Tropical Manor apartment complex inMerritt Island, FL
Earlier this year, a partnership comprised of The BolourMovement, a privately-owned affordable housing acquisition anddevelopment company based in Los Angeles, and the Atlanta-basedTriumph Management Group revealed a $5.1-million acquisition of theTropical Manor apartment complex in Merritt Island, FL. GlobeSt.comrecently chatted with Shawn Bolour, principal of the firm, on thestate of affordable housing in the Orlando area and in the state ofFlorida, as well as the unique set of circumstances that were justright on this particular deal.
The 85-unit, Project-Based Section 8 affordable housing complexat 1165 Jordan Rd. is situated on an eight-acre site in the heartof Merritt Island. As part of the renovation plan, the complex willbe renamed Coral Chase Apartments. According to Bolour, thepartnership will create a secure and appealing living environmentfor current and new tenants at Coral Chase by investingapproximately $2 million in upgrades. It has engaged AtlantaFinancial Group to execute the rehabilitation and they will overseeextensive interior and exterior renovations, including new roofingand plumbing systems.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
