12 | 28 | 2012
So far this year, TerraCap’s second fund has acquired two hotels in Fort Myers Beach and Bonita Springs, office buildings in north Fort Myers and Bonita Springs, a 196-unit apartment building in Cape Coral and 280 acres that would allow for 1.5 million square feet of development. “With our joint-venture partners, we have acquired about $32 million worth of assets in nine transactions and those transactions were either note acquisitions or bank properties,” Hagenbuckle says.
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