improvement project and is the Lee County Seat, with many county, city and state offices located in the immediate proximity.

The recent acquisition of this landmark building and has generated considerable excitement within the city. We have had visits from the Mayor, Community Development Teams, the City Planner, etc. All have expressed appreciation and offers to help facilitate a successful operation.

Currently under construction, directly across the street is the City’s Riverfront Project that will bring a catch basin in from the river, with a new “river walk,” right to the front door of this building. The completion of the city project will make this property one of the most valued properties in the city. The asset is four stories and will host “The Firestone” restaurant & bar, schedule to open in late 2012 upon completion of renovations.

Florentine Holding brings back one of Fort Myers landmark buildings

This asset is located in Downtown Fort Myers, FL directly across from the Caloosahatchee River. The Fort Myers Downtown Riverfront District recently underwent a $50mm Streetscape Improvement project and is the Lee County Seat, with many county, city and state offices located in the immediate proximity.

The recent acquisition of this landmark building and has generated considerable excitement within the city. We have had visits from the Mayor, Community Development Teams, the City Planner, etc. All have expressed appreciation and offers to help facilitate a successful operation.

Currently under construction, directly across the street is the City’s Riverfront Project that will bring a catch basin from the river, with a new “river walk,” right to the front door of this building. The completion of the city project will make this property one of the most valued properties in the city.

Acquired First Street Fort Myers, Multifamily with river views project

The asset is located in downtown Fort Myers, directly across the street from the Caloosahatchee River with river views from most apartments. This is an outstanding location due to its river views and proximity to Downtown Ft. Myers, where a $50mm Streetscape project was recently completed. The asset is a 16 unit multifamily property that was built in 1946 and is in good condition.

Affordable Secure Self-Storage II- Hudson, Florida

The asset is located in Hudson, FL, Pasco County, approximately 25 miles north of Tampa, less than 2 miles from the Gulf of Mexico, and .5 miles east of Route 19. The property is in generally good condition with very little deferred maintenance. The property is predominately built out with over 40,000 square feet of rentable area on 3.17 acres, with a good unit mix.

Stadium Gardens closes-Fort Myers

Stadium Gardens is in a central Fort Myers location, immediately across the street from the City of Palms Park, (Red Sox Farm Team). Walking distance to Downtown, shopping and public transportation. The asset was acquired in late December 2011, and commenced renovations in January 2012 with completion in April 2012. The asset is currently 100% occupied with strong demand for affordable rentals in the immediate area due to it’s proximity to downtown, public transportation and local government offices.

Spring Lake subdivision secured and sold

Very desirable location in Spring Lake, NJ was acquired by Florentine as a subdivision. Located 2 blocks from the beautiful Jersey Shore, Florentine was able to get the approval to subdivide the large lot into 2 smaller lots and sold them for a large profit.

Florentine Holding Company purchases first Self-Storage facility

The asset is centrally located on S Tamiami Trail in Fort Myers, less than 50’ from highly traveled route 41. The asset is concrete block with wood frame trusses in four buildings, and is in very good condition. The company acquired the asset from a distressed private party in July 2011. At acquisition, the asset was less than 50% occupied. Through professional management, aggressive advertising and add-on services, the company has successfully repositioned the asset to 90% occupancy in May 2013, with a current Net Operating Income (based on 5 months trailing) of $128,000, valuing the asset at over $1,600,000.

Spring Lake Height New Jersey subdivision secured and sold

Florentine acquired a large single family home property and was able to get approvals to subdivide lot into 3 parcels. Parcels included the single family home, a residential lot and a commercial lot. Property is located on Wreck Pond in Spring Lake Heights, and 7 blocks from the beach.

Pebble Court acquisition

Pebble Court Apartments is a 20 unit, multifamily project centrally located within minutes of The Edison Mall, Lee County Hospital, Downtown Ft. Myers, and routes 41 and I-75. The complex was owned by a retired couple, and is only 60% occupied, creating a true value added opportunity. The complex and units are in very good condition with very little or no deferred maintenance.

All units are 1 bedroom, 1 bath, with screened Lanais, and approximately 675-700 square feet of living space.

Purchase of a distressed/ failed condo project located on Second Street in Downtown Fort Myers

Residences at Second Street is a 16 unit, multifamily project located less than .5 miles from downtown Ft. Myers. The project is vacant and bank owned, purchased by the previous owner for $1,600,000 in 2005.

The property is in a very good location, just east of Park Ave (old 41), on the north side of Second Street, and abuts the historical Dean Park subdivision. The project is comprised of (2) identical, 8 unit buildings on over an acre (44,589 square feet).

All units are 2 bedrooms, 1 bathroom, with 758 square feet of living space