Developer Shifts Gears from Rehab to New Construction

MIAMI-National Rehab Properties Inc. will ask stockholders at the Sept. 12 annual meeting for approval to change the company name to National Residential Properties Inc.

By Harold Kelman | Updated on August 29, 2000

National Rehab Properties Inc. wants a new name to fit its new responsibilities. The company will ask stockholders at the Sept. 12 annual meeting for approval to change its name to National Residential Properties Inc.

The new name will better reflect present operations, according to Richard Astrom, president and CEO of the Miami-based firm. The company is shifting from rehabilitating older properties to totally new construction.

Current ventures include three 60-unit apartment projects: Granada Grand and Conquistador Plaza in Miami, and Costa Del Sol on Bay Harbor Island. The firm is also developing Eagle Trace, a gated-community subdivision in Vero Beach, FL.

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