Traff served as VP at Madison Marquette for the past eight years where she focused on the retail leasing of mixed-use lifestyle centers, grocery-anchored shopping centers and ground-up development.

Halstatt Real Estate Partners of Naples, FL is working with Development Ventures Group and InTown Group to build the 23-story tower, which will include 188-units for a total of 537 beds.

The team, led by David Beshears, brings a 25-year track record and will focus on a wide variety of property types, primarily in Florida and the Southeast.

The acquisition marks FCP's 12th Florida investment, including previous multifamily, commercial and mezzanine acquisitions in Orlando, Tampa, Jacksonville and Southeast Florida.