KISSIMMEE, FL - FM Capital, LLC, a real estate investment firm based in Florida and New York, has closed on the acquisition of Cambria at Polos South. The property is a 216 Class B apartment complex located in Kissimmee, FL. The property was purchased for $18,170,000. At the time of closing the property was close to fully occupied.
Cambria At Polos South was built in 1991 as a 216 rental community it was converted into a condominium in 2007 which failed to sellout as was the case for many similar projects during that time. The current owner purchased the mortgage in 2009 ultimately taking full control of the bulk owned units as well as the HOA in 2010. Located at 2109 Polo Club Drive in Kissimmee, Florida the property is within a 15 minute drive of Disney World and Universal Studios as well as numerous other amenities and national retailers.
FM Capital, is an active, vertically integrated real estate investment firm that focuses on commercial real estate investment opportunities, debt acquisitions, and loan originations throughout the United States. FM Capital has a value investing philosophy and specialize in profiting from value-add and opportunistic investments. FM Capital currently manages and controls roughly half a billion in assets across the United States. This includes multifamily, retail, office, industrial, development, and mixed use properties throughout the country. FM Capital has offices in New York and South Florida.
About FM Capital: FM Capital (FMC) is a full service, vertically integrated real estate company with offices in New York and Florida. Since 2007, FMC has closed on more than $1B in transactions, handling the acquisition, due diligence, asset management and disposition. With over 50 years of combined experience in dealing with distressed loans and properties, FMC is able to handle all aspects of the business with the needed expertise to maximize its investments. FMC is open to opportunities for acquiring commercial properties and non-performing debt and REO multi-family properties nationwide. For more information on FM Capital, please contact Russell Saltz at 305-722-6185 or rsaltz@fmcapital.com.