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WASHINGTON, DC-GVA Advantis is currently considering developing or co-developing two projects in Tallahassee and Tampa, both FL, which total $45 million. GVA Advantis has not been active in this sector of the real estate community–until now, that is, after its acquisition by a private equity group headed by local real estate executive Jeff Neal.

Neal just assumed the chairmanship of the company, as GlobeSt.com reported. “We intend to grow our business by bundling new and existing services together for clients and by entering new markets,” he tells GlobeSt.com.

Besides development, the company intends to become active investors in existing properties, either with or for clients. It is also targeting such secondary and tertiary markets, as Ft. Lauderdale, FL, Savannah, GA, Nashville, and Birmingham, AL, for expansion.

GVA Advantis is not pursuing a particular asset class, such as mixed-use or retail, or a specific geographic region, for its development activities, Neal says. Rather, it will vet likely projects that it runs across in its brokerage and other activities. Most likely, the company will invest with other institutional capital in these deals, while maintaining a controlling interest in the project, he says.

GVA Advantis’ goal is to increase its brokerage transaction volume by 300% over the next three years by bundling its expanded list of services and its reach into new markets. Other goals it has set include expanding property management to 100 million sf and growing construction management revenue to $300 million over the next three years. It now has 350 or so people on board; within two to three years Neal expects that number to have doubled. For the moment, he is looking for a CFO. Later, he expects to fill the slot of brokerage president.

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