CREATING VALUE
Site C
W Broward Blvd
Proposed
Development
Site B
Site A
FORT LAUDERDALE LAND
•
Project Plan
Aimco entered into a joint venture with
Kushner Companies to purchase three
undeveloped land parcels located in
downtown Fort Lauderdale, Florida.
⚫The total contract price for the land is $49
million ($25 million at Aimco's 51% share)
Entitlements are in place for the development
of approximately three million square feet of
multifamily homes and commercial space.
•
Local Color
1.
2.
The Fort Lauderdale market dynamics are
appealing due to:
5-year rental growth rate for multifamily
properties in downtown Fort Lauderdale
exceeding 23%.
Fort Lauderdale recognition as the seventh most
livable downtown in the country, by
Livability.com.
Aimco
CREATING
VALUE
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