ATLANTIC AMERICAN FORTUNE FUND II
Atlantic American Fortune Fund II raised $37,500,000 from 75 EB-5 investors, creating a diversified portfolio of four assets, including two major chain hotels supporting the Ft. Lauderdale International Airport and two multifamily apartment communities – one in the Tampa Bay area and one in downtown Orlando.
Wyndham Garden Ft. Lauderdale Airport
Fortune Fund II made a $5,500,000 equity investment in Wyndham Garden Ft. Lauderdale Airport & Cruise Port, a 142-room limited service hotel to be located in Dania Beach, Florida. The project intends to capitalize on the 25 million annual passengers that travel through the Ft. Lauderdale-Hollywood International Airport, which is less than one mile away. In addition, Port Everglades – one of the top three cruise ship ports in the world – is less than two miles away.
Learn more about Wyndham Garden Ft. Lauderdale Airport & Cruise Port here.
Icaria on Pinellas
Fortune Fund II made a $12,500,000 investment in Icaria on Pinellas, a 236-unit garden style apartment community in Tarpon Springs, Florida.
Icaria on Pinellas offers offers one-, two- and three-bedroom units, priced in line with the current rental rates of the market area. The Project’s apartment units are housed in five, three- and four-story garden style buildings.
Common area amenities include a resort-style clubhouse, fitness center, secure bicycle storage/repair room, a resort-style swimming pool, and direct access to the Pinellas Trail, a 38-mile walking/biking trail.
Learn more about Icaria on Pinellas here.
Ecco on Orange
Fortune Fund II made a $14,000,000 investment in the Ecco on Orange, a 300-unit apartment community located just south of Orlando, Florida’s downtown central business district. The project consists of a single five-story building, wrapped around a 530-space parking garage.
The Project features a rooftop pool, state-of-the-art fitness center and extensive amenities. The Project also contains a multi-level lobby complete with a cyber café, and expansive resident lounge and game room. The design of the building provides for two interior courtyards which feature lush landscaping, community gathering areas and amenities.
Learn more about Ecco on Orange here.
TRU by Hilton Ft. Lauderdale Airport
Fortune Fund II made a $5,500,000 investment in the TRU by Hilton Ft. Lauderdale Airport, a 115-room hotel to be located in Dania Beach, Florida.
The Project is located on Federal Highway and is less than a mile from the Fort Lauderdale – Hollywood International Airport and two miles from Port Everglades.
Major demand drivers for the Project are the expansions of both the airport and the port. A $2.4 billion airport expansion is currently underway, and as a result the airport is expected to handle 35 million passengers annually by 2020. The port expansion is ongoing and is projected to bring an additional 7,000 new jobs to the area over the next 15 years.
Learn more about TRU by Hilton Ft. Lauderdale Airport here.
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