ATLANTIC AMERICAN OPPORTUNITIES FUND III
Atlantic American Opportunities Fund III raised $45,000,000 from 90 EB-5 investors, creating a diversified portfolio of six assets, including two select service hotels, three multifamily residential rental apartment communities and an assisted living/memory care facility.
Opportunities Fund III made a $4,500,000 investment in the development of the Aloft Tampa.
Operating under Starwood Hotels & Resorts’ Aloft brand, the Aloft Tampa is an upscale, select service hotel located in downtown Tampa, Florida. The brand is most notable for its modern architecture design style, with unique technical aspects and an atmosphere that encourages socialization.
The hotel offers 130 guest rooms and features a café‐style food and beverage venue, an outdoor swimming pool, a fitness room, a business center and 3,000 square feet of meeting space. Located along the Hillsborough River and the new Tampa Riverwalk, Aloft Tampa is within walking distance of the University of Tampa, Tampa Convention Center, University of South Florida’s new CAMLS (Center for Advanced Medical Learning and Simulation) facility, Tampa Times Forum, Tampa Center for the Performing Arts, Tampa History Museum, Curtis Hixon Park, Florida Aquarium, the Port of Tampa, as well as the numerous office buildings of downtown Tampa.
Learn more about the Aloft Tampa here.
Marriott Residence Inn Orlando Downtown
Opportunities Fund III made a $7,000,000 investment in the Residence Inn Orlando Downtown.
Operating under Marriott International’s Residence Inn brand, the Residence Inn Downtown Orlando is an extended stay hotel that offers 138 guest rooms, a ground floor lobby, indoor swimming pool, fitness room, approximately 4,000 square feet of commercial retail space and a parking garage.
The Project is located at the southwest corner of Orange Avenue and Colonial Drive and involved the demolition of an existing, vacant two-story office building and the development of a new eight-story building that houses the Project. The Project is an example of repurposing currently underutilized land for a positive, job-creating use that benefits the entire downtown Orlando market.
Learn more about the Residence Inn Orlando Downtown here.
Opportunities Fund III made a $7,500,000 investment in the development of Channelside, a class “A” multi-family apartment complex located in South Fort Myers, Florida.
The multifamily residential rental apartment community consists of approximately 325 apartment units, housed in five, three-story buildings. The property offers amenities including a resort-style pool, a community clubhouse, a fitness center, a dog park, and a business center.
Learn more about Channelside here.
Opportunities Fund III made a $10,000,000 investment in The Nolen, a class “A” multi-family rental apartment located in Clearwater, Florida.
The property includes 257 apartment units, 10,000 square feet of ground-floor retail/commercial space and 23,000 square feet of amenity/common area space.
Amenities include a resort-style clubhouse and pool, BBQ pavilion, fitness center, dog park, and amphitheater, as well as extensive park space. The unit mix and amenities directly targets the young professional urbanite that desires to live in walking distance to the social, cultural, economic and recreational opportunities available in urban settings and contributes to a city’s livelihood after normal business hours.
Learn more about The Nolen here.
The Cabana at Jensen Dunes
Opportunities Fund III made a $7,500,000 investment in The Cabana at Jensen Dunes, a senior housing project located in Jensen Beach, Florida.
The Cabana at Jensen Dunes offers 73 assisted living units and 53 memory care/dementia units, providing care for elderly residents in an “aging-in-place” facility. The Project includes multi-use open areas, including cafes, a fitness center, dining and other common area elements.
The Cabana is an innovative answer to the need for affordable assisted living and memory care services. The philosophy is simple: everyone deserves the respect and dignity of an uplifting and sustaining lifestyle, one that fosters empowerment in life’s later years. With that in mind, The Cabana at Jensen Dunes takes a holistic, mind-body-spirit approach designed to address the Six Keys to Living Well: Social, Financial, Spiritual, Physical, Mental / Intellectual and Emotional.
Learn more about The Cabana at Jensen Dunes here.
Opportunities Fund III made a $8,500,000 investment in Estero Oaks, a class “A” multifamily residential rental apartment community located in the Estero suburb of Ft. Myers, Florida.
Estero Oaks consists of 280 apartment units, housed in seven, three-story buildings. The property’s amenities include a resort-style pool, a community clubhouse, a fitness center, dog park, and social areas. The center of the community is a large lake, providing a majority of the residential units with peaceful water views.
Learn more about Estero Oaks here.
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