Grant Cardone and Cardone Capital close deal on 31-acre multifamily complex in Delray Beach, Florida

MIAMI: September 28, 2018, Grant Cardone, CEO of Cardone Capital, announced today the acquisition of The Atlantic Delray, a luxury garden apartment development of 346 homes in the heart of highly-coveted Delray Beach, Florida. This is the third sizable acquisition for Cardone Capital in 2018. Cardone Capital, with 5,000 units currently under management has spent over 25 years focusing on investing in income-producing, affordable housing in the secondary and tertiary markets and is changing the way people invest in multifamily real estate by offering real asset ownership, no broker fees, monthly distribution of funds as well as accredited and non-accredited fund offerings.

Mr. Cardone commented, “This incredibly unique property is comprised of a variety of buildings – garden style, two-story and three-story buildings – all situated artfully over thirty-one impeccable acres. The amenities are exceptional, from the resort-style pool and luxury clubhouse to the massive movie theater. All of that with brand-new, high-quality construction”.

“I love this acquisition as a long-term investment for our investors.” – Grant Cardone

Atlantic Delray is situated on a 3.5-acre lake with multiple parks and amenities and in addition is anchored by Atlantic Avenue and its destination restaurants, galleries, shops and boutiques.

Cushman & Wakefield’s Robert Kaplan and Chris Lentz arranged the acquisition financing with a major life insurance company. “The lender was attracted to the transaction because of the financially strong and experienced sponsorship as well as the property’s Class A location, construction quality and proven cash flow” explained Robert Kaplan, Executive Managing Director Cushman & Wakefield Capital Markets Equity, Debt & Structured Finance.

“The Delray property stands out for the fact that it’s a spread-out luxury complex with a garden living experience amid an increasingly dense suburban development approach to multifamily construction,” said Ryan Tseko, Cardone Fund Manager.

For more information on Cardone Capital and investment opportunities, call 310.777.0255 or visit www.cardonecapital.com

About Grant Cardone: Grant Cardone is a New York Times bestselling author, international social media influencer, the number one sales trainer in the world, and an internationally renowned speaker on leadership, real estate, investing, entrepreneurship, social media, and finance. He owns five companies with annual revenues exceeding $100 million.  He is a regular guest on Fox News, Fox Business, CNBC, and MSNBC. He also is a contributing writer for Forbes, Success Magazine, Business Insider, Entrepreneur.com and the Huffington Post.

 

Our offerings under Regulation D Rule 506(c) are available to accredited investors only.

For our Regulation A offering:

Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering

GRANT CARDONE AND CARDONE CAPITAL CLOSE ANOTHER DEAL IN AN INCREDIBLE YEAR

Grant Cardone, CEO of Cardone Capital, announced the sale of their Nashville portfolio to Morgan Properties. The 826-unit deal consisted of four community complexes at Lincoya Bay, Hickory Creek, Jackson Grove and Sheffield Heights – all in the east/northeast area of central Nashville. Cardone Capital has spent over 25 years focusing on investing in income-producing, affordable housing in the secondary and tertiary markets and is changing the way people invest in multifamily real estate by offering real asset ownership, no broker fees, monthly distribution of funds as well as accredited and non-accredited fund offerings.

In addition, Cardone Capital has crowdfunded over $100 million in the last fourteen months through social media and currently operates 5,000 units throughout the Southeast United States.

Dan Phelan, Director of Multifamily Sales at ARA, A Newmark company, represented Cardone Capital in the sale. He commented, “Grant Cardone recognized the potential in these assets early on and was able to reap the benefits of rising demand for work-force housing in Nashville in order to bring the properties full cycle”.

Cardone Capital perfectly captured opportune timing in the disposition of the portfolio,” says Phelan. “The growth story of Nashville was immediately recognized by a very competitive field of buyers, resulting in top-market pricing for the assets and a great return for our client.  Cardone’s investment strategy has always been forward-looking, and this portfolio exemplifies that.”

Cardone says, “Jonathan Morgan and his group were a pleasure to deal with.  They fully understand the value of affordable housing in all markets, especially the super-hot Nashville market.  Long term I will probably regret selling this portfolio as it has become almost impossible to find affordable housing. This was purely a business decision for our investors.”

For more information on Cardone Capital and investment opportunities call 310.777.0255 or email invest@cardonecapital.com.

ABOUT GRANT CARDONE

Grant Cardone is a New York Times bestselling author, international social media influencer, the number one sales trainer in the world, and an internationally renowned speaker on leadership, real estate, investing, entrepreneurship, social media, and finance. He owns five companies with annual revenues exceeding $100 million.  He is a regular guest on Fox News, Fox Business, CNBC, and MSNBC. He also is a contributing writer for Forbes, Success Magazine, Business Insider, Entrepreneur.com and the Huffington Post.

We are accepting Indications of Interest Only. At this time, no money is being solicited and any funds tendered will be rejected. Your indication of interest is non-binding.

Our offerings under Regulation D Rule 506(c) are available to accredited investors only.

For our Regulation A offering:

Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering

Cardone Capital, a Miami-based multi-family investment firm, completed funding of its $45 million fund in just under 7 months using social media—including Facebook, Linkedin, Instagram, Twitter and even Snapchat—as its crowdsourcing platform.

The Cardone Equity Fund purchased two investment properties for more than $100,000,000.

The 507-unit Woodway Square property located near the Galleria Mall in Houston, TX property was purchased off-market from Fairfield Residential, one of the leading apartment owners in the world.

The other property, Murano, was an upscale apartment complex totaling 240 units, centrally located in Orlando, FL.

Cardone assumed the existing Fannie Mae loan with the Fairfield Group. On the Orlando property, Cardone used Teachers Insurance & Annuity Association of America, a $109 billion dollar holding company, for the debt.

Both deals were brokered by Robert Given of Cushman Wakefield, a global leader in the commercial real estate space.

Grant Cardone, CEO of Cardone Capital, said, “The real estate we are buying has traditionally been available only to the large institutions (think Blackstone, Vanguard, Fidelity, Fairfield) and out of reach to everyday investors.  I am making extraordinary investments available to the everyday person.”

WOODWAY SQUARE APARTMENT COMPLEX

Woodway Square HoustonThe Woodway Square property is located next to million-dollar homes and backs up to Whole Foods (Amazon) and across from the largest Baptist Church in Texas, The Second Baptist Church. Ryan Tseko, portfolio manager, notes that “the 15.671-acre site includes the largest private recreational park and greenspace of any multi-family community in Houston, one of America’s greatest job growth cities and home of the 2017 World Series Champions Houston Astros.”

MURANO APARTMENT COMPLEX

Murano Apartments
Murano was completed in 2016 and comprises 240 luxury apartment cash flow positive homes in an elegant and modern four-story structure across from the Ritz Hotel in Orlando.

Grant Cardone and Cardone Capital are planning to launch their 4th fund, Cardone Equity Fund IV, to raise $100 million privately from accredited investors, and are planning on registering with the SEC to offer interests in a Regulation A+ fund to allow non-accredited investors access to his deals.

About Cardone Capital

Cardone Capital is a private-equity real estate firm that specializes in incoming producing product, mostly in the multifamily housing sector.

With 25+ years of experience in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets in five states; Tennessee, Georgia, Alabama, Texas and Florida.

Cardone Capital’s mission is to identify, acquire and manage income-producing properties in great locations that provide opportunities for investors to preserve capital investments, collect consistent cash distributions while providing future capital appreciation of the assets.

GC, Cardone Capital.

Our offerings under Regulation D Rule 506(c) are available to accredited investors only.

For our Regulation A offering:

Until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person’s indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com/offering