Falcon Americas Group and Casablanca Trust have formed a partnership for the purpose of investing in a Condo Portfolio project. Falcon Americas Group is a global investment-banking firm that provides wide-ranging financial services to an extensive and multifaceted client base. Casablanca Trust is a Florida-based real estate Development and Management Company. They specialize in marketing residential communities, condominium complexes, residential sites, undeveloped land as well as commercial and investment opportunities in South Florida and beyond. Falcon Americas Group and Casablanca Trust are investing in a total of 18 different properties made up of 1,418 residential condominium units having an average price of $106,000 each.
The residential condominium units are spread among 10 different urban cities located in the tropical topography of South Florida’s Miami-Dade and Broward Counties. Rental prices in Miami-Dade and Broward Counties are at an all-time high, even surpassing rent increases established in the previous few years. South Florida enjoys an unparalleled 99% occupancy rate on condo rentals. The area of South Florida is in the unique position of creating outstanding opportunities for investors in multi-housing developments due to future increases in rent as a result of appreciation, a depletion of rental inventory with no net increase in sight, and other favorable factors influencing the rental market in South Florida.
Miami’s location makes it a front-runner for international trade, finance and entertainment with its international airport serving as the busiest hub for those entering the U.S. from Latin America. This airport is the most expansive airline center in the United States, linking those travelling between Europe, North America and Latin America. The Port of Miami is the main center for cargo being shipped between American, Caribbean and Latin American markets and more.