Forum Capital Advisors Provides Preferred Equity for Multifamily Development in Fort Myers, Florida
DENVER, May 16, 2023 /PRNewswire/ -- Forum Capital Advisors LLC ("Forum"), a Denver-based asset management firm, announced that it has closed on a $26 million preferred equity investment supporting the development of Tailor Apartments, a 384-unit multifamily project in Fort Myers, Florida.
- DENVER, May 16, 2023 /PRNewswire/ -- Forum Capital Advisors LLC ("Forum"), a Denver-based asset management firm, announced that it has closed on a $26 million preferred equity investment supporting the development of Tailor Apartments, a 384-unit multifamily project in Fort Myers, Florida.
- "We continue to see positive rent growth projected in the Fort Myers submarket, which was one of the key factors in making this an attractive investment opportunity for Forum."
- The development is located along Ortiz Avenue with proximate access to I-75 and Highway 82, the main commuter thoroughfares in Fort Myers.
- "The Forum team has extensive experience working with the sponsor, and we're happy to partner with them again on this investment."