825 Collins Ave, Miami, FL
VMD spearheaded the acquisition of 825 Collins Ave in South Beach, Miami in a collaboration with Federated Companies. This location is in a very high barrier to entry corridor abutting Barneys New York.
The arduous acquisition consisted of a 15 unit condo assemblage and a Board Resolution Agreement to be executed in order to secure a fee simple acquisition. VMD and Federated acquired the asset well below replacement cost and exited their respective interests to Thor Equities.