THE ALTMAN COMPANIES AND MATTONI GROUP COMPLETE THE SALE OF

ALTÍS LUDLAM TRAIL, LOCATED IN MIAMI-DADE, FL

MIAMI (July 13, 2023) – The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is excited to announce the successful sale of Altís Ludlam Trail. This mixed-use, six-story apartment building, located in Miami-Dade, has been acquired by GID, a prominent real estate owner and fiduciary known for investing in diverse asset classes. Altís Ludlam Trail, which was developed in collaboration with MV Real Estate Holdings and The Mattoni Group, is situated on approximately 3 acres of land.

“The Altman Companies are proud to have developed Altís Ludlam Trail into a premier residential community designed to take advantage on the special location along the new Ludlum Trail.,” said Seth Wise, CEO of The Altman Companies. “We are thrilled to transition ownership to such an esteemed organization as GID. This transaction continues a long and successful relationship with GID.

Altís Ludlam Trail has been highly regarded for its innovative design, luxurious amenities, and vibrant live-work-play environment. The community offers an array of Class-A amenities, including a rooftop resort-style pool, fully amenitized pool deck with fabulous views of the Miami skyline, and a rooftop clubhouse with a media room, fitness center, and coffee bar. Additional features include lots of “work from home” workspace with high-speed internet access, a synthetic turf gaming area, and a hammock garden. Altís Ludlam Trail is also a pet-friendly community, with an indoor air-conditioned dog grooming spa and a bark park conveniently located adjacent to the new Ludlam Trail, allowing residents to enjoy quality time with their furry companions.

“GID aims to create thriving communities where people feel truly cared for through our in-house property management company, Windsor Communities. With its prime location and top-notch amenities, Altís Ludlam Trail presents an exciting opportunity within the Miami-Dade market,” said Greg Bates, President and CEO of GID. “The Altman Companies are known for their commitment to excellence and high standards, and we will continue to prioritize and elevate that level of experience at Altís Ludlam Trail.”

Situated in the Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail comprises 312 ultra-luxe apartments with an average unit size of 820 square feet. Developed in partnership with MV Real Estate Holdings and The Mattoni Group, the property occupies approximately 3 acres of land. Altís Ludlam Trail is National Green Building Standard (NGBS) certified, incorporating sustainable initiatives such as energy-efficient designer lighting, ENERGY STAR® appliances, individual unit electric meters, sub-metered water, high-efficiency water heaters, and programmable thermostats with humidistat. The community also features electric car charging stations, promoting green energy and sustainability.

“We are delighted to have partnered with The Altman Companies in the development of Altís Ludlam Trail, an exceptional community that combines luxury living with sustainability,” said Ricardo Caporal, President of The Mattoni Group. “Our shared vision has come to life in this project, and we are proud to have been a part of creating a truly remarkable residential experience for the residents.”

“We are so proud to have worked on this legacy project that helped shape the future for the entire Ludlam Trail masterplan,” said Alex Mantecon of MV Real Estate. “It has been amazing to collaborate with our partners on Altís Ludlam Trail and we are excited for more transformational development to take place in this area as we continue to make a lasting impact along the Ludlam Trail.”

In addition to the residential component, Altís Ludlam Trail offers 7,500 square feet of retail space. Its prime location is less than a mile from the Palmetto Expressway, two miles from the University of Miami, and three miles from Coral Gables. Additionally, Altís Ludlam Trail will be under the management of Windsor Communities, a nationally recognized property management company.

For an appointment or for more information on The Altman Companies, please visit www.altmancos.com.

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About The Altman Companies: The Altman Companies, a wholly-owned subsidiary of BBX Capital Real Estate, is engaged in the development, construction, and management of market rate and affordable multifamily apartment communities. Since 1968, The Altman Companies has developed, constructed, acquired, and managed over 27,000 multifamily units throughout the United States, including communities in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina.  The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís and Altra brands with resort-style amenities and high-touch services, delivering with it ‘Exceptional Living Experiences’ for its residents. In the last 5 years, The Altman Companies has opened eleven new apartment communities, with seven in South Florida, including Altís Bonterra, Altís Boca Raton, Altís Pembroke Gardens, Altís Miramar, Altra Miramar, Altís Little Havana, and Altís Ludlam Trail and five in Central Florida – Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Odessa. Today, The Altman Companies has a number of communities under construction or in the pipeline throughout Florida, including Altís Grand Lake Willis and Altis Twin Lakes in Orlando, Altís Grand Suncoast in Northwest Tampa, Altís Santa Barbara in Naples, Altís Blue Lake in Lake Worth, and one in Miami metro area – Altra Kendall.  Known for its development of exceptional apartment living, The Altman Companies has been a leader in the rental apartment field and has been recognized as the South Florida Developer of the Year by the South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com. 

About BBX Capital Real Estate: BBX Capital Real Estate is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for-sale housing communities, and commercial properties located primarily in Florida. BBX Capital Real Estate owns The Altman Companies and BBX Logistics Properties.

About BBX Capital, Inc.: BBX Capital, Inc. is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.

About GID: GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 52,000 multifamily units and over 27M square feet of industrial and commercial space of assets under management. The company also launched a credit platform in 2022 that aims to provide commercial real estate debt solutions for institutional borrowers. 

With corporate offices in Atlanta, Boston, Dallas, New York City, and San Francisco, GID employs over 1,200 real estate professionals and operates an expansive portfolio of existing and under-development properties valued at over $29.71 billion as of March 2023. For more information, visit www.gid.com.

About The Mattoni Group: The Mattoni Group is a private equity real estate investment firm specializing in placing equity and debt with experienced operating and development partners working on transformative projects. The company has a strong focus on sustainable and impactful real estate ventures. For more information, please visit www.mattonigroup.com.

MV Real Estate Holdings: Founded in 2008 by Alex Mantecon and Guillermo Vadell, MV Real Estate Holdings, LLC (“MVREH”) is a multifaceted real estate investment and development firm specializing in the acquisition and development of complex and unique projects. With over 200 transactions since its inception, MVREH has distinguished itself with marquee projects within downtown Miami (the East Coast Building, The Wharf Miami) and multiple real estate projects along the Ludlam Trail. MVREH’s portfolio includes holdings across multiple asset classes including self-storage, multifamily, and hospitality. 

Media Contact:

Kip Hunter Marketing

Nicole Lewis (c: 305-803-9177), Nicole@kiphuntermarketing.com

Kip Hunter (c: 954-303-5551), Kip@kiphuntermarketing.com

The Altman Companies Announces Venture to
Develop Altis Twin Lakes in Orlando, Florida

FORT LAUDERDALE, Florida – June 2, 2023 — The Altman Companies, a wholly-owned subsidiary of BBX Capital Real Estate and BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), announced today that BBX Capital Real Estate and The Altman Companies had formed a joint venture with affiliates of Harbor Group International, LLC (“HGI”), a privately owned international real estate investment and management firm, to develop Altis Twin Lakes, in Orlando, Florida.
Altis Twin Lakes is planned to be a 346-unit luxury multifamily apartment community consisting of thirteen three- and four-story residential buildings offering one-, two- and three-bedroom units with an average size of over 1,000 square feet. The community will be located approximately twenty miles south of downtown Orlando, and its location will offer residents convenient access to Orlando’s major employment, retail, and entertainment hubs due to its proximity to US-441 (Orange Blossom Trail), Osceola Parkway, and Florida’s Turnpike. The Altman Companies expects construction of Altis Twin Lakes to commence in June 2023 and be completed in 2025.
“Harbor Group International is a leading global real estate investment and management firm,” commented Seth Wise, CEO of The Altman Companies and President of BBX Capital Real Estate. “We are excited to partner with such an esteemed group to bring another dynamic multifamily community to Orlando.”
“As economic headwinds continue to impact the market, we see an opportunity to collaborate with experienced development partners with local market knowledge to execute on attractive investment opportunities,” said Richard Litton, President of HGI. “We look forward to partnering with The Altman Companies to capitalize on Orlando’s strong in-migration trends and provide well-located housing that offers access to employment opportunities and lifestyle drivers.”
In connection with the formation of the joint venture with HGI, a consolidated subsidiary of BBX Capital Real Estate that is owned by BBX Capital Real Estate and affiliates of The Altman Companies contributed $3.6 million to the venture with HGI and currently expects to contribute an additional $2.8 million to the venture based on its share of the estimated total development costs.
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About The Altman Companies: The Altman Companies, a wholly-owned subsidiary of BBX Capital Real Estate, is engaged in the development, construction, and management of multifamily apartment communities. Since 1968, The Altman Companies and its predecessors have developed, constructed, acquired, and managed over 27,000 multifamily units throughout the United States, including communities in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís and Altra brands with resort-style amenities and high-touch services, delivering with it ‘Exceptional Living Experiences’ for its residents. For more information on The Altman Companies, visit www.Altmancos.com.

About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida. BBX Capital Real Estate owns The Altman Companies and BBX Logistics Properties. For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.

BBX Capital, Inc. Contact Info:
Media Relations Contact:
Kip Hunter, Kip Hunter Marketing
954-303-5551, Email: kip@kiphuntermarketing.com

Investor Relations Contact:
Leo Hinkley, Managing Director, Investor Relations Officer
954-940-5300, Email: LHinkley@BBXCapital.com

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This press release contains forward-looking statements. Forward-looking statements are based largely on current expectations of BBX Capital, Inc. (the “Company”) and involve a number of risks and uncertainties. The forward-looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These risks and uncertainties include, but are not limited to, the risk that Altis Twin Lakes will not be developed as currently planned or anticipated; risks related to the development, including that costs may be greater than anticipated and that development may take longer than anticipated; the risk that the Company’s cash contributions to the joint venture formed to invest in the development may be greater than anticipated; risks associated with the construction loan related to the development, including that proceeds will be available to pursuant to its terms; the risk that the Company’s investment in the joint venture may not achieve the returns anticipated or be profitable; and other economic, competitive and other risks relating to real estate and real estate development. Reference is also made to the other risks and uncertainties described in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, and the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which are available on the SEC’s website, https://www.sec.gov, and on the Company’s website, www.BBXCapital.com. The Company cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made.

THE ALTMAN COMPANIES CLOSES THE CONSTRUCTION LOAN AND COMMENCES CONSTRUCTION ON ALTÍS GRAND LAKE WILLIS PHASE II IN ORLANDO, FLORIDA
The community will feature 230 upscale garden-style apartment homes
accompanied by Class A amenities.

Orlando, Fla. (March 8, 2023) – The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, announced today that it has closed on a $41,217,000 construction loan with Comerica Bank on Altís Grand Lake Willis Phase II in Orlando. The development, in partnership with institutional investors advised by J.P. Morgan Global Alternatives, is in the heart of South Orlando’s employment corridor with proximity to I-4 and theme parks.

“We are excited to be able to move forward on this exceptional community,” said Seth Wise, CEO of The Altman Companies. “For over 54 years, The Altman Companies has developed rental communities that have redefined the Exceptional Living Experience in Florida and across the country. We are very proud to be able to build this refined, amenity-rich community.”

Altís Grand Lake Willis Phase II is adjacent to another Altman Development, Altís Grand Lake Willis, which broke ground in the Fall of 2021. Altís Grand Lake Willis Phase II is a 230-unit, multi-family community located in the heart of South Orlando, which will include 6 residential buildings with a stand-alone Clubhouse. The Development is planned connectively to the surrounding Class A+ retail, driving demand. The community will include 420 parking spaces and 30 detached garage spaces. Altís Grand Lake Willis Phase II will provide residents with six unique floor plans across six buildings on just over 9 acres. Exceptionally appointed, one-, two-, and three-bedroom apartment homes will be offered. The spacious floorplans come with 42” inch cabinets, state-of-the-art finishes, and stainless steel, energy-efficient appliances. Wood vinyl flooring is standard throughout the community.

Altís Grand Lake Willis Phase II was planned to achieve the highest living standards, with a resort-style amenity package, including a state-of-the-art 5,225 square-foot clubhouse with 24-hour fitness center, oversized mail kiosk, beach entry heated pool adorned with fountains, lounge chairs, grilling stations, and a fire pit, as well as one-of-a-kind recreational seating areas.

Altís Grand Lake Willis Phase II is a pet-friendly community, offering a pet park with a gated, off-leash area for residents to bond and play with their pets. The community will also be equipped with 24/7 package delivery through Fetch and dry-cleaning pickup station for residents’ convenience.

Altís Grand Lake Willis Phase II is National Green Building Standard (NGBS) certified. Its sustainable initiatives will include 100% energy-efficient designer lighting, ENERGY STAR® refrigerators and dishwashers, high-efficiency water heaters and sub-metered water, and car charging stations.

Convenience and prime location are a high priority within the development plan, allowing easy access in all directions to major employment centers, downtown Orlando, theme parks, and the Orlando International Airport. Altís Grand Lake Willis Phase II is adjacent to Vineland Pointe, a brand new, three-phase 450,000 retail shopping and entertainment center. Furthermore, the site is a five-minute walk from the Orlando Vineland Premium Outlets, which encompasses 657,000-square feet of retail space and 160 stores with over 13 million annual visitors.

“This transaction and the construction of this community mark yet another significant development for The Altman Companies as we develop this exceptional Class A community in Orlando,” added Seth Wise, CEO of The Altman Companies. “We are delighted to be working with Comerica Bank and J.P. Morgan Global Alternatives as our partners in this community and to continue to deliver a new standard of luxury, exceptional services, and exclusive amenities to the Orlando area.”

To learn more about Altís Grand Lake Willis Phase II, please visit https://altmancos.com.

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About The Altman Companies: Since 1968, The Altman Companies has developed, constructed, acquired, and managed over 27,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís brand with resort-style amenities and high-touch services, delivering with it ‘Exceptional Living Experiences’ for its residents. In the last 5 years, The Altman Companies has opened eleven new apartment communities, with seven in South Florida, including Altís Bonterra, Altís Boca Raton, Altís Pembroke Gardens, Altís Miramar, Altra Miramar, Altís Little Havana, and Altís Ludlam Trail and five in Central Florida – Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Odessa. Today, The Altman Companies has several communities under construction or in the pipeline throughout Florida, including Altís Grand Lake Willis in Orlando, Altís Grand Suncoast in Northwest Tampa, Altís Santa Barbara in Naples, Altís Blue Lake in Lake Worth, and one in Miami metro area – Altra Kendall. Known for its development of exceptional apartment living, The Altman Companies has been a leader in the rental apartment field and has been recognized as the South Florida Developer of the Year by the South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About J.P. Morgan Global Alternatives and J.P. Morgan Asset Management – Real Estate Americas: J.P. Morgan Asset Management – Real Estate Americas is the U.S. real estate investment platform of J.P. Morgan Global Alternatives. With US$73 billion (Gross Asset Value as of September 30, 2022) in assets under management and 180 professionals, the platform offers real estate strategies that span from core to opportunistic and across debt and equity. J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 50 years as an alternative investment manager, US$216 billion in assets under management, and more than 800 professionals (as of September 30, 2022), J.P. Morgan offers strategies across the alternative investment spectrum, including real estate, private equity, private credit, hedge funds, infrastructure, transportation, timber and liquid alternatives. Operating from offices throughout the Americas, Europe, and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources, and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information, visit jpmorgan.com/am.

Media Contact:
Kip Hunter Marketing
Nicole Lewis | 305.803.9177 | Nicole@kiphuntermarketing.com
Kip Hunter | 954.303.5551 | Kip@kiphuntermarketing.com

THE ALTMAN COMPANIES BREAKS GROUND ON ALTRA KENDALL IN MIAMI
The community will feature 342 ultra-luxe apartments accompanied by Class-A amenities.

Kendall, FL (November 29, 2022) – The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, announced today it has closed on the land and construction loan for Altra Kendall, a Luxury Midrise Apartment Community in Miami. The property, located in the heart of Kendall at 9501 SW 137th Avenue, will be near Baptist Health Facilities, Zoo Miami, Gold Coast Railroad Museum, and multiple shopping areas.

“We are excited to begin construction on Altra Kendall,” said Joel Altman, Chairman & co-CEO of The Altman Companies. “For over 53 years, The Altman Companies has developed a portfolio of rental communities that have delivered an Exceptional Living Experience to our residents in Florida and across the country, and we are very proud to begin the development of another upscale, amenity-rich community in Kendall.”

Altra Kendall will be a Class A, 342-unit luxury 6-story mid-rise apartment community, with elevator access, featuring a mix of 1, 2, and 3-bedroom apartment homes with beautifully appointed interiors outfitted with designer finishes and details. Altra Kendall apartment homes will include spa-inspired bathrooms equipped with dual sink vanities, a soaking tub, clear glass shower enclosures, and porcelain tile on the bathroom walls. In addition, the spacious floorplans will come complete with quartz countertops, wood-grain cabinets, porcelain backsplashes, upgraded stainless steel energy-efficient appliances, and front-loading washers and dryers.

Altra Kendall will redefine the highest living standards by bringing residents an “Exceptional Living Experience.” Residents will enjoy an exclusive membership to The Club that allows direct access to a 24/7 fitness center and yoga room, a café lounge with a coffee station, two business centers, a co-working area with a conference room, and a virtual high-tech game room. Additional exclusive amenities will include a resort-style swimming pool surrounded by cabanas and a pavilion with a cooking area that will be the perfect place to unwind and soak up the sun. More amenities include a steam room, and a spa-like wellness treatment room, offering residents the perfect spot to relax and recharge.

Altra Kendall is a pet-friendly community with a gated, off-leash dog park to allow residents to bond and play with their pets. The community will also feature a tot-lot (playground). In addition, Altra Kendall provides convenient services like package concierge and dry-cleaning pickup stations to make life easier for residents.

Altra Kendall will be Florida Green Building Coalition certified. Its sustainable initiatives will include 100% energy-efficient designer lighting, ENERGY STAR® refrigerators and dishwashers, a high-efficiency water heater, sub-metered water stations, and electric car charging stations.

Convenience and prime location are high priorities within the development plan, allowing easy access in all directions with frontage on 137th Avenue. Altra Kendall’s location offers proximity to an abundance of attractions, retail, restaurants, entertainment, schools, and major employment centers. The expansion of West Kendall Baptist Hospital and FIU, along with other retailers, will also increase demand.

“This development marks another significant achievement for The Altman Companies as we develop this exceptional new concept, Altra Kendall, in Miami-Dade County,” added Seth Wise, co-CEO of The Altman Companies.

Altra Kendall will have its first units delivered in the Summer of 2024. To learn more about Altra Kendall, please visit https://altmancos.com.

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About The Altman Companies: Since 1968, The Altman Companies has developed, constructed, acquired, and managed over 27,000 multifamily homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís brand with resort-style amenities and high-touch services, delivering with it ‘Exceptional Living Experiences’ for its residents. In the last five years, The Altman Companies has opened eleven new apartment communities with six in South Florida, including Altís Bonterra, Altís Boca Raton, Altís Pembroke Gardens, Altís Miramar, Altra Miramar, and Altís Little Havana; and five in Central Florida – Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Odessa. Today, The Altman Companies has several communities under construction or in the pipeline throughout Florida, including Altís Grand at Lake Willis in Orlando, Altís Suncoast and Altís Wiregrass Square in Northwest Tampa, Altís Santa Barbara in Naples, Altís Blue Lake in Lake Worth and two in Miami metro area – Altís Ludlum Trail and Altra Kendall. In addition, the company has opened an Atlanta office with plans for developments in Georgia, North Carolina, South Carolina, and Tennessee. Known for its development of exceptional apartment living, The Altman Companies has been a leader in the rental apartment field and has been recognized as the South Florida Developer of the Year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate: BBX Capital Real Estate, a division of BBX Capital, is engaged in the acquisition, development, construction, ownership, financing, and management of the real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for-sale housing communities, and commercial properties located primarily in Florida. BBX Capital Real Estate also has an approximate 50% ownership interest in The Altman Companies, which includes membership interests in Altman Development Company, Altman-Glenewinkel Construction, and Altman Management Company.

About BBX Capital, Inc.: BBX Capital, Inc. is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.

Media Contact:
Kip Hunter Marketing
Sarah Caro | 863-599-0109 | Sarah@kiphuntermarketing.com

Fort Lauderdale, Fla. (November 1, 2022) – The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, hosted its inaugural Artist in Residency event benefiting Nicklaus Children’s Hospital on Wednesday, October 26th for the residents of Altís Ludlam Trail, a mixed-use, six-story apartment building in Miami. The “Wine and Design” event was led by the internationally acclaimed pop artist, Hector Prado, who was recently named the Artist in Residency at Altís Ludlam Trail, by The Altman Companies earlier this year.

During the event, Prado shared artist tips and inspiration with the residents who painted and decorated face masks while sharing stories about his experience as an artist working abroad. The 24 completed masks were then donated to the Nicklaus Children’s Hospital Foundation in addition to 6 blank masks and paint supplies so kids could paint and create their own masks.

“Our goal is to always discover and provide our residents with unique and exceptional living experiences,” said Seth Wise, co-CEO of The Altman Companies. “It’s engaging events just like this, that also benefit an organization doing such important work, that make our properties so special. While our residents were thrilled to learn from a prominent artist who has been chosen to exhibit at the Louvre in Paris next year, they were more excited to create and donate these masks so the children of the Nicklaus Children’s Hospital could enjoy a fun and memorable Halloween.”

Prado’s artwork is recognized internationally by collectors and corporate brands around the world. Born and raised in Colombia, his work has garnered much critical acclaim, earning recognition at events such as the Cannes Festival, One Show, London Awards, Clio Awards, New York Festivals, Emmy Awards, and a special award for his artwork for Steven Spielberg’s HBO series “The Pacific.”
Located at the newly created Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail consists of 312 ultra-luxe apartments with an average unit size of 820-square feet with 7,500-square feet of retail space facing the well-travelled Bird Road. Residents of Altís Ludlam Trail enjoy a variety of Class-A amenities including a rooftop resort-style pool, a pool deck with pavilions and BBQ grills, a rooftop clubhouse with a media room, a fitness center and a coffee bar. The community features workspace stations equipped with high-speed internet access, a synthetic turf gaming area, and a hammock garden. For more information about Altís Ludlam Trail, please visit www.altisludlamtrail.com.

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About The Altman Companies: Since 1968, The Altman Companies has developed, constructed, acquired, and managed over 27,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís brand with resort-style amenities and high-touch services, delivering with it ‘Exceptional Living Experiences’ for its residents. In the last 5 years, The Altman Companies has opened eleven new apartment communities with six in South Florida including Altís Bonterra, Altís Boca Raton, Altís Pembroke Gardens, Altís Miramar, Altra Miramar and Altís Little Havana; and five in Central Florida – Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Odessa. Today, The Altman Companies has several communities under construction or in the pipeline throughout Florida, including Altís Grand at Lake Willis in Orlando, Altís Suncoast and Altís Wiregrass Square in Northwest Tampa, Altís Santa Barbara in Naples, Altís Blue Lake in Lake Worth and two in Miami metro area – Altís Ludlum Trail and Altís Kendall Baptist. The company has opened an Atlanta office with plans for developments in Georgia, North Carolina, South Carolina, and Tennessee. Known for its development of exceptional apartment living, The Altman Companies has been a leader in the rental apartment field and has been recognized as the South Florida Developer of the Year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.
About BBX Capital Real Estate: BBX Capital Real Estate, a division of BBX Capital, is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida. BBX Capital Real Estate also has an approximate 50% ownership interest in The Altman Companies, which includes membership interests in Altman Development Company, Altman-Glenewinkel Construction and Altman Management Company.
About BBX Capital, Inc.: BBX Capital, Inc. is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.

Media Contact:
Kip Hunter Marketing
Sarah Caro | 863-599-0109 | sarah@kiphuntermarketing.com

For years, The Altman Cos. has had a keen view of the changing South Florida rental market, which has included a demand for Class A apartment living for young families, professionals, and retirees.

For Altman, it’s about location. Altis Blue Lake’s proximity to employment hubs and lifestyle destinations will attract all renter types with workforce and market-rate housing.

The $81.4 million luxury community – now under construction and slated for delivery in the third quarter of 2023 – will feature 318 units across 12 buildings on 24 acres. Amenities will include private entry and direct access garage options.

Altman’s “exceptional living experience” brand of amenities will include a 6,000-square-foot clubhouse, resort-style swimming pool and cabanas with grilling stations. Membership to The Club within the community will offer access to a fitness center, a Starbucks cybercafe, workspace lounges, a private conference room and a game room.

The pet-friendly community will have an indoor, air-conditioned dog grooming spa, a multipurpose trail and a pet park with a gated, off-leash area. It will also have a hobby/craft room and an automated package and dry-cleaning pickup station.

Altis Blue Lake will be certified by the Florida Green Building Coalition, and its sustainable initiatives will include 100% energy-efficient designer lighting, select Energy Star or high-efficiency appliances, sub-metered water stations and electric car charging stations.

Wearing many hats doesn’t need to stop you from enjoying family time

September 20, 2022 by Drew Limsky

Fort Lauderdale-based Seth Wise is the quintessential financial achiever, with his fingers in plenty of pies: As if it weren’t enough to serve as the co-chief executive officer of the Altman Companies (which has built more than 26,000 rental apartments) and president of BBX Capital Real Estate, he’s also on the board of Bluegreen Vacations (a fractional vacation ownership concern listed on the New York Stock Exchange) and a member of the Forbes Real Estate Council.

Born in Washington, D.C., Wise earned a bachelor of science degree in finance at the University of Florida, and his is a true South Florida success story—throughout his career, he has managed approximately $3 billion of real estate assets in various classes—but, like many successful businesspeople in a region that offers peerless quality of life, Wise has taken stock of his priorities during the pandemic era, welcoming working from home, a third dog, getting in shape and being home for dinner. He sounds like a man at ease, despite his myriad responsibilities.

Who was the best mentor you’ve ever had?

I’ve been blessed with two mentors, Alan Levan [chairman of BBX Capital Corporation] and [vice chairman of BBX Capital] John Abdo, who has been his partner for the last 40 years.

What was their mentorship style? Did you learn based on observations and osmosis, or was it more direct?

It was both. I’ve been working with both of them since 1996, so I’ve had the opportunity to observe how they’ve handled themselves in times of extreme challenge and stress. The ability to observe how they’ve conducted themselves with high integrity … it’s kind of remarkable. People don’t believe this, but in the years that we’ve been together, I don’t think I can remember a time where anybody raised their voice or blamed somebody. Alan Levan, Jack Abdo, [president and CEO of BBX Capital] Jarett Levan and myself have worked together closely for all that time, and it’s really just been about, how do we solve a problem when it comes up, not whose fault, or how did this happen? The mentorship has been about maintaining a calmness even in the face of crisis that allows you to tackle the problem and not get lost in the emotion.

In terms of sending the elevator back down, so to speak, do you find yourself being a mentor to the next generation?

We have lots of young, energetic hungry folks that work with us, and I do my very best to spend time with them. For example, at the Altman Companies, we have a group that we meet with generally once a month, and we talk about their careers and how important they are. We have summer interns and I try to spend a bunch of time with them. So, yes, I try very hard to pay that forward.

What is Harvard’s President’s Program in Leadership that you were involved with as a group leader for 11 years? What is that, exactly?

So, Harvard and the Young Presidents’ Organization put a program together, where members of WPO can attend Harvard Business School and be taught by MBA professors for one week a year. I was introduced to the program, actually by Alan, and I fell in love with it. Your cohort is other WPO members—so you’re learning as much as from your peers as from your professors. Over 11 years, we probably did more than 180 different Harvard Business School case studies. I find myself referring back to those as we’re running the business.

Were there any case studies that made a particular impact?

There’s a quote that has stuck with me for years—maybe I heard it seven or eight years ago, and it comes from Sheryl Sandberg, from one of the case studies that we did. It’s about leadership: “Leadership is about making others better as a result of your presence and making sure that impact lasts in your absence.” So, it kind of goes to the question of mentorship and giving people the benefit of your knowledge and experience, but doing it in a way that teaches them to fish, as opposed to giving them fish.

When you’re juggling roles at various entities that must take so much of your time, do you think about work/life balance?

[Laughs.] Yeah, it’s a good question and I’m not sure if I’ve figured that out. COVID has allowed us to work from home for a long period of time. I have three kids—one who’s going into his sophomore year in college, one who’s going into his senior year of high school, and one going into high school—so, it was a blessing to be home when my kids are at that age. In terms of work-life balance, one of the things that COVID has awoken me to is the value of being home for dinner with my family. So, I’ve made a concerted effort to try to reduce the commitments I’ve make for dinner and cocktail events so I can be home.

Photo by Brett Hufziger

HECTOR PRADO SELECTED FOR THE ALTMAN COMPANIES’
“ARTIST IN RESIDENCY” PROGRAM AT ALTÍS LUDLAM TRAIL IN MIAMI
The program will provide Prado with a rent-free apartment for one-year and the chance to create and display his art on-site and engage with residents at monthly artistic events.

MIAMI (August 29, 2022 ) – The Altman Companies, a Boca Raton-based nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that it has selected internationally acclaimed pop artist Hector Prado for its “Artist in Residency” Program at Altís Ludlam Trail, a mixed-use, six-story apartment building in Miami. Prado has been chosen to exhibit at the Louvre in Paris next fall 2023 as part of the museum’s “New emerging Masters” Carrucell exhibit.

The Altman Companies’ “Artist in Residency” program provides a practicing South Florida artist with a one-year rent-free apartment with den space to practice and fine-tune their craft. Prado will now have the opportunity to create and display his art on-site and engage with residents through monthly artistic events. The artists are selected for the residency program based on the quality, originality, creativity, workmanship and artistic distinction of their portfolio.

Prado’s artwork is recognized internationally by collectors and corporate brands around the world. Born and raised in Colombia, his work has garnered much critical acclaim, earning recognition at events such as the Cannes Festival, One Show, London Awards, Clio Awards, New York Festivals, Emmy Awards, and a special award for his artwork for Steven Spielberg’s HBO series “The Pacific.”

“We are extremely excited to have an artist of this caliber as our ‘Artist in Residency’ at Altís Ludlam Trail,” said Seth Wise, co-CEO of The Altman Companies. “This will provide an incredible opportunity for Hector while also exposing residents to some of the new and unique artistic experiences that Miami is famous for.”

Prado’s POP Style rises from a momentary impulse without a conscious reflection. Prado puts in every brush stroke vigor, enthusiasm and dynamic movement in order to convey a defining emotion. Prado’s artistic ability is rooted in his longstanding creative challenges with the art of observation, thanks to his award-winning graphic design background. His creative process is not painting images but rather the formation of a diverse explosion of colors and emotions.

Located at the newly created Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail consists of 312 ultra-luxe apartments with an average unit size of 820-square feet with 7,500-square feet of retail space facing the well-travelled Bird Road. Residents of Altís Ludlam Trail enjoy a variety of Class-A amenities including a rooftop resort-style pool, a pool deck with pavilions and BBQ grills, a rooftop clubhouse with a media room, a fitness center and a coffee bar. The community features workspace stations equipped with high-speed internet access, a synthetic turf gaming area, and a hammock garden. For more information about Altís Ludlam Trail, please visit www.altisludlamtrail.com.
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About The Altman Companies: Since 1968, The Altman Companies has developed, constructed, acquired, and managed over 27,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís brand with resort-style amenities and high-touch services, delivering with it ‘Exceptional Living Experiences’ for its residents. In the last 5 years, The Altman Companies has opened eleven new apartment communities with six in South Florida including Altís Bonterra, Altís Boca Raton, Altís Pembroke Gardens, Altís Miramar, Altra Miramar and Altís Little Havana; and five in Central Florida – Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Odessa. Today, The Altman Companies has several communities under construction or in the pipeline throughout Florida, including Altís Grand at Lake Willis in Orlando, Altís Suncoast and Altís Wiregrass Square in Northwest Tampa, Altís Santa Barbara in Naples, Altís Blue Lake in Lake Worth and two in Miami metro area – Altís Ludlum Trail and Altís Kendall Baptist. The company has opened an Atlanta office with plans for developments in Georgia, North Carolina, South Carolina, and Tennessee. Known for its development of exceptional apartment living, The Altman Companies has been a leader in the rental apartment field and has been recognized as the South Florida Developer of the Year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate: BBX Capital Real Estate, a division of BBX Capital, is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida. BBX Capital Real Estate also has an approximate 50% ownership interest in The Altman Companies, which includes membership interests in Altman Development Company, Altman-Glenewinkel Construction and Altman Management Company.

About BBX Capital, Inc.: BBX Capital, Inc. is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.

Media Contact:
Kip Hunter Marketing
Sarah Caro| 863-599-0109 | sarah@kiphuntermarketing.com
Sharon Abramson| 954-655-8821 | sharon@kiphuntermarketing.com

BBX Capital Real Estate, a subsidiary of BBX Capital, Inc.,
Announces the Sale of Altis Miramar and Altra Miramar

FORT LAUDERDALE, Florida – August 2, 2022 — BBX Capital Real Estate, a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB), today announced that its Altis Miramar East/West joint venture had completed the sale of Altis Miramar, a 320-unit multifamily apartment community located in Miramar, Florida, and Altra Miramar, a 330-unit multifamily apartment community adjacent to Altis Miramar. In connection with the closing of the transaction, BBX Capital Real Estate received a net cash distribution of approximately $16.4 million from the joint venture.

The Altis Miramar East/West joint venture was sponsored and formed by The Altman Companies in 2019 to develop Altis Miramar and Altra Miramar. Construction of the communities commenced in 2019 and was substantially completed in 2022. As of March 31, 2022, the carrying amount of BBX Capital Real Estate’s investment in the joint venture was $2.9 million.

About BBX Capital Real Estate: BBX Capital Real Estate, a principal holding of BBX Capital, Inc., is engaged in the acquisition, development, construction, ownership, financing, and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, and commercial properties located primarily in Florida. In addition, BBX Capital Real Estate currently owns a 50% equity interest in The Altman Companies, a developer and manager of multifamily rental apartment communities, and anticipates acquiring an additional 40% of The Altman Companies in 2023. BBX Capital Real Estate also manages the legacy assets acquired in connection with the company’s sale of BankAtlantic in 2012, including portfolios of loans receivable, real estate properties, and judgments against past borrowers. BBX Capital Real Estate also recently expanded its operating platform to include BBX Logistics Properties, which is currently pursuing investment opportunities in the development of warehouse and logistics facilities. For more information, please visit www.BBXCapitalRealEstate.com.

About The Altman Companies: The Altman Companies, a joint venture between BBX Capital Real Estate and Joel Altman, is engaged in the development, construction, and management of multifamily apartment communities. Since 1968, The Altman Companies and its predecessors have developed, constructed, and managed over 26,000 multifamily units through the United States, including communities in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. For more information, please visit www.altmancos.com.

About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.

BBX Capital, Inc. Contact Info:
Investor Relations Contact:
Leo Hinkley, Managing Director, Investor Relations Officer
954-940-5300, Email: LHinkley@BBXCapital.com

Media Relations Contact:
Kip Hunter, Kip Hunter Marketing
954-303-5551, Email: kip@kiphuntermarketing.com

Altman Management Company (AMC), a division of The Altman Companies, is pleased to announce it will now manage Caoba Miami Worldcenter luxury apartments, located within a 27-acre, mixed-use development spanning ten blocks in Downtown Miami. Completed in 2019, Caoba rises 43 stories and includes 444 luxury apartment homes. Caoba, the Spanish word for mahogany, possesses an appropriate balance of fresh indulgence and leisure, providing a living experience that embraces the rich and vibrant textures that surround Miami.

“We are honored and thrilled to add this upscale Miami Highrise to our portfolio of managed communities,” said Seth Wise, co-CEO of The Altman Companies. “With the growing demand for live, work, and play environments in Miami, we look forward to bringing an Exceptional Living Experience to the residents of Caoba Miami Worldcenter that only The Altman Companies can provide.”

Surrounded by all the vitality and convenience that Miami Worldcenter has to offer, Caoba’s 400+ luxury apartment homes redefine urban living through fresh expressions of luxury and leisure. Encompassed by art and culture, Caoba’s luxury studio, one-, two-, and three-bedroom apartment residences range from 511 to 1,272 square feet and leverage their warm and welcoming cues from the design-focused neighborhood. The chef-worthy kitchens at Caoba include quartz countertops, soft-close two-tone cabinets, Daltile backsplashes with mosaic tile, deep sinks with pull-down faucets, and Whirlpool appliances; while the bathrooms at Caoba possess Daltile oversized tiles, built-in cabinets, undermount sinks with Grohe faucets, 5-foot Sterling bathtubs, and Grohe fixtures. Floor-to-ceiling windows, resident controlled heating and cooling systems, USB and keyless entry, oversized matte porcelain tile, and Whirlpool washer/dryer combo are other luxuries offered in each of the living spaces at Caoba. Private balconies are also offered in select apartment homes for residents to take in the Miami city views.

Residents of Caoba enjoy stylish amenities, including a clubroom with a kitchen and oven, a bar and a game room with billiards and foosball tables, a 5,000-square foot fitness center with full sets of weights and cardio equipment, a fifth-floor dog run, resort-style pool with tanning deck and poolside cabanas, BBQ grilling stations, outdoor game lawn, and more. As part of the Miami Worldcenter, Caoba is surrounded by 300,000+ square feet of retail and over 40 Dining, shopping, and entertainment opportunities.

“We are excited to manage Caoba Miami Worldcenter,” said Lee Ann Edwards, President of Altman Management Company. “Caoba Miami Worldcenter is an extraordinary building, and we look forward to bringing the uniquely Altman Exceptional Living Experience to the residents of this luxurious community in Downtown Miami.”

Located at 698 NE 1st Avenue, Caoba is two blocks west of American Airlines Arena and just one block east of the Miami Central train station, home of the Brightline high-speed rail system. By car, Caoba is 10 minutes from Brickell, 15 minutes from South Beach, and 18 minutes from the Miami International Airport. With this urban oasis as their home, residents of Caoba have ample opportunity to live as their heart desires.

For more information on Caoba Miami Worldcenter please visit www.caobamwc.com.

Altman Management Company (AMC), a division of The Altman Companies, will now be managing Yard 8 Midtown, a ultraluxe 387-unit building, featuring studios, 1-, 2- and 3-bedroom units. Yard 8 Midtown is located at 2901 NE 1^st Avenue on the edge of dynamic Wynwood near the Design District in Midtown Miami, Florida.

“We are so pleased to add Yard 8 Midtown to the list of high-end communities that AMC manages in South Florida,” said Seth Wise, co-CEO of The Altman Companies. “This is a true testament to our third-party management skills and services, and AMC’s ability to not only meet, but exceed the expectations of our clients and the residents of the communities we oversee.”

Designed with an industrial edge, Yard 8 interiors feature open-concept spaces with concrete loft-style ceilings and modern luxury finishes. Extras like chrome fixtures and quartz countertops blend with designer porcelain plank tile help to create a refreshing look. Unit amenities include floor-to-ceiling windows, custom Italian cabinetry, and frameless glass showers. In addition, each apartment-home offers expansive walk-in closets, energy-efficient, stainless-steel appliances, and a full-sized washer and dryer set.

Yard 8 Midtown amenities also include a bistro-inspired clubhouse with a demonstration kitchen that provides a community-building space to retreat and meet neighbors. Residents can utilize the expansive, on-site fitness center, which includes Peloton bikes, a yoga studio and state-of-the-art cardio and weight-training machines. The property also offers a rooftop oasis featuring a resort-style pool surrounded by lush, tropical landscaping and an expansive sundeck with ocean & Biscayne Bay views. The community features approximately 30,000-square feet of ground floor retail within this walkable metropolitan district.

“We are so thrilled to be managing Yard 8 Midtown in Miami,” added Lee Ann Edwards, President of Altman Management Company. “It is an emergent neighborhood, bursting with life, music, art, and culture and we are beyond excited to bring the exceptional living experience that The Altman Companies is known for to the community.”

Yard 8 Midtown is located near the epicenter of the colorful Wynwood neighborhood with access to food, fitness and fun. Residents may explore diverse restaurants and sporting events that are only footsteps away. Additionally, living at Yard 8 Midtown provides the convenience of nearby stores like The Shops at Midtown Miami, offering great retail options such as Nordstrom Rack, Target and more. Yard 8 Midtown also invites residences to partake in their bike-share program to experience the city from a different perspective or take in the sights and sounds with a stroll to any of the countless walkable hot spots. Yard 8 Midtown is infused with the spirit of Wynwood and Midtown Miami, celebrating the local art galleries, culture, trendy boutiques, and eclectic eateries that fuel the local community.

For more information about Yard 8 Midtown, please visit https://www.yard8miami.com/

The Altman Companies and J.P. Morgan Global Alternatives announced today the groundbreaking of Altís Blue Lake, a 318-unit Luxury Garden Apartment Community in Lake Worth. The investment was provided by the institutional investors advised by J.P. Morgan Global Alternatives.

“We are excited to have J.P. Morgan as our partner on this deal and to begin construction on Altís Blue Lake,” said Joel Altman, Chairman & co-CEO of The Altman Companies. “For over 53 years, The Altman Companies has developed a portfolio of rental communities that have delivered Exceptional Living Experience to our residents in Florida and across the country and we are very proud to begin the development of this upscale, environmentally friendly community in Palm Beach County.”

Altís Blue Lake will redefine the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents will enjoy exclusive membership to The Club within the community with direct access to a 24/7 fitness center complete with a yoga, spinning & aerobics studio; a Starbucks cybercafé with entree to workspace lounges & a private conference room and a game room. An additional roster of exclusive amenities at the 6,000-square-foot clubhouse will also include a resort-style swimming pool surrounded by pool cabanas, grilling stations, a wellness treatment room which will offer residents the perfect spot to relax and recharge, and a pool pavilion, which will be the perfect place to unwind and soak up the sun.

Altís Blue Lake will offer exceptionally appointed one-, two-, and three-bedroom apartment homes available with private entry, and direct access garage options. Interior features in each home will include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplan comes complete with quartz countertops, 39” inch cabinets, front loaded washer and dryers, stainless steel and upgraded energy-efficient appliances.

Altís Blue Lake will be a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge. A multi-purpose trail and a pet park with gated, off-leash area will be available in the community to allow residents to bond and play with their pets. The community will also be equipped with a hobby/craft room and a 24/7 automated package and dry-cleaning pickup station for residents’ convenience. The Class A multi-family community will include 696 parking spaces including direct access garages, as well as a mail kiosk, maintenance building, and trash enclosure.

Altís Blue Lake will be Florida Green Building Coalition certified and its sustainable initiatives will include 100% energy efficient designer lighting, ENERGY STAR® refrigerator and dishwasher, a high efficiency water heater and sub-metered water stations and car charging stations

Convenience and prime location are high priority within the development plan, allowing easy access in all directions and 25 minutes from one of the largest growing metro areas in South Florida, West Palm Beach.

“This transaction and the groundbreaking mark another significant development for The Altman Companies as we develop another exceptional Altís community in Palm Beach County,” added Seth Wise, co-CEO of The Altman Companies.  “We are delighted to deliver workforce and market-rate housing with a new standard of luxury, exceptional services, and exclusive amenities, to the Palm Beach area.”

Altís Blue Lake is set to have its first units delivered in 2023. To learn more about Altís Blue Lake, please visit https://altmancos.com

Altman Management Company (AMC), a division of The Altman Companies is pleased to announce the management of The Julian Apartments located in the heart of Creative Village in Downtown Orlando, Florida.  AMC was hired by The Frankforter Group, a Canadian-based real estate investment and asset management firm, to manage the community. AMC currently manages three other communities for the company, Waterview at Rocky Point,  Saba Pompano Beach and The Ivy at Health Village in Orlando.

“We are honored and thrilled to manage this new property for Frankforter Group,” said Seth Wise, co-CEO of The Altman Companies. “With the growing demand for live, work, and play environments in Orlando, we look forward to bringing an Exceptional Living Experience to the residents of The Julian that only The Altman Companies can provide.”

The Julian is a brand-new community with state-of-the-art apartments and features modern and efficiently-designed studios, 1-, 2-, and 3-bedroom residences, that range in size from 412-square-feet to 1307-square-feet. Each apartment home includes an expansive balcony with exceptional views overlooking Luminary Green City Park, which offers 2.3 acres of an activity lawn, tree-lined promenade and gathering spaces.

Completed in 2020, The Julian rises 14 stories and includes 409 luxury apartment homes, accompanied by 6,000-square feet of commercial space on the ground floor which is home to The Monroe Restaurant and Coffee Bar, and an integrated parking garage. The community features nearly 1,000 square feet of dedicated and themed work-from-home and amenity space on each floor where residents can work, study and socialize, a rooftop pool and clubhouse with expansive views of Downtown Orlando, an outdoor courtyard, and convenient resident services. The Julian is designed with wellness in mind, featuring a fitness center with open-air access to the Interior Courtyard. In addition, the community offers a secure dog relief area within the building and nearby pet friendly establishments, so residents and their furry friends can enjoy life at The Julian.

“We are excited to manage another one of the Frankforter Group’s communities,” said Lee Ann Edwards, President of Altman Management Company. “The Julian is a dynamic residential community, and we look forward to bringing the uniquely Altman Exceptional Living Experience to the residents of one of the largest Innovation Districts in the Southeast”

Located at 462 North Terry Avenue, The Julian is situated in the heart of Creative Village in Downtown Orlando. Creative Village is a 68-acre urban redevelopment project that builds on the success of Orlando’s digital media industry. The project transformed the former Amway Area site into a mixed-use, transit-oriented, urban infill neighborhood that is home to the new University of Central Florida Downtown Campus and Valencia College Downtown campus; high-tech digital media and creative companies; and a diverse mix of students, employees and residents. Creative Village is an Innovation District that fosters a “live, work, learn and play” lifestyle in Downtown Orlando. Phase One at Creative Village is well underway and represents over $700 million in development activity.

For more information about The Julian Apartments, please visit https://thejulianorlando.com/.

The Altman Companies announced today that it has broken ground to develop Altís Grand at Suncoast, a 449-unit upscale Apartment Community in Lutz, a submarket of Tampa, Florida.  Rockpoint Group provided for equity capital and PNC Bank provided the loan.

“Over the past 53 years, The Altman Companies has developed a portfolio of high-end rental communities that have redefined the Exceptional Living Experience in Florida and across the country. We are thrilled to begin development of Altís Grand at Suncoast, an upscale, environmentally friendly community in Northwest Tampa,” said Joel Altman, Chairman & co-CEO of The Altman Companies.

Altís Grand at Suncoast will redefine the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents will enjoy exclusive membership to The Club, located within the community with a dedicated on-site Activities Director to organize events for residents including daily continental breakfast, Sunday brunch, “Wine Down Wednesdays” and various activities. The roster of exclusive amenities offered by The Club will also include direct access to a 24/7 fitness center complete with yoga, spinning & aerobics studios, a Starbucks cybercafé, multiple co-working lounges, a private conference room and a game room. A wellness treatment room and a resort-style swimming pool surrounded by cabanas, grilling stations, and a lush recreational pavilion provide additional options for residents to relax and recharge.

Altís Grand at Suncoast will offer exceptionally appointed one-, two-, and three-bedroom apartment homes accessible by private entry, or air-conditioned hallways served by elevators. Interior features in each home will include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplans come complete with quartz countertops, 39” inch cabinets, front load washer and dryers, stainless steel and upgraded, energy-efficient appliances.

Altís Grand at Suncoast will be a pet-friendly community offering an indoor air-conditioned dog grooming spa, a multi-purpose trail, and a pet park with a gated, off-leash area to allow residents to bond and play with their pets. The community will also be equipped with a hobby/craft room and a 24/7 automated package pickup station for residents’ convenience.

Altís Grand at Suncoast will be National Green Building Standard (NGBS) certified and its sustainable initiatives will include 100% energy efficient designer lighting, ENERGY STAR® refrigerators and dishwashers, high efficiency water heaters sub-metered water stations and electric car charging stations.

The prime location of Altis Grand at Suncoast provides easy transportation access in all directions, with both the Suncoast Parkway/S.R. 589 and S.R. 54 providing quick connectivity to major employment destinations, cultural and entertainment centers nearby. The community is also located within a 30-minute drive to the Westshore Office Submarket, comprising over 18 million square feet of office space.

“This transaction and the groundbreaking mark another significant development for The Altman Companies as we continue to develop exceptional Altís communities in the Tampa area,” added Seth Wise, co-CEO of The Altman Companies. “We have built five other Altís communities in the market and this is a true testament to our commitment to both the brand and the local area.”

Altís Grand at Suncoast is set to have its first units delivered in 2023. To learn more about Altís Grand at Suncoast, please visit https://altmancos.com/.

The Altman Cos. saw Altis Ludlam Trail as a unique opportunity: It would be the first high-end apartment at its price point in the Ludlam Trail submarket. The property is being developed in partnership with MV Real Estate Holdings and The Mattoni Group, a private equity real estate investment firm.

Altis Ludlum Trail sits on 2.74 acres in the newly created Bird Road development area. The mixed-use community us located near the 7,500-square feet of retail space facing Bird Road. It is less than a mile from the Palmetto Expressway and 3 miles from Coral Gables.

The project’s 312 ultra-luxury apartments will average 820 square feet.

Class A amenities include a rooftop resort-style pool, a pool deck with pavilions and barbecue grills, a rooftop clubhouse with a media room, fitness center and a coffee bar. The community also features workstations equipped with high-speed internet access, a synthetic turf gaming area and a hammock garden.

Pet owners will appreciate the indoor air-conditioned dog grooming spa, and a bark park immediately adjacent to the new Ludlam Trail.

Altis Ludlam Trail will be National Green Building Standard certified, with sustainable initiatives including energy-efficient designer lighting and appliances, and programmable thermostat with humidistat. The community will have free-to-use electric car charging stations.

Firm principals Joel Altman and Seth Wise found opportunity in the location. The project continues development of the first six miles of the trail, which is immediately adjacent to it. Residents will enjoy the outdoor benefits that the trail offers in recreation, entertainment and dining. It delivers on what they call Altis’ “Exceptional Living Experience.”

The Altman Companies announced the hiring of John T. Ladson as Senior Vice President of Development for The Altman Companies to lead the new Atlanta office.  In his role as Senior Vice President of Development, Ladson will be responsible for sourcing, underwriting, and overseeing new development opportunities in Georgia, the Carolinas and Tennessee.

Ladson’s experience includes overseeing multifamily product types ranging from townhomes to high-rise towers, over 2,600 units of green-built apartment homes, and highly successful student-oriented communities. Ladson was most recently at Gables Residential, where he played a critical role by sourcing new development opportunities, prosecuting feasibility analyses, securing project entitlements, assembling third party design teams, interfacing with debt partners, serving as principal liaison with equity partners, managing an in-house construction team, managing an in-house property management team and shepherding development projects from conception to stabilization.

“John brings a solid background and vast experience in sourcing, conception, financing, design, construction and lease-up of Class A apartment communities,” said Joel Altman, Chairman and Co-CEO of The Altman Companies. “He is a consummate professional and has true executive leadership experience from his previous roles and is perfectly positioned to lead our re-entrance into Georgia, the Carolinas and Tennessee. All areas wee have built in the past.”

“We’re excited about the leadership and track record that John brings to our platform,” Seth Wise, Co-CEO of The Altman Companies. “His addition to our leadership team speaks not only to our continued growth, but also to developing exceptional rental apartment communities in new markets.”

Ladson serves on the Board of Directors of the Georgia Apartment Association and the Atlanta Apartment Association. He is also an active member of the Urban Land Institute (ULI) and National Multi-Housing Council (NMHC.) He received his B.A. from Dartmouth College.

The Altman Companies, announced that it has secured an investment from institutional investors advised by J.P. Morgan Global Alternatives in Altis Grand at Lake Willis in Orlando, and broken ground on the development. Newmark Group, led by Vice Chairman Patrick Dufour acted as the exclusive advisor to arrange equity capital for Altis Grand at Lake Willis on behalf of The Altman Companies. The site located in the southern submarket of Orange County, just outside the Orlando city limits, will feature 329 upscale garden-style apartment homes set on 23.45-acres of land.

“We are excited to have J.P. Morgan as our partner on this community and to begin the construction process,” said Joel Altman, Chairman & CEO of The Altman Companies.  “For over 53 years, The Altman Companies has developed a portfolio of rental communities that have redefined the Exceptional Living Experience in Florida and across the country and we are very proud to begin developing this upscale, environmentally friendly community.”

Altís Grand at Lake Willis redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents will enjoy exclusive membership to The Club within the community with direct access to a 24/7 fitness center complete with a yoga, spinning & aerobics studio; a Starbucks cybercafe with entree to workspace lounges & a private conference room and a game room with virtual reality and game simulator. An additional roster of exclusive amenities at The Club will also include a resort-style heated pool, complete with a spa, cabanas, and an extensive pool-pavilion, which will be the perfect place to unwind and soak up the sun, and a wellness treatment room and a sauna, which will offer residents the perfect spot to relax and recharge.

Altís Grand at Lake Willis will offer exceptionally appointed one-, two-, and three-bedroom apartment homes available with private entry options in the Altis product, and air-conditioned interior halls, with elevator-access within the Ariya buildings. Most all 329 apartment homes will be available with a balcony or a patio option.  Interior features in each home will include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplan comes complete with quartz countertops, stainless steel and upgraded energy-efficient appliances.

Altís Grand at Lake Willis will be a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in. A multi-purpose trail and a pet park with gated, off-leash area will be available in the community to allow residents to bond and play with their pets. The community will also be equipped with a hobby/craft room and a 24/7 automated package and dry-cleaning pickup station for residents’ convenience.

Altís Grand at Lake Willis will be National Green Building Standard (NGBS) certified and its sustainable initiatives will include 100% energy efficient designer lighting, ENERGY STAR® refrigerator and dishwasher, a high efficiency water heater and sub-metered water and car charging stations.

Convenience and prime location are high priority within the development plan, allowing easy access in all directions to major employment centers, downtown Orlando, theme parks and the Orlando International Airport. Altís Grand at Lake Willis is adjacent to Vineland Pointe; a brand new, three-phase 450,000 retail shopping and entertainment center. Furthermore, the site is a five-minute walk from the Orlando Vineland Premium Outlets, which encompasses 657,000-square-feet of retail space, 160 stores with over 13 million annual visitors.

“This transaction and the groundbreaking mark another significant development for The Altman Companies as we develop another exceptional Altis community in Orlando,” added Seth Wise, co-CEO of The Altman Companies.  “We are delighted to join with J.P. Morgan as our partner on this transaction, and to continue to deliver a new standard of luxury, exceptional services, and exclusive amenities to the Orlando area.”

Altís Grand at Lake Willis is set to have its first units delivered in late 2022. To learn more about Altís Lake Willis, please visit https://altmancos.com/

From the beginning of his career, Joel Altman has been on a mission to deliver multifamily housing with an “exceptional living experience.”

It began with his first job managing apartments when he was in college more than five decades ago. It continues today with his Altis brand, whose luxury apartments dot the map from South Florida to Central Florida and across the country.

Fifty-three years in, Altman is only partly slowing down. In 2018, Altman sold half his company to BBX Capital for $22.7 million. The move brought him a co-CEO: BBX President Seth Wise. Today, Altman has a partner in the C-suite with whom he shares a half-century of wisdom, and he benefits from Wise’s fresh take on the business.

It is especially helpful during the pandemic. Management continues to deal with the health and safety of their team and leasing of new communities, while ensuring the continuous flow of construction materials needed to build their projects. Together, “we came up with programs and managed it day by day.”

What hasn’t slowed is Altman’s drive to lead his team. He shares his experiences – and his mistakes – in the hopes of exhibiting what “the best” means.

“Trust me, I’ve made my mistakes,” he said. “If I can share those whys and wherefores for their learning, that’s my responsibility. I always want to see them self-actualize and be their best. Being second or mediocre is not an acceptable standard.”

Though the BBX investment is a path toward Altman’s eventual succession, he doesn’t think about retiring. With the nation facing a 4 million-unit shortfall of rental housing, and many seeing renting as a better option than buying, the chance to deliver an “exceptional living experience” shows no signs of abating.

“Honestly, I never thought about the end,” he said.

Full Story:

https://www.bizjournals.com/southflorida/c/meet-the-2021-ultimate-ceo-awards-honorees/15469/joel-altman.html

The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that its division Altman Management Company will now be managing New River Yacht Club in Fort Lauderdale, Florida, a luxury 26-story residential tower located high above the New River shore in the heart of Downtown Fort Lauderdale.

“We are excited to manage the New River Yacht Club,” said Seth Wise, co-CEO of The Altman Companies. “The New River Yacht Club is an extraordinary building and we look forward to bringing the uniquely Altman Exceptional Living Experience to the residents of this luxurious community in Downtown Fort Lauderdale.”

“We are confident that we will provide the uncompromising attention to detail and unique services for the residents that only The Altman Companies can provide” said Lee Ann Edwards, President of Altman Management Company.

New River Yacht Club redefines luxurious, upscale living. Boasting an unparalleled location right on the New River, the New River Yacht Club is a stunning waterfront community of luxury apartment homes, featuring high-end studio, 1-, 2- and 3-bedroom apartment residences, all with breathtaking views and modern finishes located in the heart of Downtown Fort Lauderdale.  The building provides resort-style amenities including a stunning seventh-floor covered pool, an outdoor bar, a fully equipped with summer kitchen, communal dining area, fireplace, televisions and lounges; a game room with billiard and gaming table, integrated stereo system and television; 24-Hour, state-of-the-art fully equipped fitness center and a spa treatment room and sauna. Located within walking distance to the city’s exciting and popular business, shopping and dining venues and just minutes from the beach, this Las Olas rental community is just steps away from all of the attractions of Downtown and the waterfront.

For more information on New River Yacht Club, please visit https://https://www.newriveryc.com/

The Altman Companies announced that it will now be managing  Avery Pompano Beach,  an eight-story, high-tech apartment tower located north of East Atlantic Boulevard and just steps from the beach.  A division of The Altman Companies, Altman Management was hired by the Frankforter Group, a Canadian-based real estate investment and asset management firm, who recently purchased the community.

“We are thrilled to receive another engagement from the Frankforter Group to manage the Avery Pompano Beach,” said Seth Wise, co-CEO of The Altman Companies. “We look forward to bringing an exceptional living experience, that only The Altman Companies can provide, to the residents of this luxurious community in Pompano Beach.”

“We recently began managing one of Frankforter Group’s communities in Orlando and now look forward to our continued partnership with them through Avery,” said Lee Ann Edwards, President of Altman Management Company.

Avery Pompano Beach offers an extraordinary modern luxury rental opportunity perfectly located off Federal Highway, just minutes to the beach and one exit away from Cypress Creek and its corporate addresses. Featuring 144-stylish apartments with dazzling amenities and close to all the shopping, dining, and sporting fun of Pompano Beach. This property features resort-quality amenities including a private, two-story clubhouse with tropical landscaped pool with cabanas and spa, an outdoor summer kitchen with waterfall and fire pit, fitness center, and club room with catering kitchen.

Each one of the beautifully styled residences at Avery Pompano Beach features sleek wood-toned flooring, washer/dryers, large walk-in closets, and smart-entry access. With thirteen layouts to choose from, some come with sheltered balconies, which feel like an extra room, and each have their own distinct personality.  In addition, Avery Pompano Beach includes high-tech features including built-in USB chargers to charge phones and other electronics without needing an adapter, high-energy efficiency air-conditioning units, and low-flow water fixtures. Using a smartphone, each resident will be able to control the home’s temperature and its key-less entry locks.

Residents can choose from a collection of one- and two-bedroom apartments ranging from 787- to 1,436-square feet. Upper floors have views of the Pompano Beach municipal golf course and community park.

Avery Pompano Beach is about a three-minute drive to the beach down Atlantic Boulevard and is in walking distance to the Pompano Amphitheater and community park, which includes sports fields, an outdoor public pool, playground, BBQ grills and an adjacent dog park.

For more information on the Avery Pompano Beach, please visit https://www.averypompanobeach.com/

The Altman Companies and Phoenix Capital Holdings, Ltd., an independent private equity investment manager, announced the sale of Altís Grand at the Preserve, located in Odessa, Florida, to LaSalle Investment Management. Newmark Group, Inc. a commercial real estate service company, led by Vice Chairman Patrick Dufour, represented the sellers in the disposition to LaSalle Investment Management.

“We are pleased  to complete the sale of Altís Grand at the Preserve to LaSalle Investment Management,” said Joel Altman, Chairman and co-CEO of The Altman Companies. “For over 53 years, The Altman Companies has developed a portfolio of rental communities that have redefined the Exceptional Living Experience in Florida and across the country and we are very proud to have developed this upscale, environmentally friendly community.”

“We are glad to have had the opportunity to establish a relationship with LaSalle through the sale of this special community from our portfolio,” added Seth Wise, co-CEO of The Altman Companies.

Altís Grand at The Preserve offers well-appointed one-, two- and three-bedroom apartment homes ranging from 722- to 1,479-square-feet with private entry options. The Altman Companies completed the development of this first of its kind and environmentally friendly upscale residential community in June 2020. The property is National Green Building Standard (NGBS) certified and some of its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer and programmable thermostat with humidistat.

The Altman Companies announced the topping-off of Altís Ludlam Trail, a mixed-use, six-story apartment building in Miami-Dade.

“We’re very excited to reach this construction milestone with Altís Ludlam Trail,” said Joel Altman, Chairman of The Altman Companies. “This topping-off represents an important construction milestone for The Altman Companies and our partners, and it reflects our commitment to bringing exceptional living experiences to the residents of Miami.”

Residents of Altís Ludlam Trail will enjoy Class-A amenities including a rooftop resort-style pool, a pool deck with pavilions and BBQ grills, a rooftop clubhouse with a media room, fitness center and a coffee bar. The community will also feature workspace stations equipped with high-speed internet access, a synthetic turf gaming area, a hammock garden. Altís will be a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in and a pet spa and a bark park immediately adjacent to the new Ludlam Trail  to allow residents to bond and play with their dogs.

“We have developed this community into a true live-work-play environment, incorporating residential and retail components,” said Seth Wise, co-CEO of The Altman Companies.

Located at the newly created Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail will consist of 312 ultra-luxe apartments with an average unit size of 820-square feet and is set on approximately 2.74-acres of land. The property will be developed in partnership with MV Real Estate Holdings and The Mattoni Group, a private equity real estate investment firm that specializes in placing equity and debt with experienced operating and development partners working on transformative projects.

Altís Ludlam Trail will be National Green Building Standard (NGBS) certified and its sustainable initiatives will include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer, individual unit electric meter & sub-metered water, high-efficiency water heater, and programmable thermostat with humidistat. Furthermore, the installation of electric car charging stations will allow residents to charge their electric cars free of cost as an incentive for their commitment to green energy.

Altís Ludlam Trail will be a mixed-use community located in proximity to the 7,500-square feet of retail space facing the well-travelled Bird Road. It will be located less than a mile from the Palmetto Expressway, two miles from the University of Miami and three miles from Coral Gables.

For more information about Altís Ludlam Trail, please visit www.altmancos.com

The Altman Companies is pleased to announce the sale of Altís Promenade, located in Lutz, FL, to California-based Passco Companies, a multifamily and commercial real estate investment firm. Newmark Group, Inc. a commercial real estate service company, led by Vice Chairman Patrick Dufour, represented the seller The Altman Companies in the disposition to Passco Companies.

“We are excited to complete the sale of Altís Promenade to Passco Companies,” said Joel Altman, Chairman and co-CEO of The Altman Companies.  “We look forward to continuing management of the community and providing Exceptional Living Experience to our existing and future residents.”

Altís Promenade redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Through their exclusive membership to The Club, residents enjoy Class-A amenities including a heated saltwater pool, private cabanas, a cybercafé, yoga & aerobics studio, a poker lounge/wine tasting room and an ultra-luxe theater with lounge-style seating, surround sound and a 120-inch movie screen.

“We look forward to this new alliance with Passco Companies and we are thrilled to be working with them as our newest client,” said Seth Wise, co-CEO of The Altman Companies.

At Altís, each apartment home is available with a private entry or elevator-access options featuring spacious one, two, and three-bedroom ultraluxe units with chef-quality kitchens, designer porcelain tile flooring, and spa-inspired baths. The community is National Green Building Standard (NGBS) certified and its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer, individual unit electric meter & sub-metered water, high-efficiency water heater, and programmable thermostat with humidistat. Furthermore, the installation of electric car charging stations will allow residents to charge their electric cars free of cost as an incentive for their commitment to green energy.

Altís is a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in and a pet park with gated, off-leash area to allow residents to bond and play with their dogs.

The 338-unit ultraluxe apartment community, located at 18065 Promenade Park Lane, in the heart of Lutz, Florida, one of the state’s fastest growing cities. With an enviable location off Veteran’s Expressway and Dale Mabry Highway in Lutz, residents can enjoy endless shopping, dining, and entertainment hot spots.

To learn more about Altís Promenade, please visit: https://altispromenade.com

The Altman Companies is pleased to announce that it will now be managing  The Ivy Residences at Health Village, a 248-unit apartment home community located on 3.4 acres in the Florida Hospital Health Village in downtown Orlando.  A division of The Altman Companies, Altman Management was hired by Frankforter Group, a Canadian-based real estate investment and asset management firm, to manage the community.

“We are thrilled to receive this engagement from the Frankforter Group to manage The Ivy Residences at Health Village and may be adding another deal with them in the near future,” said Seth Wise, co-CEO of The Altman Companies. “We look forward to bringing an exceptional living experience, that only The Altman Companies can provide, to the residents of this luxurious community.”

“We look forward to our continued partnership with the Frankforter Group,” said Lee Ann Edwards, President of Altman Management Company.  “We are dedicated to providing the residents of The Ivy with our best-in-class service.”

The Ivy Residences is part of Florida Hospital’s 172-acre Health Village, a mixed-use, transit-oriented, master-planned urban development. Many healthcare professionals are residents at The Ivy who choose to live here for the convenience and walkability factor to their work and recreations.  One of Florida’s largest hospital complexes, Florida Hospital Health Village is home to hospital and medical-related facilities, administrative offices, commercial uses, residential communities, a hotel and Adventist Health University. The Ivy contributes to the hospital’s healthy-living mission with thoughtful urban design and responsible development.

The residents at The Ivy enjoy Class-A amenities including a resort-style pool with multi-level deck and cabanas, 24-hour fitness center, yoga and Pilate’s studio, a cybercafe, a billiards room and community wide secured-access system. The apartment community includes two mid-rise buildings with studio-, one-, two- and three-bedroom units averaging 941-square feet, as well as an integrated parking garage. The apartment homes feature granite countertops, ENERGY STAR®-rated stainless steel appliances, high-quality ceramic flooring and wood plank flooring, full-size washers and dryers and modern lighting fixtures.

The Ivy is centrally located just blocks to the SunRail commuter rail system which offers easy access to Winter Park and Maitland to the north, as well as downtown Orlando and Sand Lake Road to the south. The Ivy is also very close to Interstate 4, allowing quick access to Orlando’s most happening neighborhoods such as College Park, Loch Haven Park, Mills Park, Ivanhoe Row, and the Mills/50 District.

For more information on The Ivy Residences at Health Village, please visit https://www.theivyorlando.com.

The Altman Companies is pleased to announce the pre-leasing of its brand-new apartment community, Altra Miramar, located in Miramar, Florida.

“We’re excited to bring the opportunity for an Exceptional Living Experience to Miramar,” said Joel Altman, Chairman & co-CEO of The Altman Companies. “We have artfully integrated class-A apartments and amenities with personalized services to help ease the daily pressures of the lives of our residents, so that they may feel transformed to staycation mode every time they come home.”

The conveniences provided by Altra Miramar’s roster of branded amenities elevates the lifestyle and enjoyment of its residents. Residents will enjoy The Club with access to a 24/7 fitness center complete with a yoga, spinning & aerobics studio with Fitness On Demand™; a Starbucks cybercafe with entree to workspace lounges & a private conference room; and a 24/7 automated package and dry-cleaning pickup station. The resort-style heated pool, complete with a spa, cabanas and an extensive pool pavilion will be the perfect place to unwind, soak up the sun and recharge.

Altra is a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge in. A multi-purpose trail and a pet park with gated, off-leash area will be available in the community to allow residents to bond and play with their pets.

Altra Miramar will consist of 330 studios, one-, two- and three-bedroom apartment homes within 5-story elevator buildings. The apartment homes will be available with attached garages with direct access to hallways. The spacious floorplans come complete with chef-quality kitchens, spa-inspired bathrooms and private balconies, some with serene lake views.

“The demand for live-work-play environments is only increasing as more residents flock to South Florida,” added Seth Wise, co-CEO of The Altman Companies. “Altra Miramar offers just that with an innovative energy efficient designs with sensitivity to our environment.”

Altra Miramar will be National Green Building Standard (NGBS) certified and its sustainable initiatives will include energy efficient designer lighting, ENERGY STAR® appliances, individual unit electric meter & sub-metered water, high-efficiency water heater, and programmable thermostat with humidistat. Furthermore, the installation of electric car charging stations will allow residents to charge their electric cars free of cost as an incentive for their commitment to green energy.

Altra is a part of a larger master planned development consisting of two distinct apartment communities, Altís Miramar and Altra Miramar respectively, within which will feature 50,000 square feet of retail which will include Starbucks, Flanigan’s, World of Beer, and Jersey Mike’s.

Additionally, Altra’s sister community Altís has 320-units and is currently offering ultraluxe one-, two- and three-bedroom in 3 story buildings with individual private unit entrees. The Altís and Altra communities will be separated by a linear park featuring pedestrian and bicycle paths that form the missing link in the citywide network.

Located on the northwest corner of Red Road and Miramar Parkway in the City of Miramar, Altra Miramar is minutes away from major transportation arteries (Florida Turnpike and Interstate-75), employment centers (6 million-square feet Miramar Park of Commerce), and entertainment districts (400,000-square feet Shops at Pembroke Gardens). Proximity to Florida’s Turnpike and I-95 offer a quick drive to employers, top rated schools, shopping options including Publix and Sprouts and nightlife destinations in both Broward and Dade counties.

To learn more about Altra Miramar, please visit www.altramiramar.com or contact the leasing office by calling 954-686-3950.  The pre-leasing office is located at 3350 SW 148th Ave. Suite 110, Miramar, FL 33027.

A 354-unit multifamily complex and an adjacent medical building could rise on a 14.5-acre property in Kendall that is now a strawberry farm.

Baptist Hospital of Miami, part of Baptist Health of South Florida, last week submitted an application to Miami-Dade County for the project on the hospital-owned site at 9501 Southwest 137th Avenue. The application shows Baptist would develop the medical facility and The Altman Companies would build the apartments.

Baptist is seeking rezoning and a special exception to allow residential development. The county’s development impact committee will review the proposal, and the Miami-Dade County Zoning Board is to vote on it at an unspecified date.

Boca Raton-based Altman, led by Joel Altman and Seth Wise, is listed as under contract for a portion of the site, but no further details were provided. An Altman spokesperson declined comment.

A site plan shows the medical office would take up a small area on the north end of the property, and six mid-rise apartment buildings would be built on the remainder of the land. The residential development would include a lake, clubhouse and walking trails.

Baptist’s letter of intent lists 14 possibilities for the medical offices, including for endoscopy, oncology and cardiac services. It also could be a medical laboratory, administrative offices or a pharmacy.

The site is a six-mile drive from the main Baptist Hospital campus at 8800 North Kendall Drive and just west of the long-closed Calusa Country Club golf course and Calusa Club Estates residential community. Homebuilder GL Homes and Facundo Bacardi plan to redevelop the 169-acre course with 550 homes. GL Homes last month bought the course from Bacardi for $32 million.

Some Calusa Club Estates homeowners have opposed the golf course redevelopment, saying they purchased their homes with the promise that the course will remain. Homeowner Amanda Prieto, who opposes the golf course project, said the multifamily/office building proposal makes more sense because it would be along a major road. Access to the Altman apartment complex would be only at Southwest 137th Avenue and not at 96th Avenue, which leads to Calusa.

Baptist Hospital has been active in Miami-Dade County real estate. It’s developing a 232-unit luxury senior living project called Belmont Village Coral Gables, after winning approval in June. Last month, the hospital sold a 100-unit multifamily complex in Kendall for $17 million.

The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce the pre-leasing of Altís Miramar, an environmentally friendly residential community located in Miramar, Florida.

“We are excited to begin the pre-leasing process of our newest 14-acre South Florida development. With the growing demand for live, work, and play environments combined with limited land inventory, Altís Miramar offers a tremendous living experience,” said Joel Altman, Chairman & co-CEO of The Altman Companies.

“We look forward to bringing this private-entry garden-style community to residents of the southwest Broward County suburbs and providing them with our Exceptional Living Experience,” adds Seth Wise, co-CEO of The Altman Companies.

Altís Miramar is a three-story private-entry garden style community with 320-units and is currently offering well-appointed one-, two- and three-bedroom apartment homes at an average unit size of 1,062-square-feet. The apartment homes are available with direct access and detached garages. The spacious floorplans come complete with chef-quality kitchens including quartz countertops and entertaining bars, stainless steel and upgraded energy-efficient appliances. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures.  All of the 320 apartment homes have balconies or patios and are designed with sustainability in mind.

Altís Miramar will be National Green Building Standard (NGBS) certified and its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer, individual unit electric meter & sub-metered water, high-efficiency water heater, and programmable thermostat with humidistat.

The convenience provided by Altís Miramar’s roster of branded amenities elevates the lifestyles of their residents. Residents will enjoy a Starbucks cybercafé, a video game room and theater.  Inside the clubhouse, residents work out at “Sculpt,” Altís’ all-access 24/7 fitness center; or participate in an interactive workout via Fitness on Demand at “Balance”. Residents can swim in the heated saltwater pool at “Plunge,” relax under private cabanas complete with fans, TVs, USB chargers, and daybeds. Residents can also enjoy the poolside entertainment that lives at “Fresco,” an outdoor entertaining zone complete with BBQ grills, pizza oven, fireplace and an alfresco bar. Residents with pets can enjoy the dog park, “Paws”, and “Suds”, an indoor air-conditioned dog washing and grooming spa.  Residents can also pick-up garments/packages at their leisure at “Tote”, a 24/7 dry-cleaning and package pick-up station for hassle-free service.

Altis Miramar is a part of a larger master planned development consisting of two distinct apartment communities within which will feature 50,000 square feet of retail within walking distance of future residents.

Additionally, Altis’s sister community, Altra Miramar will consist of 330 beautiful apartment homes with an average unit size of 943 square feet contained within 5-story elevator buildings and is scheduled to start pre-leasing in early Summer. The Altis and Altra communities will be separated by a linear park featuring pedestrian and bicycle paths that form the missing link in the citywide network.

Located at 11385 SW 30 Court on the northwest corner of Red Road and Miramar Parkway in the City of Miramar, Altis Miramar is minutes away from major transportation arteries (Florida Turnpike and Interstate-75), employment centers (6 million-square feet Miramar Park of Commerce), and entertainment districts (400,000-square feet Shops at Pembroke Gardens). Proximity to Florida’s Turnpike and I-95 offer a quick drive to employers, top rated schools, shopping options including Publix and Sprouts and nightlife destinations in both Broward and Dade counties.

To learn more about Altís Miramar, please visit www.altismiramar.com or contact the leasing office by calling 954-686-3950.  The pre-leasing office is located at 3350 SW 148th Ave. Suite 110, Miramar, FL 33027.

The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce the pre-leasing of Altís Miramar, an environmentally friendly residential community located in Miramar, Florida.

“We are excited to begin the pre-leasing process of our newest 14-acre South Florida development. With the growing demand for live, work, and play environments combined with limited land inventory, Altís Miramar offers a tremendous living experience,” said Joel Altman, Chairman & co-CEO of The Altman Companies.

“We look forward to bringing this private-entry garden-style community to residents of the southwest Broward County suburbs and providing them with our Exceptional Living Experience,” adds Seth Wise, co-CEO of The Altman Companies.

Altís Miramar is a three-story private-entry garden style community with 320-units and is currently offering well-appointed one-, two- and three-bedroom apartment homes at an average unit size of 1,062-square-feet. The apartment homes are available with direct access and detached garages. The spacious floorplans come complete with chef-quality kitchens including quartz countertops and entertaining bars, stainless steel and upgraded energy-efficient appliances. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures.  All of the 320 apartment homes have balconies or patios and are designed with sustainability in mind.

Altís Miramar will be National Green Building Standard (NGBS) certified and its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer, individual unit electric meter & sub-metered water, high-efficiency water heater, and programmable thermostat with humidistat.

The convenience provided by Altís Miramar’s roster of branded amenities elevates the lifestyles of their residents. Residents will enjoy a Starbucks cybercafé, a video game room and theater.  Inside the clubhouse, residents work out at “Sculpt,” Altís’ all-access 24/7 fitness center; or participate in an interactive workout via Fitness on Demand at “Balance”. Residents can swim in the heated saltwater pool at “Plunge,” relax under private cabanas complete with fans, TVs, USB chargers, and daybeds. Residents can also enjoy the poolside entertainment that lives at “Fresco,” an outdoor entertaining zone complete with BBQ grills, pizza oven, fireplace and an alfresco bar. Residents with pets can enjoy the dog park, “Paws”, and “Suds”, an indoor air-conditioned dog washing and grooming spa.  Residents can also pick-up garments/packages at their leisure at “Tote”, a 24/7 dry-cleaning and package pick-up station for hassle-free service.

Altis Miramar is a part of a larger master planned development consisting of two distinct apartment communities within which will feature 50,000 square feet of retail within walking distance of future residents.

Additionally, Altis’s sister community, Altra Miramar will consist of 330 beautiful apartment homes with an average unit size of 943 square feet contained within 5-story elevator buildings and is scheduled to start pre-leasing in early Summer. The Altis and Altra communities will be separated by a linear park featuring pedestrian and bicycle paths that form the missing link in the citywide network.

Located at 11385 SW 30 Court on the northwest corner of Red Road and Miramar Parkway in the City of Miramar, Altis Miramar is minutes away from major transportation arteries (Florida Turnpike and Interstate-75), employment centers (6 million-square feet Miramar Park of Commerce), and entertainment districts (400,000-square feet Shops at Pembroke Gardens). Proximity to Florida’s Turnpike and I-95 offer a quick drive to employers, top rated schools, shopping options including Publix and Sprouts and nightlife destinations in both Broward and Dade counties.

To learn more about Altís Miramar, please visit https://www.altismiramar.com/ or contact the leasing office by calling 954-686-3950.  The pre-leasing office is located at 3350 SW 148th Ave. Suite 110, Miramar, FL 33027.

The Altman Companies, a Florida-based nationally recognized developer, builder, and manager of exceptional rental apartment communities, is proud to announce that two of its apartment communities won three 2020 South East Florida Apartment Association’s (SEFAA) Circle of Excellence Awards.  The recently sold Altís Boca Raton, located in Boca Raton, Fla., won for Community Model of the Year and Community Amenities of the Year while Altís Pembroke Gardens, located in Pembroke Pines, Fla., won for Best Online Presence.

“It is truly an honor to have won these SEFAA awards,” said Joel Altman, Chairman of The Altman Companies. “At the Altman Companies, we take great pride in providing our residents with an exceptional living experience and it is very rewarding to be recognized for these efforts.”

Since 1968, The Altman Companies has developed, constructed, acquired and managed over 26,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  The Altman Companies has a reputation for developing and operating upscale apartment homes delivering with it ‘Exceptional Living Experiences’ for its residents.  The company has distinguished itself by creating boutique mid-rise and garden-style communities under its Altís brand with resort-style amenities and high-touch services.

Altís Boca Raton is a 398-unit, ultra-luxe midrise apartment community in Boca Raton, located at 5500 N. Military Trail, on the East side of Military Trail, just North of Yamato Road. The six-story, LEED-certified apartment community features spacious apartment homes with one- two- and three-bedroom units ranging in size between 740 – 1,399 square feet.  The Altman Companies recently announced the sale of Altís Boca Raton to a Miami-based real estate private equity fund. The community was developed in a joint venture with GID Real Estate Investments, a Massachusetts-based vertically integrated real estate developer, investor and operator.

Altís Pembroke Gardens, a 280-unit ultraluxe apartment community located at 500 SW 145th Ave, is just steps away from the best entertainment, dining and shopping spots in town including the popular Shops of Pembroke Gardens. Altís Pembroke Gardens redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” The apartment community features spacious one, two, and three-bedroom apartment homes with chef-quality kitchens, designer porcelain tile flooring, and spa-inspired baths. For more information about Altís Pembroke Gardens, please visit www.AltisPembrokeGardens.com.

The Circle of Excellence Awards are the highest standard of South Florida Apartment Industry Awards, in which apartment communities, companies, and individuals who have gone above and beyond are recognized for their success in the industry.

FORT LAUDERDALE, FL –  The Altman Companies, a Florida-based nationally recognized developer, builder, and manager of exceptional rental apartment communities, has announced the sale of Altís Boca Raton, located in Boca Raton, Florida, to a Miami, Fla., based real estate private equity fund.

The community was developed in a joint venture with GID Real Estate Investments, a Massachusetts-based vertically integrated real estate developer, investor and operator.

“Over the past 50 plus years, we’ve developed and assembled a portfolio of apartment communities that have redefined the Exceptional Living Experience in Florida and across the country,” said Joel Altman, Chairman and CEO of The Altman Companies. “We are so proud of the new high standard that we established with the development of Altís Boca Raton.”

Altís Boca Raton is a 398-unit, ultra-luxe midrise apartment community in Boca Raton, located at 5500 N. Military Trail, on the East side of Military Trail, just North of Yamato Road. The six-story, LEED-certified apartment community features spacious apartment homes with one- two- and three-bedroom units ranging in size between 740 – 1,399 square feet.

The Altman Companies, a Florida-based nationally recognized developer, builder, and manager of exceptional rental apartment communities, has announced the sale of Altís Boca Raton, located in Boca Raton, Florida, to a Miami, Fla., based real estate private equity fund. The community was developed in a joint venture with GID Real Estate Investments, a Massachusetts-based vertically integrated real estate developer, investor and operator.

“Over the past 50 plus years, we’ve developed and assembled a portfolio of apartment communities that have redefined the Exceptional Living Experience in Florida and across the country,” said Joel Altman, Chairman and CEO of The Altman Companies. “We are so proud of the new high standard that we established with the development of Altís Boca Raton.”

Altís Boca Raton is a 398-unit, ultra-luxe midrise apartment community in Boca Raton, located at 5500 N. Military Trail, on the East side of Military Trail, just North of Yamato Road. The six-story, LEED-certified apartment community features spacious apartment homes with one- two- and three-bedroom units ranging in size between 740 – 1,399 square feet.

The Altman Companies, which builds, develops and manages rental apartment communities recently sold Altís Boca Raton to a Miami-based real estate private equity fund.

The 398-unit community was developed in a joint venture with GID Real Estate Investments, a Massachusetts-based vertically integrated real estate developer, investor and operator. Altman is based in Florida and 50% owned by BBX Capital Real Estate.

“Over the past 50 plus years, we’ve developed and assembled a portfolio of apartment communities that have redefined the exceptional living experience in Florida and across the country,” Altman said in a release about the sale. “We are so proud of the new high standard that we established with the development of Altís Boca Raton.”

The midrise apartment community located at 5500 N. Military Trail is LEED-certified and offers one- two- and three-bedroom units ranging in size between 740 and 1,399 square feet. It is one of several communities under the Altís brand featuring resort-style amenities and high-touch services, which will serve as a standard for future projects.

“Altís Boca Raton was a new high watermark for our company and the success that we had with the development will naturally have us incorporate many of the wonderful features in future developments,” Atlman told SFBW.

Other Altís communities include Altís Pembroke Gardens, Altís Shingle Creek in Kissimmee, Altís Wiregrass Ranch in Wesley Chapel, Altís Promenade in Lutz, Altís Grand Central in Tampa and Altís Grand at The Preserve in Northwest Tampa. Altman is also planning Altís communities in Miramar, Little Havana, Ludlum Trail and Vineland Pointe near Orlando.

BOCA RATON, FL – The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is pleased to announce the hiring of Lee Ann Edwards as President of Altman Management Company (AMC).  In her role as President of AMC, Edwards will be responsible for the strategic direction of the company while also leading business development efforts for the company.

“Lee Ann brings a solid background and vast experience in apartment operations, a proven track record in business development and client relations, and perhaps most importantly, a robust client list ranging from a “who’s-who” of institutional owners to regional developers,” said Joel Altman, Chairman and Co-CEO of The Altman Companies. “She also possesses true executive leadership experience from her previous roles and is perfectly positioned to lead our already robust and growing third-party management platform.”

With over 20 years in multifamily property management with several of the industry’s top operating apartment platforms including Riverstone Residential, Greystar and RE Carroll Management, Edward’s reputation and extensive background in real estate is the backbone for her future successes at Altman Management Company. Throughout her career, she has developed expertise in conventional, student, garden, mid-rise and high-rise communities from lease-up to stabilized phases and has worked with numerous developers, institutional and private owners.

A Division of The Altman Companies, Altman Management Company is a full-service, apartment management company offering integrated systems and flexible, high-quality performance to third-party clients for over 50 years. The AMC team compiles local market information and designs strategic marketing plans to effectively position each property. Top performing highly-trained on-site management and regional supervisory teams provide local expertise and are empowered to make decisions regarding day-to-day operations. A centralized accounting staff, utilizing state-of-the-art information technology systems, produces timely financial reports for our owner-clients. AMC’s third-party client list includes AvalonBay Communities, a Virginia-based REIT and Starlight Investments and Tricon Residential, Canadian-based, real estate asset management firms.

Edwards received her degree from the University of North Carolina. She and her fiancée Eric recently relocated back to South Florida from North Carolina.

For more information on The Altman Companies, please visit to www.AltmanCos.com

TAMPA, FL – The Altman Companies, a Florida-based nationally recognized developer, builder, and manager of exceptional rental apartment communities, celebrates the grand opening of Altís Grand at the Preserve. Located in northwest Tampa, FL, the innovative first of its kind and environmentally friendly upscale residential community, is owned and managed by The Altman Companies.

“We’re incredibly excited to open the doors to the Altís Grand at the Preserve’s Clubhouse, which was designed to elevate our residents’ lives with personalized services,” said Joel Altman, Chairman of The Altman Companies. “We wanted to bring the exclusiveness of a country-club living to this community and provide exceptional living experience to our residents as never seen in this area before.”

All residents are provided a club membership to access the clubhouse and enjoy its elevated services. In addition to offering its residents a beautifully well-designed space, the community has appointed a dedicated on-site Lifestyle Director to organize events for residents including a daily continental breakfast, Sunday Brunch, “Wine Down Wednesdays” and arts and crafts activities.  The club membership also includes access to Class-A amenities such as a heated salt water pool with pool-pavilion and private cabanas, a dog-park and an indoor dog spa, business lounge with work stations and conference rooms, yoga & aerobics studio, a poker lounge/wine tasting room and luxurious spa services, a sauna, steam-room and treatment rooms.

At Altís Grand, Residents can also take charge of their health by using the community’s Wellness Room, equipped with a blood-pressure machine, thermometers, and consultation with a virtual doctor.  Additionally, a community movie night in the ultra-luxe movie theatre with lounge seating, a Mahjong tournament in the card lounge or water aerobics in the resort pool, are a few of the possibilities that the Lifestyle Director will be coordinating regularly.

Pre-leasing began in May after the company pivoted to a virtual leasing model to safely assist prospective residents during the pandemic. Since the soft opening in June, Altís Grand has been offering virtual and in-person tours by appointment with an additional layer of safety protocols in place and attracting potential renters from all over the country interested in an “Exceptional Living Experience.”

The tour takes future residents through fully-furnished apartment model homes ranging from 722- to 1,479-square-feet. The homes are available with private entry or air-conditioned hallway options with elevator access.  The apartment homes come complete with quartz countertops, stainless steel, energy-efficient appliances. Apartment Interiors also include spa-inspired bathrooms equipped with dual sink vanities, a lavish soaking tub, and clear glass shower enclosures.  Altís Grand at The Preserve is National Green Building Standard (NGBS) certified and some of its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer and programmable thermostat with humidistat.

Located centrally at Suncoast Parkway and SR 54, Altís Grand at The Preserve is close to everything yet a world away with easy access to a nearby Park N Ride, a plethora of bike trails (including Suncoast Trail), walking trails, and scenic lakes. Top-rated schools, medical professional buildings nearby, and endless entertainment and shopping options, including a brand-new Publix GreenWise Market directly across the street, creates a community that advocates for a healthy lifestyle on-site or within a few steps of the property.

To book your personal tour or to learn more about Altís Grand at The Preserve, please visit altisgrandpreserve.com or contact the leasing office at 813.710.1200.

BOCA RATON, FL – The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is pleased to announce the hiring of Lee Ann Edwards as President of Altman Management Company (AMC). In her role as President of AMC, Edwards will be responsible for the strategic direction of the company while also leading business development efforts for the company.

“Lee Ann brings a solid background and vast experience in apartment operations, a proven track record in business development and client relations, and perhaps most importantly, a robust client list ranging from a “who’s-who” of institutional owners to regional developers,” said Joel Altman, Chairman and Co-CEO of The Altman Companies. “She also possesses true executive leadership experience from her previous roles and is perfectly positioned to lead our already robust and growing third-party management platform.”

With over 20 years in multifamily property management with several of the industry’s top operating apartment platforms including Riverstone Residential, Greystar and RE Carroll Management, Edward’s reputation and extensive background in real estate is the backbone for her future successes at Altman Management Company. Throughout her career, she has developed expertise in conventional, student, garden, mid-rise and high-rise communities from lease-up to stabilized phases and has worked with numerous developers, institutional and private owners.

A Division of The Altman Companies, Altman Management Company is a full-service, apartment management company offering integrated systems and flexible, high-quality performance to third-party clients for over 50 years. The AMC team compiles local market information and designs strategic marketing plans to effectively position each property. Top performing highly-trained on-site management and regional supervisory teams provide local expertise and are empowered to make decisions regarding day-to-day operations. A centralized accounting staff, utilizing state-of-the-art information technology systems, produces timely financial reports for our owner-clients. AMC’s third-party client list includes AvalonBay Communities, a Virginia-based REIT and Starlight Investments and Tricon Residential, Canadian-based, real estate asset management firms.

Edwards received her degree from the University of North Carolina.  She and her fiancée Eric recently relocated back to South Florida from North Carolina.

The ultra-luxe Downtown Tampa apartment community opens its amenity-rich experience to residents

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce the grand opening of its sky-deck amenities at Altís Grand Central. The newly constructed pedestrian-friendly residential community is located near downtown Tampa in the Hyde-Park neighborhood. The ultra-luxe residential community boasts never-before offered amenities that will set the bar for sophisticated living in and near downtown Tampa.

“Altís Grand Central offers residents a first-class living experience that surpasses expectations and redefines luxury living. The abundant and top-notch amenities will allow our residents to experience exceptional living without ever leaving their home,” says Joel Altman, Chairman of The Altman Companies.

Residents have eagerly awaited the grand opening of the amenities located on the ninth and tenth floors, and they are now able to plunge into the rooftop, saltwater, heated pool with spa. Cabanas and lounge seating line the pool pavilion along with an outdoor demonstration kitchen, fire pit, and barbeque area with the backdrop of Tampa Skyline behind them. Within their tropical oasis, residents can pamper themselves with an upscale spa with sauna, steam room, and private spa treatment rooms. There is even a pet-spa where dog-lovers can spoil their furry friends, or take them on a walk at the dog park located on the top-floor of the high-rise apartment community.

With people spending more time in their homes, residents value the importance that these upscale amenities that allow for a complete relaxation and solace.

Among the many amenity spaces that are now open are the ultra-luxe surround sound theater with projection screen TV, a teched-out game room filled with multi-screen TVs, a bowling alley, shuffleboard courts, billiards, a foosball table, and a pinball machine. The all-access fitness center with yoga room and state-of-the-art cardio machines and free weights is now available for residents 24-7. Other amenities that have been open since January of this year are Starbucks lounge and Internet Café with complimentary Wi-Fi, and indoor bike storage racks and tune-up workshop with air pump station.

Altís Grand Central offers well-appointed studio, one-, two- and three-bedroom apartment homes with floor plans that range from 619- to 1,380-square-feet, with secured covered parking and car charging stations on every level.

The nine-story towers, located at 504 West Grand Central Ave., are situated just south of the entrance to the University of Tampa and north of Tampa General Hospital, in an area that has become home to a collection of sophisticated dining, shopping and entertainment venues. The leasing office is located onsite at 504 West Grand Central Ave. It is open Monday through Friday from 9 a.m. – 7 p.m., Saturdays from 10 a.m. to 6 p.m. and on Sundays from 12 p.m. to 5 p.m. Currently, the apartment community is 55% occupied and 65% leased, and offering virtual and in-person tours by appointment. For more information about Altís Grand Central, please visit https://altisgrandcentral.com/.

It’s easy to hit your numbers when times are good.

But for multifamily pros navigating the fallout of COVID-19, 2020 has been about finding ways to maximize net operating income (NOI), even when times are tough.

“We’re really thinking things through more to make sure we keep our NOI up,” says Tammy Shields, chief operating officer for Atlanta-based Audubon, which manages 5,500 units across 21 properties from the Carolinas to Louisiana. “The message we’ve sent to our teams is we still have our jobs, and we’re essential in this economy. So let’s do our jobs now, to make sure they’re still there when we get through this thing.”

For operators on the front lines, doing so means hitting NOI numbers—a measure of income versus expenses, the most vital stat for a community’s financial health—even when it’s harder to get full rent from residents and expenses have gone up.

Tim Peterson, chief operating officer at the Boca Raton, Fla.-based Altman Cos., which oversees approximately 8,000 units, sums up what many in the multifamily sector are experiencing today.

“Income has been negatively impacted by collection and occupancy issues, and expenses have been impacted by the need to adopt new cleaning and monitoring protocols,” Peterson says. “Keeping occupancy up and vacancy down is the top driver of NOI for Altman.”

To keep her occupancy up, Shields looks at renewals on a case-by-case basis, and has reevaluated her renovation schedule to keep as many of her existing residents in place as possible.

“We’re looking at strategies where we ask if it’s worth discounting a point or two on the renewal, in order to lock that resident in and not turn the unit,” Shields says. When successful, that keeps make-ready expenses down at the same time.

One thing she’s not doing? Backing off opportunities to push rents when she can. “We’ve definitely throttled back slightly on our increases for renewals where necessary to try to reduce our turnover,” Shields explains. “But we haven’t said we’re not doing rent increases across the board at any of our deals.”

Across the country at Foster City, Calif.-based Bailard, which manages more than 1,700 units, senior vice president of portfolio management Tess Gruenstein is also focused on retention. “Our biggest opportunity is to keep residents in place,” Gruenstein says. To do so, her team contacts every resident that gives notice, often multiple times, to save the lease. That included a resident who was working from home more and needed more sunlight in their apartment during the day. “We toured them through all of our vacant units in the building until we found one that fit their needs,” she says.

Gruenstein raises a word of caution when screening new tenants today; industry observers say application fraud has increased since the onset of COVID-19. “One of the biggest challenges is a prospect providing fraudulent identification and pay stubs, moving in, and then not paying rent,” Gruenstein says. “More than ever, we are utilizing technology to provide more robust background checks and income verifications to ensure we are getting the right folks in the building.”

For Marcie Williams, president of Charlotte, N.C.-based RKW Residential, a third-party manager of more than 22,000 units, keeping NOI at a healthy level means taking areas that have contributed to increased expenses, and using it to her advantage. For example, like many in the industry today, her outlay for cleaning supplies has gone up during the pandemic. But she used that increase to negotiate a better rate with her supplier for next year.

“There’s a lot of things we don’t know about what’s going to happen going forward, but I do know that we’re going to continue to spend more on cleaning supplies in the next 18 months,” Williams says. “So if I’m going to spend more, I want more of a discount. What kind of a discount can our vendor give us?”

Adds Ari Rastegar, CEO of Austin, Texas-based Rastegar Property Co., operator of 400 units, “Every dollar really needs to be stretched right now. It’s about watching your expenses, more so than ever.”

By taking thoughtful steps to keep revenue coming in via rent checks, while employing strategies to ensure expenses stay in check and vetting new prospects carefully, multifamily operators can continue to maximize NOI, even during uncertain times.

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities announced today that it has completed the Topping Off of Altís Little Havana.

Altís Little Havana, located in Miami, FL will feature 224-luxury apartment homes and is set on approximately 1.96-acres. The boutique community will feature an eight-story tower on the north side and three-story low rise on the south side. With studios, one-, two- and three-bedroom apartment homes will be designed to provide Exceptional Living Experience for our residents with detailed finishes and exciting modern architecture.

“We are thrilled to have reached this milestone for Altís Little Havana exactly a year after we broke ground,” said Joel Altman, Chairman of The Altman Companies.  “We look forward to bringing exceptional apartment homes to residents of this area and providing them with a standard of living they won’t find anywhere else in the market.”

Residents of Altís Little Havana will enjoy Class-A lifestyle enhancing amenities including a rooftop resort-style pool, pool deck with synthetic turf gaming area and pavilion with BBQ grills and accommodations for outdoor dining, Clubroom with gaming tables, fitness center, yoga room, “Uber Lounge” with Coffee Bar and workspace stations equipped with high-speed internet access.

Little Havana is the cultural heartbeat of the City of Miami. Future residents of Altís Little Havana will have access to art galleries, restaurants, coffee shops, and bustling nightlife. Residents will also have short commutes as over 275,000 jobs are located within three miles of the community, including major employment centers such as Brickell/Downtown, Coral Gables, and the Health District.

Altís Little Havana is set to deliver first units in the Spring of 2021. For more information about Altís Little Havana, visit www.AltmanCos.com.

Despite the Pandemic the Ultra-luxe Apartment Community Reports Success with Soft Opening

TAMPA, FL (July 27, 2020) – Altís Grand at the Preserve, an innovative first of its kind, environmentally friendly upscale residential community located in Odessa, FL, launched its soft opening in early June. The community is owned and managed by The Altman Companies, a Florida-based nationally recognized developer, builder, and manager of exceptional rental apartment communities.

Pre-leasing began in May after the company pivoted to a virtual leasing model to safely assist prospective residents during the pandemic. Since the reopening, Altís Grand has been offering community tours with an additional layer safety protocols in place and attracting potential renters from all over the country interested in an “Exceptional Living Experience.”

“We are so excited to see the positive reception to the soft opening of the Altís Grand at The Preserve. This area is experiencing tremendous growth and the number of tours demonstrate this community’s unique ability to offer the highest living standards for those seeking an active, healthy lifestyle,” said Joel Altman, Chairman of The Altman Companies.

Since June 1, the team at Altís Grand at The Preserve, have conducted over 75 tours, taking potential residents through the well-appointed one-, two- and three-bedroom apartment homes ranging from 722- to 1,479-square-feet. The homes feature spacious floor plans available with private entry or elevator access options complete with quartz countertops, stainless steel, front control glass cook-top stove, and upgraded energy-efficient appliances. Apartment Interiors also include spa-inspired bathrooms equipped with dual sink vanities, a lavish soaking tub, and clear glass shower enclosures.

While not all of the community amenities are available at this time, the tour also takes a walk of the entire property, which is located on a serene 8-acre lake. The lake pier becomes the perfect focal point for afternoon fishing or quiet contemplation. A multi-use trail is available for jogging or walking dogs and easy access to the Suncoast Trail, a 42-mile paved trail that stretches from Hillsborough County through Pasco and ends in Hernando County. A fruit grove will be coming soon as well as multiple pocket parks, including an agility course dog park, hammock park, cornhole/bocce ball court, a playground, and grassy green courtyard to hone your Frisbee skills.

As part of the soft opening, the company announced the recent hiring of a dedicated Lifestyle Director, who is responsible for ensuring that residents always have a vast variety of events and outings to look forward to. A community movie night in the ultra-luxe movie theatre with lounge seating or a Mahjong tournament in the card lounge or water aerobics in the resort pool are a few of the possibilities that the Lifestyle Director will be coordinating regularly. Additionally, daily continental breakfast and Sunday brunches are just a few of the additional personalized services residents will enjoy through their exclusive membership to The Club within the community.

Located centrally at Suncoast Parkway and SR 54, Altis Grand at The Preserve is close to everything yet a world away with easy access to a nearby Park N Ride, and bike parking for a plethora of bike trails, walking trails, and scenic lakes. Top-rated schools, medical professional buildings nearby, and endless entertainment and shopping options, including a Publix Greenwise directly across the street, creates a community that advocates for a healthy lifestyle on-site or within a few steps of the property.

Altís Grand at The Preserve redefines the highest living standards of an active, healthy lifestyle by delivering an “Exceptional Living Experience” with amenities that raise the bar on what it means to live a life well-lived. Residents can take charge of their health by using resources at the community’s Wellness Room, equipped with a blood-pressure machine, thermometers, and consultation with a virtual doctor. There will be a Spa lounge, with residents’ spa services, like a sauna, steam room, and private massage treatment rooms, that rejuvenate the body from the stresses of the day and a heated saltwater pool with private cabanas and oversize day beds.

To book your personal tour or to learn more about Altís Grand at The Preserve, please visit altisgrandpreserve.com or contact the leasing office at 813.710.1200.

By Brian Bandell  – Senior Reporter, South Florida Business Journal

Jul 14, 2020, 12:50pm EDT

Lon Tabatchnick, who led the development of the Margaritaville Hollywood Beach Resort, joined Altman Cos. as senior VP of development.

Tabatchnick founded the Lojeta Group in 1985 and has led over $500 million in development. His most prominent project was the Margaritaville hotel along in Hollywood, where he partnered with singer Jimmy Buffett. He has also developed multiple apartment complexes.

Boca Raton-based multifamily developer Altman Cos. is 50% owned by Fort Lauderdale-based BBX Capital Corp. (NYSE: BBX). It has developed over 26,000 apartments across the nation since its founding in 1968, and it’s especially active in South Florida.

“Lon brings over 35 years of experience in development and investment of high-quality luxury residential, mixed-use, and commercial properties to our development team,” said Joel Altman, chairman and co-CEO of the Altman Cos. “I am confident that Lon’s vision, innate design talent, business acumen, and dedication to perfection will play a significant role in the success of our future developments and in keeping our development division ahead of the industry’s curve.”

Tabatchnick will oversee all facets of the development process for the company in South Florida. That includes land acquisition, financing, entitlements, design and construction oversight.

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is pleased to announce the hiring of Lon Tabatchnick as Senior Vice President of Development.

“Lon brings over 35 years of experience in development and investment of high-quality luxury residential, mixed-use, and commercial properties to our development team,” said Joel Altman, Chairman and Co-CEO of The Altman Companies.  “I am confident that Lon’s vision, innate design talent, business acumen, and dedication to perfection will play a significant role in the success of our future developments and in keeping our Development Division ahead of the industry’s curve.”

In his role as the Senior Vice President of Development for Altman Development Company, Tabatchnick will be responsible for overseeing all facets of the development process and all multifamily development in South Florida.  Specifically, Lon will be responsible for land acquisition, financial underwriting, entitlements, product design and construction oversight.

Lon has a broad background in real estate having served as the founder and President of The Lojeta Group since 1985, a family owned and run real estate development company which has built residential homes, multifamily, commercial space, and mixed-use space with various partners. Under Lon’s leadership, The Lojeta Group has developed real estate projects in excess of $500 million and built for brands including The Margaritaville Hollywood Beach Resort.

For more information on The Altman Companies, please visit to www.AltmanCos.com.

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities in partnership with The Mattoni Group and Alex Mantecon from MV Real Estate Holdings, announced that it has closed on its construction loan for their newest development, Altís Ludlam Trail.  Comerica Bank was the lead provider of the loan with Iberia Bank as a participating partner.

Located at the newly created Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail will consist of 312 ultra-luxe apartments with an average unit size of 820-square feet and is set on approximately 2.74-acres of land. The property will be developed in partnership with The Altman Companies, MV Real Estate Holdings and The Mattoni Group, a private equity real estate investment firm that specializes in placing equity and debt with experienced operating and development partners working on transformative projects.

“We are grateful to our Altman Team, our lenders and equity investors that allowed us to close on this transaction in the midst of the Covid-19 pandemic,” said Seth Wise, co-CEO of The Altman Companies. “We will immediately start construction and look forward to bringing an exceptional living experience to this suburban area of Miami-Dade.”

Residents of Altís Ludlam Trail will enjoy Class-A amenities including a rooftop resort-style pool, a pool deck with pavilions and BBQ grills, a rooftop clubhouse with a media room, fitness center and a coffee bar. The community will also feature workspace stations equipped with high-speed internet access, a synthetic turf gaming area, a hammock garden, pet spa and bark park immediately adjacent to the new Ludlam Trail with ample bicycle storage and fix-it station.

Altís Ludlam Trail will be a mixed use, six-story building located in proximity to the 7,500-square feet of retail space facing the well-travelled Bird Road. It will be located less than a mile from the Palmetto Expressway, two miles from the University of Miami and three miles from Coral Gables.

The Ludlam Trail is a former railway corridor that Miami-Dade County is converting into a linear park. The 6-mile stretch of abandoned rail corridor, formerly known as the Miami Beltline, runs next to four public schools, through densely populated neighborhoods, weaving together a network of assets into an interconnected civic realm binding together many different public places and amenities.

Altís Ludlam Trail is set to be completed in 2022.  For more information about Altís Ludlam Trail, please visit here.

The Altman Companies have closed on a $55.4 million construction loan for a Miami apartment project.

Work should be completed by 2022, the developers say.

The six-story building for the Altis Ludlam Trail project will be on about 2.74 acres of land will also have 7,500 square feet of retail space.

Altman Companies is developing the property in a partnership with Alex Mantecon from MV Real Estate Holdings and The Mattoni Group, a private equity real estate investment firm.

The development group purchased the two parcels for Altís Ludlam Trail for a combined $9 million in 2018, according to published records.

Adjacent to Altís Ludlam Trail, apartment developer Zom Living and its partners closed on a $57.3 million construction loan in May for the first phase of the group’s Ludlam Trail project. The developers plan to build 950 apartments and up to 35,000 sql ft. of retail space, The Real Deal reported.

Development along the long-promised Ludlam Trail linear park has lagged. But one project is moving ahead.

Ground-breaking is scheduled next week on Altís Ludlam Trail, a six-story, 300-unit apartment complex at 7004 Bird Road. It is due to open in 2022.

Boca Raton-based Altman Companies is banking on its setting, on 2.74 acres with a hammock garden. Amenities will include a pool, barbecue grills, rooftop clubhouse with a media room, fitness center, coffee bar, pet spa, and bicycle storage.

“If you look at this compared to Brickell, where everything is on top of each other, this is a suburban neighborhood near an urban setting,” said Chairman Joel Altman. “A by product of this pandemic is people don’t want to be confined by an apartment.”

Units range from a 525-square-foot studio for $1,690 per month to a 1,300-square-foot three bedroom, two bathroom apartment for $3,000 per month. “These are renters that could afford to buy but choose to rent because of the lifestyle,” said Seth Wise, co-CEO of Altman Companies.

The project got the green light after Altman Companies signed a $55.4 million construction loan, despite the lending crunch that has come with COVID-19. Altman credits its 52-year relationship with Comerica Bank, which is providing financing along with Iberiabank. Another factor, said Altman: “We work conservatively. We put our own equity in the project. It’s easy to see that a bank could get comfortable, even if there was a bump in the road.”

Altman Companies is partnering with Alex Mantecon from the Miami-based MV Real Estate Holdings and the Brickell-based private equity firm Mattoni Group on the project.

The project covers 264,157 square feet, with 256,432 square feet for the 312-unit residential component and 7,725 square feet for retail.

The Altman project is near Ludlam Trail, a six-mile linear park along a former railway corridor. When it will open is still up in the air. Soil contamination discovered two years ago put a halt to popular activities

Developer The Altman Cos. has closed on construction financing for Altis Ludlam Trail, a 312-unit development in Miami, and will immediately start construction on the Class A project. Comerica Bank provided the loan with Iberia Bank as a participating partner. Although the loan amount was not disclosed, a report in the South Florida Business Journal indicates that it was $55.4 million.

The Altman Cos. is developing the project in partnership with MV Real Estate Holdings and private equity real estate firm The Mattoni Group. Slated for completion in 2022, the six-story property will feature units averaging 820 square feet. Common-area amenities will include a rooftop pool, clubhouse with media room, fitness center, hammock garden, bicycle storage and pet spa.

Altis Ludlam Trail will sit on a roughly 3-acre site at the southeast corner of Southwest 70th Court and Bird Road, west of downtown Miami. The community will form part of the Bird Road development area in the Ludland Trail Corridor District, a former railway corridor once known as the Miami Beltline, which Miami-Dade County is converting into a linear park. The site is located less than a mile from the Palmetto Expressway and two miles from the University of Miami.

In May, The Altman Cos. completed Altis Grand at The Preserve, a 350-unit community in Odessa, Fla. The developer financed the construction with a $39.8 million loan from TD Bank.

UPDATED, June 10, 11:25 p.m.: The Altman Companies closed on a $55.4 million construction loan for a Ludlam Trail apartment project.

Altman Companies secured the loan from Comerica Bank and IberiaBank to build the 312-unit apartment complex at 7004 Bird Road near the Ludlam Trail Corridor District, according to a press release.

The six-story building will be on about 2.74 acres of land. The project, known as Altís Ludlam Trail, will also have 7,500 square feet of retail space. Altman Companies is developing the property in a partnership with Alex Mantecon from MV Real Estate Holdings and The Mattoni Group, a private equity real estate investment firm.

The development group purchased the two parcels for Altís Ludlam Trail for a combined $9 million in 2018, records show.

Amenities at Altís Ludlam Trail will include a rooftop resort-style pool, a pool deck with pavilions and barbeque grills, a rooftop clubhouse with a media room, fitness center and a coffee bar. The project will also feature a gaming area, a hammock garden, pet spa and bark park adjacent to the new Ludlam Trail. The average unit size will be 820 square feet, according to the release.

The project is expected to be completed in 2022.

Adjacent to Altís Ludlam Trail, apartment developer Zom Living and its partners closed on a $57.3 million construction loan in May for the first phase of the group’s Ludlam Trail project. The developers plan to build 950 apartments and up to 35,000 square feet of retail space.

The Miami-Dade County Commission approved zoning for commercial and residential developments at major intersections along the six-mile Ludlam Trail in early 2019. The trail runs from Miami International Airport south to Dadeland Station.

Altman Companies has developed, constructed, acquired and managed over 26,000 multifamily units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina since 1968, according to the release.

The Altman Companies, announced today that it has closed on its construction loan for its newest development, Altís Ludlam Trail.  Comerica Bank was the lead provider of the loan with Iberia Bank as a participating partner.

Located at the newly created Bird Road development area of the Ludlam Trail Corridor District, Altís Ludlam Trail will consist of 312 ultra-luxe apartments with an average unit size of 820-square feet and is set on approximately 2.74-acres of land. The property will be developed in a collaborative effort between The Altman Companies and The Mattoni Group, a private equity real estate investment firm that specializes in placing equity and debt with experienced operating and development partners working on transformative projects.

“We are grateful to our Altman Team, our lenders and equity investors that allowed us to close on this transaction in the midst of the Covid-19 pandemic,” said Seth Wise, Co-CEO of The Altman Companies. “We will immediately start construction and look forward to bringing an exceptional living experience to this suburban area of Miami-Dade.”

Residents of Altís Ludlam Trail will enjoy Class-A amenities including a rooftop resort-style pool, a pool deck with pavilions and BBQ grills, a rooftop clubhouse with a media room, fitness center and a coffee bar. The community will also feature workspace stations equipped with high-speed internet access, a synthetic turf gaming area, a hammock garden, pet spa and bark park immediately adjacent to the new Ludlam Trail with ample bicycle storage and fix-it station.

Altís Ludlam Trail will be a mixed use, six-story building located in proximity to the 7,500-square feet of retail space facing the well-travelled Bird Road. It will be located less than a mile from the Palmetto Expressway, two miles from the University of Miami and three miles from Coral Gables.

The Ludlam Trail is a former railway corridor that Miami-Dade County is converting into a linear park. The 6-mile stretch of abandoned rail corridor, formerly known as the Miami Beltline, runs next to four public schools, through densely populated neighborhoods, weaving together a network of assets into an interconnected civic realm binding together many different public places and amenities.

Altís Ludlam Trail is set to be completed in 2022.  For more information about Altís Ludlam Trail, please visit www.altmancos.com.

TAMPA, FL – The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, announced the opening of Altís Grand at The Preserve, an innovative first of its kind new environmentally-friendly residential community. With two distinct building design options, Altis and Ariya, an abundance of resort-style amenities that encourage a holistic and healthy lifestyle, residents will experience exceptional living and find homes that complement the balance of mind, body, and soul. Pre-leasing has begun and is scheduled to open on-time in early-June 2020.

“When the pandemic hit, we moved quickly, making sure we put our crews’ safety first and followed all CDC Guidelines, so we are ecstatic to announce the launch of the Altís Grand brand with the pre-leasing of Altís Grand at The Preserve. We know this exceptional community will fill a need for what residents in the Northwest Tampa market are currently seeking,” said Joel Altman, Co-Chief Executive Officer of The Altman Companies.

Altís Grand at The Preserve redefines the highest living standards of an active, healthy lifestyle by delivering an “Exceptional Living Experience” with amenities that raise the bar on what it means to live a life well-lived. Residents can take charge of their health by using resources at the community’s Wellness Room, equipped with a blood-pressure machine, thermometers, and consultation with a virtual doctor. Connect with your neighbors in the Wine Tasting Room for a mid-week social break, or play pinball, billiards, or shuffleboard in the game room. Movie night in the ultra-luxe theatre with lounge-style seating, surround sound, and 120″ hi-def screen means you’ll never want to drive to the movie theatre again.

Along with all these ways to connect and play within the community, the dedicated on-site Activities Director will ensure that residents always have fun events and outings to look forward to. While we will be mindful of social distancing and other safety precautions, residents will find plenty of ways to connect and enjoy where they live. Daily continental breakfast and Sunday brunch are just a part of the benefits residents of Altis Grand will enjoy thoroughly the exclusive membership to The Club at the community.

With a holistic approach, Altís Grand at The Preserve also offers solstice and retreat for self-care and solace. Located on a serene 8-acre lake, enjoy afternoon fishing on the pier or a quiet place for contemplation. Enjoy panoramic lake views as you walk your dog or jog on the multi-use trail or take your fitness indoors to the state-of-the-art fitness room with yoga studio. Pamper yourself in the Spa lounge, with residents’ spa services, like a sauna, steam room, and private massage treatment rooms, that rejuvenate the body from the stresses of the day. Residents can soak up the Florida Sunshine in the heated saltwater pool with private cabanas and oversize day beds. Even your furry friends can get pampered here in the agility course dog park and indoor dog spa.

“We look forward to bringing an elevated living experience to residents of the greater Tampa area and providing them with a standard of living they won’t find anywhere else in the market,” added Altman.

Altís Grand at The Preserve is currently offering well-appointed one-, two- and three-bedroom apartment homes ranging from 722- to 1,479-square-feet, with virtual 360-degree tours available. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a lavish soaking tub, and clear glass shower enclosures. The spacious floorplan comes complete with quartz countertops, stainless steel, front control glass cook-top stove, and upgraded energy-efficient appliances.

This well-thought-out community is designed to satisfy all types of lifestyles with two different building design options. The Altis buildings offer private entries for residents while the Ariya buildings are four-stories and provide elevator access to interior air-conditioned hallways. Most all of the 350 apartment homes have balconies and are designed with sustainability in mind.

Altís Grand at The Preserve is Green Building certified, and its sustainable initiatives include energy-efficient designer lighting, ENERGY STAR® refrigerator, dishwasher, and front-load full-size washer and dryer and a programmable thermostat with humidistat.

Located centrally at Suncoast Parkway and SR 54, Altis Grand at The Preserve is close to everything yet a world away with easy access to a nearby Park N Ride, and bike parking for a plethora of bike trails, walking trails, and scenic lakes. Top-rated schools, medical professional buildings nearby, and endless entertainment and shopping options including Publix Greenwise directly across the street, creates a community that advocates for a healthy lifestyle on-site or within a few steps of the property.

TAMPA, FLA. (PR WEB) MAY 19, 2020

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, is pleased to announce the opening of Altís Grand at The Preserve, an innovative first of its kind new environmentally-friendly residential community. With two distinct building design options, Altis and Ariya, an abundance of resort-style amenities that encourage a holistic and healthy lifestyle, residents will experience exceptional living and find homes that complement the balance of mind, body, and soul. Pre-leasing has begun and is scheduled to open on-time in early-June 2020.

“When the pandemic hit, we moved quickly, making sure we put our crews’ safety first and followed all CDC Guidelines, so we are ecstatic to announce the launch of the Altís Grand brand with the pre-leasing of Altís Grand at The Preserve. We know this exceptional community will fill a need for what residents in the Northwest Tampa market are currently seeking,” said Joel Altman, Co-Chief Executive Officer of The Altman Companies.

Altís Grand at The Preserve redefines the highest living standards of an active, healthy lifestyle by delivering an “Exceptional Living Experience” with amenities that raise the bar on what it means to live a life well-lived. Residents can take charge of their health by using resources at the community’s Wellness Room, equipped with a blood-pressure machine, thermometers, and consultation with a virtual doctor. Connect with your neighbors in the Wine Tasting Room for a mid-week social break, or play pinball, billiards, or shuffleboard in the game room. Movie night in the ultra-luxe theatre with lounge-style seating, surround sound, and 120″ hi-def screen means you’ll never want to drive to the movie theatre again.

Along with all these ways to connect and play within the community, the dedicated on-site Activities Director will ensure that residents always have fun events and outings to look forward to. While we will be mindful of social distancing and other safety precautions, residents will find plenty of ways to connect and enjoy where they live. Daily continental breakfast and Sunday brunch are just a part of the benefits residents of Altis Grand will enjoy thoroughly the exclusive membership to The Club at the community.

With a holistic approach, Altís Grand at The Preserve also offers solstice and retreat for self-care and solace. Located on a serene 8-acre lake, enjoy afternoon fishing on the pier or a quiet place for contemplation. Enjoy panoramic lake views as you walk your dog or jog on the multi-use trail or take your fitness indoors to the state-of-the-art fitness room with yoga studio. Pamper yourself in the Spa lounge, with residents’ spa services, like a sauna, steam room, and private massage treatment rooms, that rejuvenate the body from the stresses of the day. Residents can soak up the Florida Sunshine in the heated saltwater pool with private cabanas and oversize day beds. Even your furry friends can get pampered here in the agility course dog park and indoor dog spa.

“We look forward to bringing an elevated living experience to residents of the greater Tampa area and providing them with a standard of living they won’t find anywhere else in the market,” added Altman.

Altís Grand at The Preserve is currently offering well-appointed one-, two- and three-bedroom apartment homes ranging from 722- to 1,479-square-feet, with virtual 360-degree tours available. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a lavish soaking tub, and clear glass shower enclosures. The spacious floorplan comes complete with quartz countertops, stainless steel, front control glass cook-top stove, and upgraded energy-efficient appliances.

This well-thought-out community is designed to satisfy all types of lifestyles with two different building design options. The Altis buildings offer private entries for residents while the Ariya buildings are four-stories and provide elevator access to interior air-conditioned hallways. Most all of the 350 apartment homes have balconies and are designed with sustainability in mind.

Altís Grand at The Preserve is Green Building certified, and its sustainable initiatives include energy-efficient designer lighting, ENERGY STAR® refrigerator, dishwasher, and front-load full-size washer and dryer and a programmable thermostat with humidistat.

Located centrally at Suncoast Parkway and SR 54, Altis Grand at The Preserve is close to everything yet a world away with easy access to a nearby Park N Ride, and bike parking for a plethora of bike trails, walking trails, and scenic lakes. Top-rated schools, medical professional buildings nearby, and endless entertainment and shopping options including Publix Greenwise directly across the street, creates a community that advocates for a healthy lifestyle on-site or within a few steps of the property.

To learn more about Altís Grand at The Preserve, visit https://www.altisgrandpreserve.com/ or contact the leasing office at 813.710.1200

TAMPA, FL (Mar 31, 2020) – The Altman Companies, announces the completion of sale of Altís Wiregrass Ranch, located in Wesley Chapel, FL. on Mar 31, 2020. Altís Wiregrass Ranch, a newly-constructed 392-unit Class A multifamily community in Tampa. The purchaser is Atlanta-based Preferred Apartment Communities, Inc.

Altís Wiregrass Ranch is a garden-style one, two and three-bedroom apartment home community, along with two mid-rise buildings serviced by air-conditioned hallways and elevators, located in Wesley Chapel, one mile east of the Shops and Wiregrass.  Altís Wiregrass Ranch homes feature private entries in most apartments, private patio/balconies, oversize walk-in closets, a bonus closet and full-size pantry, in-unit washer dryer, quartz countertops and gray designer cabinets kitchens and baths, hardwood floors, a washer and dryer in the unit, a patio or balcony, carpet, ceiling fans and more. The Altís Wiregrass Ranch community offers access to the salt water heated swimming pool, spa and many luxurious amenities including beach-entry, car charging stations, Luxur One 24/7 package and dry-cleaning receiving service, a pet spa, a dog park, and a 24/7 all access fitness center. The community also contains green features inclosing NGBS Certification, programmable thermostats and humidistat, individual electric meter and sub metered water.  Altís Wiregrass Ranch is Located just 22 minutes from downtown Tampa, near Interstate-75.

The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, is pleased to announce that it has been retained to manage Waterview at Rocky Point located in Tampa, FL. The 288-unit community is owned by Capital Solutions, a Philadelphia-based investment firm.

“We are honored and thrilled to manage this wonderful community for Capital Solutions,” said Joel Altman, Chairman of The Altman Companies. “The Altman Companies looks forward to our new working relationship with Capital Solutions and to bring our exceptional living experience to the residents of Waterview at Rocky Point.”

Waterview at Rocky Point unit sizes vary between 780-square-feet and 1,180 -square-feet, with 1-, 2- and 3-open bedroom floor plans. The living spaces at Waterview at Rocky Point are thoughtfully designed for comfort and convenience in mind and are stylishly appointed with stainless steel appliances, wood plank flooring, brushed nickel fixtures, washer and dryer in select apartment homes, garbage disposals, large closets, private patio or balcony, LED lighting packages, faux wood window coverings and modern paint schemes with an accent wall.

Waterview at Rocky Point offers waterfront living with easy access to Pinellas and Hillsborough counties. Waterview at Rocky Point is just minutes from downtown Tampa, I-275, Veterans Expressway, Courtney Campbell Causeway and the airport, yet situated along a quiet, scenic waterway with access to the bay. Residents can enjoy the properties two sparkling pools, tennis courts, BBQ/picnic area, mini soccer field, covered playground with walking track, dog park, a fishing dock, and private boat ramp.

For more information on The Waterview at Rocky Point, please visit https://www.waterviewatrockypoint.com.

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities is pleased to announce the premier opening of Altís Grand Central, its new pedestrian-friendly residential development in the Hyde-Park neighborhood of Tampa, Florida.

Altís Grand Central’s residents will enjoy a new dimension of sophisticated apartment living, filled with first-class unbelievable amenities and an ultra-luxe style not seen in Tampa before – a place where residents will be excited to call home.

Altís Grand Central redefines the highest living standards through its unparalleled approach for providing residents with an “Exceptional Living Experience” in a single community.  The upscale 314-apartment homes have panoramic views of the Downtown and Tampa Bay area from the apartment tower’s rooftop pool and sky lounge. While relaxing, residents can enjoy Class-A amenities including a sun deck, spa, a Zen garden, outdoor movie theater, fire pit, barbecue areas, a high-tech dog park, and a dog spa. The clubroom features a gaming area with a pinball machine, PlayStation units, a movie theater, a pool table, and a chic bowling lounge.  In keeping with Grand Central District’s walkable environment, the towers now include shopping and dining on the ground floor.

“We are ecstatic that this magnificent neighborhood exists a short walk from the Oxford Exchange, restaurants and bars and is exactly what residents are currently seeking in this market,” said Joel Altman, Chairman of The Altman Companies. “Residents of Altís Grand Central are now a part of the Grand Central District, the most unique and vibrant neighborhood in Tampa.”

Altís Grand Central is currently offering well-appointed studio, one-, two- and three-bedroom apartment homes with floor plans that range from 619- to 1,380-square-feet, with secured covered parking and car charging stations on every level. Most all of the 314 apartment homes have balconies and are designed with sustainability in mind.

The nine-story towers, located at 504 West Grand Central Ave., are situated just south of the entrance to the University of Tampa and north of Tampa General Hospital, in an area that has become home to a collection of sophisticated dining, shopping and entertainment venues. The leasing office is located onsite at 504 West Grand Central Ave., and is open Monday through Friday from 9 a.m. – 7 p.m., Saturdays from 10 a.m. to 6 p.m. and on Sundays from 12 p.m. to 5 p.m.

For more information about Altís Grand Central, please visit https://altisgrandcentral.com/.

BBX Capital Real Estate, a division of BBX Capital Corporation owns 50 percent of The Altman Companies.

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce that it has been retained to manage the Promenade at Carillon Luxury Apartments located in St. Petersburg, FL. This community is owned, and asset managed by the company’s long-time client, Starlight Investments, a Canadian-based, real estate asset management firm. To date, Altman has sold four apartment communities to Starlight Investments and retained management. The communities are Altís at Grand Cypress in Lutz, FL; Altís Sand Lake in Orlando, FL; Altís Shingle Creek in Kissimmee, FL; Altís Lakeline in Austin, TX. Additionally, last Fall, Altman also began the management of two additional community’s asset managed by Starlight, Tuscany Bay and Preserve at Westchase, both located in Tampa, FL.

“We are honored and thrilled to manage this new opportunity and continue our partnership with Starlight Investments,” said Joel Altman, Chairman of The Altman Companies. “The Altman Companies look forward to bringing an exceptional living experience to the residents of Promenade at Carillon and delivering outstanding returns to Starlight.”

Promenade at Carillon unit sizes vary between 670-square-feet and 1,369-square-feet, with 1-, 2- and 3-open bedroom floor plans. Each apartment home includes stylish and updated features like an in-home washer and dryer, designer countertops in kitchen and bathroom, spacious closets, vaulted ceilings in select apartments and beautifully landscaped grounds with an attached garage. Community amenities include a fitness center with PRECOR equipment, jogging trail, resort-style pool with tanning deck, contemporary New Resident Lounge, a business center, dog park with fenced play area and outdoor grilling areas.

With easy access to Interstate 275, Promenade at Carillon is perfect for commuters across St. Petersburg, FL. These luxury apartments are in a great location, easily accessible, pet-friendly and offer competitive amenities. Surrounding the community, there is a variety of dining options where residents can explore new dining options and find restaurants for everyone to enjoy. Near the luxury St. Petersburg apartments, you can find restaurants like Courtside Grill, Tijuana Flats, and Pepo’s Cuban Café. At Promenade at Carillon, the dining options are endless. Everything you need can be found near Promenade at Carillon!

The Altman Companies and its partner Rockpoint Group closed on a 30-acre development site in Miramar for $35 million, and at the same time sold a portion of the land to a joint venture for $6 million.

Altman, led by chairman Joel Altman and CEO Jeff Roberts, acquired the plot of land on the northeast corner of Miramar Parkway and Red Road, said Thomas Godart, managing director of Godart Florida Real Estate Development. The company simultaneously sold 6.7 acres of that site to a joint venture between Master Development Partners and Konover South.

Altis, a 650-unit apartment project, will be built on Altman’s land, which is part of the 2,200-acre district known as the Miramar Regional Activity Center. PNC Bank and Comerica Bank are the construction lenders. Altman and Rockpoint broke ground on the development on Tuesday, according to a release.

Cleghorn Shoe Corp., led by the Ansin family, sold the site to Altman. Godart brokered both deals.

The Altman project will consist of Altis Miramar West, with 320 garden-style apartments, and Altis Miramar East, with 330 apartments. Some of the apartments on the ground floor will have attached garages, and the Altis development will feature a main clubhouse and linear park.

Altman first sought to rezone the property from rural uses to mixed-use development last year.

Master Development Partners and Konover South will develop about 56,000 square feet of retail space that will include outdoor dining and community space, called Miramar Park Place. The joint venture partners plan to break ground on the retail center in the first quarter of 2020. Tenants will include Flanigan’s Restaurant and Liquors, Pediatric Associates, a national coffee chain, and other service retail. It’s expected to open in the second quarter of 2021. Mike Mogerman of Trinity Commercial Group is handling leasing.

The multifamily component will include resort-style pools, fitness centers with spin and yoga studios, and dog parks and dog spas. Units at Altis Miramar West will average 1,062 square feet, and 941 square feet at Altis Miramar East. The project will also have a co-working center, theater room and indoor bike storage. Altman and Rockpoint plan to completed the apartment communities by September 2021.

Apartment construction has been booming in South Florida, but some say the market is beginning to slow down.

“The kinds of projects that are going to get done today are these kinds of projects,” Godart said, referring to the Altman development. “This is one of those locations that stands out. This is known as the gateway to Miramar.”

Earlier this year, FCI Residential closed on a $54.1 million construction loan for Catalina at Miramar, an apartment project between Flamingo Road and Red Road just south of the Homestead Extension of the Florida Turnpike.

A developer also recently scored a $42 million U.S. Housing and Urban Development loan to start construction of Boardwalk 280, a 280-unit garden-style apartment complex in Miramar near the planned American Dream Miami mall.

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, announced today that it has closed on the land and its construction loan and held a Groundbreaking Ceremony for its two newest developments in Miramar. Altman partnered with Rockpoint Group, a Boston-based real estate private equity firm, in the transaction. PNC Bank and Comerica Bank provided the construction loan for the development.

Located at the northwest corner of Red Road and Miramar Parkway in the City of Miramar is one of the last remaining garden development sites in Broward County. The development consists of two distinct communities within a larger master planned development that will feature spacious floorplans with energy efficient appliances, designer kitchens, spa-inspired baths, private balconies and several with attached garages. Residents can indulge in their resort-style heated pools ringed by pavilions, relax in tropical landscaping and cabanas, work out in the 24-7 fitness centers complete with spin and yoga studios, and pet lovers can pamper their four-legged friends in the dog-parks and dog-spas. Common to both the properties will be 60,000 square feet of retail and entertainment space. The apartment communities will be separated by a linear public park featuring pedestrian and bicycle trails, picnic areas, and connections to the Miramar Town Center.

The communities are convenient to transportation arteries (Florida Turnpike and Interstate-75), employment centers (6 million square feet Miramar Park of Commerce), and entertainment districts (400,000 square feet Shops at Pembroke Gardens). They will have a total of 650 upscale apartment homes, within a larger master planned development. Altís Miramar West will feature 320 ultra-luxe garden style apartments at an average unit size of 1,062 square feet, set on approximately 14 acres, whereas the mid-rise, Altís Miramar East, will consist of 330 apartments with an average unit size of 941 square feet set on approximately 9.7 acres.

Additionally, the communities will feature a co-working center with private conference rooms for those residents working from home, a private theater room and an indoor, airconditioned bike storage room for the avid bikers.

“We are thrilled to begin the construction process on Miramar,” said Joel Altman, Chairman of The Altman Companies. “We look forward to bringing an exceptional living experience to this suburban area of Broward County where we will provide residents with a standard of living, they won’t find anywhere else in the market.”

The City of Miramar is one of the fastest growing southwest Broward County suburbs. Miramar has the 15th fastest growing economy of medium-sized cities, and over the past five years, both employment and population growth have exceeded 10%, outpacing the national and regional averages.

The communities are set to be completed by September 2021.

The Altman Cos. is expanding its Altís-branded apartment communities with two new developments in Miramar, Fla., that will feature a total of 650 upscale residences upon completion in September 2021. Altís Miramar East, with 330 apartments, and Altís Miramar West, with 320 residences, will be part of a larger master-planned development built on one of the last remaining garden development sites in Broward County.

The firm partnered with Rockpoint Group to buy the two sites for a total of $26.5 million. The Altman Cos. also sold 7 acres for $6 million to Konover South LLC, in partnership with Master Development Partners, to develop Miramar Park Place, a 56,600-square-foot upscale retail center that will be close to both of the residential developments. In addition to closing on the land transactions this week, The Altman Cos. also closed on a construction loan for the Altís developments from PNC Bank and Comerica Bank and held a groundbreaking ceremony.

Altís Miramar West, situated on 14 acres, will have ultra-luxe garden-style apartments with an average unit size of 1,062 square feet. Altís Miramar East will feature mid-rise buildings with an average unit size of 941 square feet and set on nearly 10 acres. Both communities will feature energy efficient appliances, designer kitchens, spa-inspired baths, and private balconies. Some residences will have attached garages. The properties will have resort-style heated pools surrounded by pavilions and cabanas, fitness centers with spin and yoga studios, dog parks and dog spas. The communities will also feature a co-working center with private conference rooms for residents working from home, a private theater room and an indoor, air-conditioned bike storage room.

Booming Location

Konover South CEO David Coppa said in a prepared statement construction is expected to being in the first quarter of 2020 on the retail center. He said it is slated to include a Flanigan’s Restaurant and Liquors, Pediatric Associates, a national coffee chain plus neighborhood services when it opens in the second quarter of 2021.

Also located at the northwest corner of Red Road and Miramar Parkway in Miramar, the Altís communities are convenient to the Florida Turnpike and Interstate 75; employment centers, including the 6 million-square-foot Miramar Park of Commerce; and shopping entertainment districts, including The Shops at Pembroke Gardens, a 400,000-square-foot retail center. The apartment communities will be separated by a public park featuring pedestrian and bike trails, picnic areas and connections to the Miramar Town Center.

Among The Altman Cos.’ South Florida properties are Altís Boca Raton and Altís Pembroke Gardens. Central Florida communities include Altís Wiregrass Ranch in Wesley Chapel, Fla.; Altís Promenade in Lutz, Fla.; and Altís Grand Central in Tampa, Fla. The firm has several properties under construction or in the pipeline in Florida including Altís Preserve in Tampa; Altís Lake Willis in Orlando, Fla.; and three in the Miami metro area.

BBX Capital Real Estate, a division of BBX Capital Corp., currently owns 50 percent of The Altman Cos. Nearly a year ago, Altman sold Altís Shingle Creek in Kissimmee, Fla., a 356-unit luxury community near Orlando, to Starlight U.S. Multi-Family.

Boca Raton, Florida-based rental apartment community manager Altman Companies has been retained to manage Tuscany Bay and Preserve at Westchase, two northwest Tampa communities located within the Westchase submarket. Both communities are owned by the company’s long-term client, Starlight Investments, a Canadian-based asset management firm.

“We are excited to take on this management role and we are thrilled to receive the assignment for Starlight Investments,” said Joel Altman, Chairman of The Altman Companies. “We look forward to bringing an exceptional living experience to the residents of Tuscany Bay and Preserve at Westchase that only The Altman Companies can.”

To date, Altman has sold four apartment communities to Starlight Investments and retained management. The communities are Altis at Grand Cypress in Lutz, Florida, Altis Sand Lake in Orlando, Florida, Altis Shingle Creek in Kissimmee, Florida, and Altis Lakeline in Austin, Texas. With the management of Tuscany Bay and Preserve at Westchase, Altman Management Company, a subsidiary of The Altman Companies, will have a total of 2,000 apartment homes under the Starlight ownership in its management portfolio.

Tuscany Bay’s unit sizes vary between 714 square feet and 1,344 square feet, with one-, two- and three-bedroom floor plans. Amenities include a fitness center, controlled access gate, pool with sundeck, indoor basketball court, a business center and 24/7 Emergency Maintenance Service.

Preserve at Westchase’s unit sizes vary between 689 square feet and 1,276 square feet with one-, two- and three-bedroom floor plans. Community amenities include a fitness center, controlled access gate, pool with sundeck, indoor basketball court, a business center and 24/7 emergency maintenance service.

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce that Altís Promenade in Tampa, Fla. has been awarded National Green Building Standard (NGBS) Silver Certification. Since 2015, beginning with Altís Sand Lake, all Altís communities developed by The Altman Companies have been NGBS or LEED-certified.

To earn National Green Building Standard certification, a multifamily building must meet rigorous criteria in six categories – Lot & Site Development; Resource Efficiency; Energy Efficiency; Water Efficiency; Indoor Environmental Quality; and Homeowner Education. There are mandatory practices in each category that every Green Certified home or building must meet, and there are a wide range of additional optional practices in each category that a builder can select based on the applicability to buyers or renters in their market. There are also mandatory point minimums in every category in order for a building to attain the next level of certification, which is a more stringent requirement than any other national certification program.

Altís Promenade’s sustainable initiatives include energy-efficient designer lighting, high-efficiency water heaters, ENERGY STAR® refrigerators, dishwashers, washers, and programmable thermostats with humidistats. The development also maintains a small carbon footprint with on-site recycling, Green amenities, convenient bike storage racks, and a bike workshop.

“We’re thrilled to have received the honor of NGBS Certification at Altís Promenade,” said Joel Altman, Chairman & CEO of The Altman Companies. “The Altman Companies is committed to be an industry leader in NGBS and LEED-certified properties that offers Green amenities and energy-efficient features throughout our communities.”

Altís Promenade provides an upscale apartment lifestyle. Each 1, 2, or 3-bedroom apartment home is complete with contemporary designer finishes, meticulous attention to details and every convenience one can think of – including private entries and elevator-access options. Altís residents will experience the true meaning of elegant living with chef-inspired kitchens, captivating views, personalized services, technological advancements and sustainable initiatives blended throughout the exquisite community.

Altís Promenade redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents of Altís Promenade will enjoy Class-A amenities including a heated salt water pool, private cabanas, a dog park and a dog spa, a cybercafé, yoga & aerobics studio, a poker lounge/wine tasting room and an ultra-luxe theater with lounge-style seating, surround sound and a 120-inch movie screen. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplans come complete with quartz countertops, stainless steel and upgraded energy-efficient appliances.

To learn more about Altís Promenade, please visit https://altispromenade.com or contact the leasing office at 813-940-8499.

BBX Capital Real Estate, a division of BBX Capital Corporation, a New York Stock Exchange company, currently owns 50% of The Altman Companies.

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce that Altís Promenade in Tampa, Fla. has been awarded National Green Building Standard (NGBS) Silver Certification. Since 2015, beginning with Altís Sand Lake, all Altís communities developed by The Altman Companies have been NGBS or LEED-certified.

To earn National Green Building Standard certification, a multifamily building must meet rigorous criteria in six categories – Lot & Site Development; Resource Efficiency; Energy Efficiency; Water Efficiency; Indoor Environmental Quality; and Homeowner Education. There are mandatory practices in each category that every Green Certified home or building must meet, and there are a wide range of additional optional practices in each category that a builder can select based on the applicability to buyers or renters in their market. There are also mandatory point minimums in every category in order for a building to attain the next level of certification, which is a more stringent requirement than any other national certification program.

Altís Promenade’s sustainable initiatives include energy-efficient designer lighting, high-efficiency water heaters, ENERGY STAR® refrigerators, dishwashers, washers, and programmable thermostats with humidistats. The development also maintains a small carbon footprint with on-site recycling, Green amenities, convenient bike storage racks, and a bike workshop.

Altís Promenade provides an upscale apartment lifestyle. Each 1, 2, or 3-bedroom apartment home is complete with contemporary designer finishes, meticulous attention to details and every convenience one can think of – including private entries and elevator-access options. Altís residents will experience the true meaning of elegant living with chef-inspired kitchens, captivating views, personalized services, technological advancements and sustainable initiatives blended throughout the exquisite community.

Altís Promenade redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents of Altís Promenade will enjoy Class-A amenities including a heated salt water pool, private cabanas, a dog park and a dog spa, a cybercafé, yoga & aerobics studio, a poker lounge/wine tasting room and an ultra-luxe theater with lounge-style seating, surround sound and a 120-inch movie screen. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplans come complete with quartz countertops, stainless steel and upgraded energy-efficient appliances.

To learn more about Altís Promenade, please visit https://altispromenade.com.

COMMERCIAL REAL ESTATE DEVELOPERS

Ranked by new rentable square feet developed in South Florida in 2018

The Altman Cos. ranks #2 with 1 million new square feet developed in 2018, 3 South Florida projects completed in 2018, all multifamily: Altís Boca Raton, Altís Bonterra and Altís Pembroke Gardens.

Category: Best Green Project

Nominee: Altís Pembroke Gardens

Company: The Altman Cos.

See the online article here

Joel Altman

CHAIRMAN, ALTMAN COS., BOCA RATON

Altman is the fourth generation of a real estate family. As founder of the Altman Cos., he has developed, acquired and managed more than 25,000 apartment and condo units in the Midwest and Southeast during the past 50 years. His Boca Raton-based concern is best known for its Altís-branded apartments, including the recently completed Altís Boca Raton. Last year, Fort Lauderdale-based BBX Capital Real Estate acquired a 50% stake in the Altman Cos. for $22.7 million. BBX plans to acquire an additional 40% stake for $9.4 million in three years, and Altman has an option to require BBX to buy the remaining 10% stake for $2.4 million.

A Philadelphia native, Altman was 12 when he began working for his father building homes. He received a bachelor’s degree in building construction from Michigan State University and began his career in East Lansing with an 84-unit apartment project. In 1983, he opened a regional office in Boca Raton and four years later moved his entire operation to South Florida.

As a philanthropist, he has contributed to numerous charities, including the Dan Marino Foundation and St. Jude Children’s Research Hospital.

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Compass Commercial launched in South Florida with former KW Commercial broker

The Altman Companies promoted Timothy Peterson to chief operating officer and hired Robert Rabin as chief financial officer. Peterson joined the company in 2003 as CFO and partner. Rabin has more than 25 years of experience in finance and accounting.

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The property sold for $286,624 per unit

BBX Capital Real Estate and Altman Companies sold the 314-unit Altís at Bonterra apartment complex in Hialeah to AvalonBay Communities for $90 million.

The joint venture sold the property at 3645 West 98th Street for $286,624 per unit, records show.

The property spans 14 acres off of I-75 in the far western side of Miami-Dade County. Construction began in the first quarter of 2016 and was completed during 2017, according to a press release from BBX Capital.

Amenities include a heated saltwater pool, a fitness center, a movie theater, a Starbucks lounge and internet café, and a game room. Monthly rents for one-bedroom apartments start at $1,590, according to Altís at Bonterra’s website.

Arlington, Virginia-based AvalonBay Communities is a publicly traded real estate investment trust that invests in apartments and has owned over 78,365 multifamily units. In October, AvalonBay purchased Alexander Living, a 20-story, 205-unit rental building in West Palm Beach for $103 million.

BBX Capital Real Estate’s parent company, Fort Lauderdale-based BBX Capital, is a diversified portfolio company led by Alan Levan. The company owns a 90 percent interest in Bluegreen Vacations, a timeshare vacation rental company. In December, BBX Capital’s real estate arm purchased a 50 percent interest in Altman Companies, a Boca Raton-based multifamily housing developer, for $22.7 million.

Hialeah is seeing an influx of new development. Just this month, Coral Rock Development Group and Arena Capital Holdings secured a $12.75 million loan from BB&T Bank for Pura Vida Hialeah. The 9-acre development will have 260 apartment units and 51,000 square feet of retail space at 2901 to 3099 West 16th Avenue and 1571 West 29th Street.

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The year-old Altís Bonterra apartments in Hialeah were sold for $90 million.

Bonterra Multifamily Real Estate, a joint venture between Boca Raton-based the Altman Cos. and Fort Lauderdale-based BBX Capital Corp. (NYSE: BBX), sold the 314 apartments at 3545 W. 98th St. to Avalon Bonterra, LLC, an affiliate of Arlington, Virginia-based AvalonBay Communities (NYSE: ABV), Robert Given of Cushman Wakefield brokered the sale.

The price equated to $286,624 per unit.

In a news release, BBX said it received a distribution of $46 million, from its investment in the project. As of June 30, its investments in Bonterra was valued at $17.3 million on its balance sheet, so the deal should result in a nice gain.

“Over the past 50 years, we’ve developed and assembled a portfolio of rental properties that has redefined the exceptional living experience in Florida and across the country,” said Joel Altman, chairman and CEO of the Altman Cos. “With a pipeline of new and exciting developments on the horizon, the timing was right to sell this community.”

Amenities in the three-story apartment complex include a pool with Tiki puts, a summer kitchen and a 5,900-square-foot clubroom.

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BOCA RATON, Fla. (August 12, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce today, the promotion of Timothy Peterson to Chief Operating Officer, and the addition of Robert Rabin as Chief Financial Officer.

Tim Peterson joined The Altman Companies in 2003 as Chief Financial Officer and Partner.  He assumed the additional role of Chief Investment Officer in 2015, which he will continue with.   Previously, he was the Executive Vice President and Chief Financial Officer of a real estate investment trust (REIT) that developed, acquired, managed and leased industrial and office properties throughout the eastern United States.  Prior to that, he was the Executive Vice President of Post Properties, Inc., where he oversaw the financial area.  Peterson was integral to Post’s Initial Public Offering in July 1993, where he directed the day-to-day coordination of the accountants, attorneys, and investment bankers involved in completing the transaction.

In his role as Chief Operating Officer, Peterson is responsible for managing the day-to-day operating activities of the development, construction and management divisions of The Altman Companies. In addition, he manages all the equity and debt relationships of the company. Peterson chairs the investment committee and also oversees the strategic planning and budgeting processes for the company.

“Tim is a great partner and was responsible for obtaining the funding for our growth as well as managing our investment process during which time he formed solid relationships with all of the senior members of our executive team,” said Joel Altman, Chairman of The Altman Companies. “He is an important part of our success and our future. As COO, Tim will continue his involvement in the operation of the company, ensuring our team remains focused strong and helping the firm run smoothly as we continue to grow.”

Peterson also serves on the Board of Directors and chairs the audit committee for Preferred Apartment Communities (NYSE:APTS), a role he’s had since the company completed its IPO in 2011.  He is an active member of the Urban Land Institute and a member of the Multi-Family Bronze Council.  Peterson was a member of the National Association of Real Estate Investment Trusts where he served as Co-Chairman of its Accounting Committee, and a member of the Best Financial Practices Task Force.  He is a member of the Executive Committee of the University of Florida Real Estate Advisory Board having previously served as Treasurer, and a past Director and Treasurer of The Please Touch Museum, a children’s museum in Philadelphia.

Peterson, a native of St. Petersburg, Florida, received his undergraduate degree in Accounting and his MBA in Finance from the University of Florida.  He is a Certified Public Accountant.

Joining The Altman Companies team is Rob Rabin as Chief Financial Officer. Rabin brings more than 25 years of knowledge and experience in the fields of finance and accounting.

“Rob brings tremendous skills to our finance and accounting team from his experience at several growing companies where he was instrumental in providing the financial vision, strategy and leadership to help the organizations get to the next level,” adds Altman. “With Rob at the finance helm, I’m confident we’ll be well positioned to meet our growth goals moving forward.”

In his role as Chief Financial Officer, Rabin will be responsible for the financial reporting, IT, internal controls, budgeting, tax planning and compliance, forecasting and cash management functions for the development, construction and property management divisions of the company.

He has more than 25 years of financial and accounting experience in South Florida, particularly in the real estate and property management industries, most recently at Penn-Florida Companies where he served as its Chief Financial Officer. Prior to Penn-Florida, Rabin worked at FirstService Residential, serving in various capacities including Chief Financial Officer and Chief Operating Officer of their Florida business.

Rabin has a Bachelor’s Degree in Business Administration from Boston University and is also a licensed Certified Public Accountant (CPA), having spent 10 years at PricewaterhouseCoopers in Miami.

Rabin has lived in Boca Raton for more than 20 years and is married with two children in college.  His son is currently attending the University of Florida, while his daughter is studying at Cornell. He enjoys tennis, golf, and reading.

BBX Capital Real Estate, a division of BBX Capital Corporation, a New York Stock Exchange company, currently owns 50% of The Altman Companies.

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

Altman Cos. acquired a church in Miami’s Little Havana and obtained a construction loan to replace it with an apartment and retail project.

Casa de Vida y Bendecion Inc., a nonprofit, sold the 1.96-acre site at 2100 S.W. Eighth St. (Calle Ocho) for $7 million to Altís LH – Miami Realty LLC, an affiliate of Boca Raton-based Altman Cos. Miami-based City National Bank of Florida provided a $36.06 million construction loan to the buyer.

The 40,075-square-foot church, which was built in 1945, was recently home to Ministerio Manases. However, this has become part of a trend of South Florida churches cashing in with lucrative deal with developers.

Altís Little Havana was approved for 229 apartments and 10,500 square feet of retail in up to eight stories. The building would total about 332,000 square feet. Amenities would include a pool, a fitness center, a media room and a design room.

It was designed by Anillo Toledo Lopez.

There would be a pedestrian paseo from Southwest Eighth Street to Southwest Ninth Street. The retail would be along Southwest Eighth Street.

Altman Cos. is 50% owned by Boca Raton-based BBX Capital Corp. (NYSE: BBX).

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The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is proud to announce that its Altís Shingle Creek community, located in Kissimmee, FL, achieved stabilization by reaching 94% occupancy this month.

The property, located at 4350 Osceola Trail Road, is just east of Disney World and situated on the south side of Osceola Parkway between Vineland Road and John Young Parkway. The 356-unit apartment community is NGBS certified and features breathtaking views of Shingle Creek’s estuary.

“We’re overjoyed at the response from the community to our Shingle Creek Community,” said Joel Altman, Chairman of The Altman Companies. “Our company prides itself on creating an exceptional living experience for our residents.

Altís Shingle Creek features spacious one-, two-, and three-bedroom apartment homes with chef-quality kitchens, wood-style plank flooring, and spa-inspired baths. Each resident has a private, covered entrance to his or her apartment, an Altman-exclusive design that eliminates breezeways. Select units includes a direct access attached garage. Residents are also able to utilize a bicycle storage room with complimentary bike maintenance and repair equipment.

Altís Shingle Creek is a pet-friendly community, with an indoor dog spa dedicated for pet grooming, neighborhood walking paths and a dog park.

The elegant clubhouse provides numerous amenities unique to the area. The upbeat contemporary theme of the clubhouse is designed to evoke the distinctiveness of the community, while also providing a welcoming sense of belonging.

Altís Shingle Creek is composed of 24-plus net acres on the south side of West Osceola Parkway, located minutes away from Downtown Orlando. Located approximately 2.5 miles from heavily traveled Interstate-4, Altís Shingle Creek provides convenient access to many of Central Florida’s growing employment centers. In addition to its world renown resorts (Walt Disney World, Sea World, and Universal Orlando), the region is emerging as a national leader in healthcare and advanced manufacturing.

Last November, Altman sold the apartment community to a joint venture which includes Starlight Investments, a privately held Toronto-based, full service, multi-family and commercial real estate investment and asset management company. Starlight Investments is also the asset manager of Altman-built and managed Altís Sand Lake in Orlando, Altís Grand Cypress in Lutz, Florida, and Altís Lakeline in Austin, Texas.

BBX Capital Real Estate, a division of BBX Capital Corporation, a New York Stock Exchange company, currently owns 50% of The Altman Companies.

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Keys to the Michel Family’s New Home was handed over during a Golden Key Ceremony on Monday, May 13^th

Delray Beach, Fla. (May 22, 2019) –  The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, in partnership with Habitat for Humanity of South Palm Beach County (HFHSPBC) and its Home Builders Blitz program, presented a new home to the Habitat Partner Family of Micheline Michel during a Golden Key Ceremony on Monday, May 13^th.

Representatives from The Altman Companies and HFHSPBC were both present during the ceremony to hand over the keys to Micheline Michel and welcome her to her new home. The newly constructed three-bedroom, two-bathroom house, located in Delray Beach, is now home to Micheline, a registered nurse, and her 14-year-old son Menchely. Through the Habitat Partner Family program, Michel qualified for a zero-interest mortgage that required 500 hours of “sweat equity” in helping to build other Habitat homes and 100 hours in financial literacy and homeownership education.

The Altman Companies built the home in just over two weeks, donating $200,000 in materials and professional labor.

The HFHSPBC Home Builders Blitz annually brings together professional, commercial and residential powerhouse builders for one shared purpose – to build safe and affordable housing for families in need of a decent place to call home.

Photo Id’s: https://www.dropbox.com/sh/q3753qryqwx5a2x/AADWGQAcV3TtTW219DoHnp5Ua?dl=0

(Photo Courtesy: Habitat for Humanity of South Palm Beach County)

P1. New Homeowners Menchely and Micheline Michel, Joel Altman, Chairman of The Altman Companies and Gary Glenewinkel, Co-Managing Member of Altman Glenewinkel Construction

P2. Randy Nobles, CEO & President of HFHSPBC; Timothy Peterson, Chief Financial Officer of The Altman Companies; Gary Glenewinkel, Co-Managing Member of Altman Glenewinkel Construction; New Homeowners Micheline and Menchely Michel; Joel Altman, Chairman, The Altman Companies; Jeffrey Buising, Executive Vice President and Chief Operating Officer of The Altman Companies; and Kirk Conners Project Manager Altman Glenewinkel Construction

P3.  The Michel family receiving their Certificate of Completion from Holly Carson, Director of Homeowner Services for HFHSPBC; and Kesley Mesalien, Homeowner Services Coordinator for HFHSPBC

P4. The Michel family receiving a housewarming basket from Kari Oeltjen, VP & Chief Development Officer of HFHSPBC

P5. New Homeowners Micheline and Menchely Michel

P6. Joel Altman, Chairman of The Altman Companies handing over the key to the Michel Family

P7. Golden Key Ceremony attendees Blessing the home

BBX Capital Real Estate, a division of BBX Capital Corporation, owns 50 percent of The Altman Companies.

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 26,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Since 2017 Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and four in Central Florida: Altís Shingle Creek, Altís Wiregrass Ranch, Altís Promenade Altís Grand Central, the nine-story mid-rise development just south the University of Tampa and north of Tampa General Hospital.  Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including Altís Preserve in Tampa, Altís Miramar in Miramar and Little Havana in Miami. Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate: BBX Capital Real Estate, a division of BBX Capital Corporation, is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For further information, please visit: https://www.bbxcapital.com/bbx-capital-real-estate/overview/.

About Habitat for Humanity of South Palm Beach County Home Builders Blitz:

The HFHSPBC program is part of a national Habitat for Humanity Blitz Build tradition that began in 2002 when Habitat for Humanity of Wake County, North Carolina part­nered with a local homebuilder to build 12 Habitat homes in five days. Through the Home Builders Blitz program, professional general contractors and commercial builders get to use their skills and industry relationships to exponentially grow Habitat’s work and maximize its efforts in South Palm Beach County. By also providing significant funding, labor and materials, it allows HFHSPBC to serve even more Habitat Partner Families in the affiliate’s communities of Boca Raton, Delray Beach and Boynton Beach. Bringing people together to build homes, community and hope though a “hand up”, the nonprofit 501(c)(3) organization supports its belief that affordable housing plays a critical role in strong and stable communities. For more information on the HFHSPBC Home Builders Blitz program, contact Kari Oeltjen, HFHSPBC Vice President and Chief Development Officer at koeltjen@hfhboca.org or (561) 819-6070 or visit www.habitatsouthpalmbeach.org.

The ultra-luxe, pedestrian friendly residential development is scheduled to open late-Summer

TAMPA, FL (May 10, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce that pre-leasing has begun for Altís Grand Central, its new pedestrian-friendly residential development in the Hyde-Park neighborhood of Tampa, Florida. Altís Grand Central residents will experience a new dimension of sophisticated apartment living, filled with first-class amenities and an ultra-luxe style – a place that they will be excited to call home.

Altís Grand Central redefines the highest living standards through its unparalleled approach for providing residents with an “Exceptional Living Experience” in a single community.  Residents of the upscale 314-apartment homes will experience panoramic views of the Downtown area and Tampa Bay from the apartment tower’s rooftop sky lounge and a heated pool. While relaxing, they will enjoy Class-A amenities including a sun deck, his-and-her spa, a Zen garden, fire pit, barbecue areas, a high-tech dog park and a dog spa for pet owners. The clubroom will feature a gaming area with a pinball machine, PlayStation units, a movie theater, a pool table and a chic bowling lounge.  In keeping with Grand Central District’s walkable environment, the towers will have shopping and dining on the ground floor.

“We are ecstatic that the pre-leasing process has begun for Altís Grand Central and we are sure this magnificent community will fill a need for what residents are currently seeking,” said Joel Altman, Chairman of The Altman Companies. “Residents of Altís Grand Central will be part of the Grand Central District, the most unique and vibrant neighborhood in Tampa. They will be a part of Tampa’s cosmopolitan experiences that are just steps from work or just a brief walk or bus-ride to Downtown.”

Altís Grand Central is offering well-appointed studio, one-, two- and three-bedroom apartment homes with floor plans that range from 619- to 1,380-square-feet, with secured parking and car charging stations on every level. Most all of the 314 apartment homes will have balconies. The buildings and apartments were designed with sustainability in mind.

The nine-story towers, located at 504 West Grand Central Ave., are situated just south of the entrance to the University of Tampa and north of Tampa General Hospital, in an area that has become home to a collection of sophisticated dining, shopping and entertainment venues. The pre-leasing office is located at 442 W. Kennedy Blvd., #310, Tampa, FL, and is open Monday through Friday from 9 a.m. – 6 p.m.

For more information about Altís Grand Central, please visit https://altisgrandcentral.com/.

BBX Capital Real Estate, a division of BBX Capital Corporation owns 50 percent of The Altman Companies.

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 26,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Since 2017 Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and four in Central Florida: Altís Shingle Creek, Altís Wiregrass Ranch, Altís Promenade Altís Grand Central, the nine-story mid-rise development just south the University of Tampa and north of Tampa General Hospital.  Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including Altis Preserve in Tampa, Altis Miramar in Miramar and Little Havana in Miami. Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation, is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

The Altman Companies has been named a Home Innovation NGBS Green Partner of Excellence for 2018. This is the third consecutive year that The Altman Companies has received this honor.

The Altman Companies, based in Boca Raton, Fla., has constructed four apartment communities that were NGBS Green Certified by Home Innovation Research Labs including Altís Sand Lake, Altís Bonterra, Altís Shingle Creek (pictured) and Altís Wiregrass Ranch, as well as two communities that are under construction that are going for the NGBS Certification (Altís Promenade and Altís Grand Central).

Additionally, Altman has in its portfolio two mid-rise communities that are LEED-certified (Altís Boca Raton and Altís Pembroke Gardens).

Both properties maintain a small carbon footprint with onsite recycling, “green” amenities, electric-car charging stations, convenient bike storage racks, bike workshop, energy-efficient designer lighting, ENERGY STAR® appliances and a high-efficiency water heater. The properties are smoke-free.

To earn certification to the National Green Building Standard (NGBS), a rental property must meet criteria in six categories: Lot & Site Development; Resource Efficiency; Energy Efficiency; Water Efficiency; Indoor Environmental Quality; and Homeowner Education. There are mandatory practices in each category that every green-certified home or building must meet, and there are a wide range of additional optional practices in each category that a builder can select based on the applicability to buyers or renters in their market. There are also mandatory point minimums in every category for a building to attain the next level of certification, which is a more stringent requirement than any other national certification program.

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CEDAR PARK — The Altman Companies has sold Altís Lakeline at 12700 Ridgeline Blvd. to a partnership including Starlight Investments.

The 354-unit multifamily property was built in 2017 and offers one-, two- and three-bedroom apartments.

Amenities include a Starbucks lounge, internet cafe, pet park with agility course, and poker lounge.

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Baton Raton, Florida-based The Altman Companies sold Altís Lakeline, a Cedar Park apartment complex next to Lakeline Mall.

Altís Lakeline was built in 2017 and has 354 units. It was most recently valued for trax purposes at $56.8 million, though those valuations are typically below market value. The sale closed April 1 and the buyer was a partnership that included Canada-based Starlight Investments. The purchase price wasn’t disclosed.

The Altman Companies has developed, constructed, acquired and managed more than 25,000 multifamily residences in Florida, Michigan, Illinois, Tennessee, Georgia, Texas, and North Carolina. BBX Capital Real Estate, which is a division of BBX Capital Corp. (NYSE: BBX), owns 50 percent of Altman, which will be retained as the property management company for Altís Lakeline.

Altís Lakeline contains one-, two- and three-bedroom apartments; amenities include a Starbucks lounge, internet cafe pet park with agility course and a poker lounge.

https://www.bizjournals.com/austin/news/2019/04/16/3-apartment-complexes-on-austins-north-side-sell.html

From Altman Companies: The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce that pre-leasing has begun for Altís Promenade, its newest ultra-luxe, state-of-the-art amenity-filled apartment community, located in the heart of Lutz, Florida, one of the state’s fastest growing cities.

The spectacular community provides an upscale apartment lifestyle. Each 1, 2, or 3-bedroom apartment home is complete with contemporary designer finishes, meticulous attention to details and every convenience one can think of – including private entries and elevator-access options. Altís residents will experience the true meaning of elegant living with chef-inspired kitchens, captivating views, personalized services, technological advancements and sustainable initiatives blended throughout the exquisite community.

“We are ecstatic about the pre-leasing process on Altís Promenade and we know this community will fill a need for what residents are currently seeking” said Joel Altman, Chairman of The Altman Companies. “We look forward to bringing an exceptional living experience to residents of the Tampa area again and providing them with a standard of living they won’t find anywhere else in the city.”

Altís Promenade redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents of Altís Promenade will enjoy Class-A amenities including a heated salt water pool, private cabanas, a dog park and a dog spa, a cyber café, yoga & aerobics studio, a poker lounge/wine tasting room and an ultra-luxe theater with lounge-style seating, surround sound and a 120-inch movie screen. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floor plans come complete with quartz countertops, stainless steel and upgraded energy-efficient appliances.

Altís Promenade is National Green Building certified and its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer and programmable thermostat with humidistat.

BBX Capital Real Estate owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

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The community will feature 354 upscale apartment homes accompanied by Class-A amenities

AUSTIN, TX (April 15, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, announces the completion of the sale of Altís Lakeline, located in Austin, TX, on Monday, April 1. The purchaser is a partnership which includes long-time client, Starlight Investments, who currently own several Altís branded communities including Altís Shingle Creek, Altís Sand Lake and Altís at Grand Cypress. The Altman Companies will be retained as the property management company for Altís Lakeline.

Altís Lakeline, located at 12700 Ridgeline Boulevard and situated in the growing city of Cedar Park, features chic 1-, 2-and 3-bedroom apartment homes, complete with designer finishes and personalized services – several with private entrances and attached direct-access garages. Located across the street from shopping and entertainment, and in close proximity to several schools, medical centers, nightlife hotspots, major area employers and the Capital Metro Transit.

“We are thrilled to complete the sale of Altís Lakeline to Starlight Partners,” said Joel Altman, Chairman of The Altman Companies.  “Starlight is a long-time, trusted client who we know will work hand-in-hand with us as we continue to bring an exceptional living experience to residents of the Austin area and provide them with a standard of living, they won’t find anywhere else in the market.”

Residents of Altís Lakeline enjoy Class-A amenities including a Starbucks lounge, Internet café, poker lounge, game room, 24/7 fitness center, yoga & aerobics studio, ultra-luxe theater, automated 24/7-access package pickup, dog washing and grooming station, pool and spa featuring private cabanas and oversized day beds, private poolside putting green, outdoor BBQ station, pet park with agility course, on-site auto detail, electric car charging station, live program and on the spot and more.

In addition to its prime location, Altís has “Green” features and a 100 percent smoke-free apartment community with a top-notch recycling program. Also, units feature Aquatherm® Natural Gas water heaters, ENERGY STAR® appliances, 100 % energy-efficient lighting and more. All units feature spacious floor plans, plantation-style window blinds, oversized walk-in closets, USB charging stations, built-in desk with granite countertop, valet trash pickup and more.

BBX Capital Real Estate owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE BBX), is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

TAMPA, FL (April 12, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce that pre-leasing has begun for Altís Promenade, its newest ultra-luxe, state-of-the-art amenity-filled apartment community, located in the heart of Lutz, Florida, one of the state’s fastest growing cities.

The spectacular community provides an upscale apartment lifestyle.  Each 1, 2, or 3-bedroom apartment home is complete with contemporary designer finishes, meticulous attention to details and every convenience one can think of – including private entries and elevator-access options. Altís residents will experience the true meaning of elegant living with chef-inspired kitchens, captivating views, personalized services, technological advancements and sustainable initiatives blended throughout the exquisite community.

“We are ecstatic about the pre-leasing process on Altís Promenade and we know this community will fill a need for what residents are currently seeking” said Joel Altman, Chairman of The Altman Companies.  “We look forward to bringing an exceptional living experience to residents of the Tampa area again and providing them with a standard of living they won’t find anywhere else in the city.”

Altís Promenade redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents of Altís Promenade will enjoy Class-A amenities including a heated salt water pool, private cabanas, a dog park and a dog spa, a cyber café, yoga & aerobics studio, a poker lounge/wine tasting room and an ultra-luxe theater with lounge-style seating, surround sound and a 120-inch movie screen. Interior features include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floor plans come complete with quartz countertops, stainless steel and upgraded energy-efficient appliances.

Altís Promenade is National Green Building certified and its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer and programmable thermostat with humidistat.

To learn more about Altís Promenade, visit https://altispromenade.com or contact the leasing office at 813-940-8499.

BBX Capital Real Estate owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE BBX), is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, has been named a Home Innovation NGBS Green Partner of Excellence for 2018. This is the third consecutive year that The Altman Companies has received this honor.

The Altman Companies has constructed four apartment communities that were NGBS Green Certified by Home Innovation Research Labs including Altis Sand Lake, Altis Bonterra, Altis Shingle Creek and Altis Wiregrass Ranch and two communities that are under construction that are going for the NGBS Certification (Altis Promenade and Altis Grand Central).

Additionally, Altman also has in its portfolio two midrise communities that are LEED-certified (Altis Boca Raton and Altis Pembroke Gardens).

Both properties maintain a small carbon footprint with on-site recycling, “Green” amenities, electric car charging stations, convenient bike storage racks, bike workshop, energy efficient designer lighting, ENERGY STAR® appliances, and high efficiency water heater. The properties are also 100% smoke-free. Altís Boca Raton was also recently named a finalist for a Structures Award from the South Florida Business Journal – Best Green Project.

“We’re thrilled to have received the honor of NGBS Green Partner of Excellence for the third consecutive year,” said Joel Altman, Chairman & CEO of The Altman Companies. “The Altman Companies is committed to be an industry leader in NGBS and LEED-certified properties that offers Green amenities, and energy-efficient features throughout our communities.”

To earn certification to the National Green Building Standard, a multifamily building must meet rigorous criteria in six categories – Lot & Site Development; Resource Efficiency; Energy Efficiency; Water Efficiency; Indoor Environmental Quality; and Homeowner Education. There are mandatory practices in each category that every Green Certified home or building must meet, and there are a wide range of additional optional practices in each category that a builder can select based on the applicability to buyers or renters in their market. There are also mandatory point minimums in every category in order for a building to attain the next level of certification, which is a more stringent requirement than any other national certification program.

“In 2019, NGBS Green celebrates a decade of green, high-performance buildings,” said Home Innovation Vice President, Innovation Services Michelle Foster. “The NGBS Green certification program continues to enjoy widespread growth for both single-family homes and multifamily buildings.”

NGBS Green, which is based on the National Green Building Standard™ (NGBS), has certified more homes than any other national green home certification program. Being one of an elite group of Home Innovation’s green certification participants to be recognized validates the commitment The Altman Companies has made to provide its customers within creased value, comfort, durability, and efficiency through its NGBS Green Certified apartments.

There’s no doubt that development is key in Central Florida — but a project constructed with sustainability in mind is even more critical to maintain the future of the region’s economic strength.

And that combination of a successful project built with preservation in min can be found in one of the region’s busiest tourist corridors at Altís Shingle Creek. The 356-unit Class A development on West Osceola Parkway near Vineland Road in Kissimmee was developed by Boca Raton-based The Altman Cos. and Yonkers, N.Y.-based AVR Realty Co. LLC. Within a month of the construction completion, the project attracted a buyer and ended up selling for $75.3 million.

The 24-acre property on the south side of West Osceola Parkway is close to the area’s world-renowned resorts — including Walt Disney World, Universal Orland Resort, and SeaWorld Orlando — and offers access to downtown Orland, as well as many of the area’s other growing employment hubs. It also is a National Green Building Standard certified multifamily project, which provides independent, third-party verification that a development is designed and built to achieve high performance in six key areas: site design, resource, efficiency, water efficiency, energy efficiency, indoor environmental quality, and building operation and maintenance. The community has one-, two- and three-bedroom apartment homes with chef-quality kitchens, wood-style plank flooring, private patios/balconies and private, covered entrances — an Altman-exclusive design that eliminates breezeways. Residents have access to an elegant 5,686-square-foot clubhouse with an “upbeat, contemporary theme designed to evoke the distinctiveness of the community, while also providing a welcoming sense of belonging,” The Altman Cos. said.

Some of its green features include programmable thermostats and humidistats; energy-efficient designer lighting and appliances; submetered electricity and water; an electric car-charging station; and use of best practices to reduce landfill waste.

Project address: 4350 Osceola Trail Road, Kissimmee 34746

Timing: October 2016 groundbreaking; October 2016 compeltion; property sold o November 15, 2018

Involved parties: Altman Development Corp., developer; Altís Shingle Creek LLC, seller; Forum Architecture & Interior Design, architect; Altman Glenewinkel Construction LLC; Manufacturers and Traders Trust, lender; AVR Shingle Creek Orlando LLC, equity partner; Starlight Investments’ Shingle Creek Acquisition LLC, buyer

National Developer applauded for excellence in advancing high-performance, mainstream home building

BOCA RATON, Fla. (April 5, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, announced today that it has been named a Home Innovation NGBS Green Partner of Excellence for 2018. This is the third consecutive year that The Altman Companies has received this honor.

The Altman Companies has constructed four apartment communities that were NGBS Green Certified by Home Innovation Research Labs including Altís Sand Lake, Altís Bonterra, Altís Shingle Creek and Altís Wiregrass Ranch and two communities that are under construction that are going for the NGBS Certification (Altís Promenade and Altís Grand Central).

Additionally, Altman also has in its portfolio two midrise communities that are LEED-certified (Altís Boca Raton and Altís Pembroke Gardens).

Both properties maintain a small carbon footprint with on-site recycling, “Green” amenities, electric car charging stations, convenient bike storage racks, bike workshop, energy efficient designer lighting, ENERGY STAR® appliances, and high efficiency water heater. The properties are also 100% smoke-free. Altís Boca Raton was also recently named a finalist for a Structures Award from the South Florida Business Journal – Best Green Project.

“We’re thrilled to have received the honor of NGBS Green Partner of Excellence for the third consecutive year,” said Joel Altman, Chairman & CEO of The Altman Companies. “The Altman Companies is committed to be an industry leader in NGBS and LEED-certified properties that offers Green amenities, and energy-efficient features throughout our communities.”

To earn certification to the National Green Building Standard, a multifamily building must meet rigorous criteria in six categories – Lot & Site Development; Resource Efficiency; Energy Efficiency; Water Efficiency; Indoor Environmental Quality; and Homeowner Education. There are mandatory practices in each category that every Green Certified home or building must meet, and there are a wide range of additional optional practices in each category that a builder can select based on the applicability to buyers or renters in their market. There are also mandatory point minimums in every category in order for a building to attain the next level of certification, which is a more stringent requirement than any other national certification program.

“In 2019, NGBS Green celebrates a decade of green, high-performance buildings,” said Home Innovation Vice President, Innovation Services Michelle Foster. “The NGBS Green certification program continues to enjoy widespread growth for both single-family homes and multifamily buildings.”

NGBS Green, which is based on the National Green Building Standard™ (NGBS), has certified more homes than any other national green home certification program. Being one of an elite group of Home Innovation’s green certification participants to be recognized validates the commitment The Altman Companies has made to provide its customers within creased value, comfort, durability, and efficiency through its NGBS Green Certified apartments.

BBX Capital Real Estate currently owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE BBX), is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

About Home Innovation Research Labs:

Home Innovation Research Labs, located in Upper Marlboro, Md., is a full-service research, testing, and consulting firm determined to improve the quality, durability, affordability, and environmental performance of single-and multifamily homes and home building products. Founded in 1964 as a subsidiary of the National Association of Home Builders, our team has been integral in solving many of our client’s most difficult product and technology issues, and helping to introduce some of the most groundbreaking innovations in residential construction. Through an interdisciplinary research approach –including market research, building science analysis, laboratory testing, and standards development –we help to find a home for innovation in the residential construction industry.

The community will feature 350 luxury, garden-style apartment homes accompanied by Class-A amenities

TAMPA (April 3, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce that they have broken ground on their latest project, Altís Preserve as of Tuesday, February 12. The closing of the construction loan for Altís Preserve was also completed on January 25, 2019. TD Bank provided the funding for the loan.

Altís Preserve, located in the growing city of Odessa, by the Suncoast 54 Pkwy, in Pasco County, will feature 350 luxury garden-style apartment homes, of which 116 units are desired for the 55+ population and is set on approximately 18+/- acres. With an average unit size of 1,029–square-feet, each unit is designed to provide comfort to its residents, while still maintaining modern, detailed finishes.

“We are ecstatic to begin the construction process on Altís Preserve,” said Joel Altman, Chairman of The Altman Companies.  “We look forward to bringing an exceptional living experience to residents of the Pasco County submarket and providing them with a standard of living they won’t find anywhere else in the market.”

Residents of Altís Preserve will enjoy Class-A amenities including a heated salt water pool, private cabanas, oversize day-beds, swaying hammocks among tropical palm trees, a spa lounge with a wet and dry sauna and an Ultra-luxe theater with lounge-style seating, surround sound and a 120-inch movie screen. Altís Preserve will also have an on-site hospitality director to organize activities and events for residents every day of the week, including daily continental breakfast, Sunday brunch and “Wine Down Wednesdays.”

In addition to its prime location, convenience is a high priority within the development plan. The community will be located at the entrance to a mixed-use master planned community, Altís Preserve will be positioned directly across from the “Retail Towne Center” which will include a 40,000-square-foot major specialty grocery store, a bowling alley, movie theater and entertainment arcade totaling over 200,000 gross square feet. Also, within walking distance are two mixed-use areas of the planned community which will include medical offices, medical research facilities and other mixed-use retail spaces. Residents will not need to travel by car or cross any major roadways to access these locations as all are contained within the master planned community.

Lastly, set adjacent to the southernmost section of the site is Pasco County’s Park-N-Ride. Additionally, South Branch Ranch will have direct access to the Suncoast Trail; a 42-mile long paved trail stretching from Hillsborough County through Pasco County and ending in Hernando County.

Altís Preserve is set to be completed the fourth quarter of 2020.

BBX Capital Real Estate currently owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE BBX), is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

The Altman Cos., developer of rental apartment communities, partnered with Habitat for Humanity of South Palm Beach County for its 2019 Home Builders Blitz. And a blitz it was. Donating more than $180,000 in materials and professional labor, The Altman Cos. broke ground on the Delray Beach Habitat home just east of I-95 on Feb. 13, and construction began March 11, with its completion set for the end of March. The house will belong to a single mother, a registered nurse, and her son.

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The clock began ticking mid-February when The Altman Companies broke ground on constructing a brand new habitat for Humanity home in Delray Beach.

The nationally-recognized developer is behind the 2019 Home Builders Blitz, which means the entire home including foundation, walls, roof, plumbing, flooring, air conditioning and kitchen cabinetry must be completed in under a month.

“Over the past 50 years, we’ve developed and assembled a portfolio of rental properties that has redefined the Exceptional Living Experience in Florida and across the country,” said Joel Altman, Chairman of the Altman Companies. “It is our pleasure to carry that exceptional living experience onto those who need it most.”

On a rainy morning, the ground breaking on the home, which will be built for single mother and registered nurse Micheline Michel and her 14-year-old son Menchely, began.

The home will be three-bedrooms and two-bathrooms when completed. To make it possible, The Altman Companies donated more than $180,000 in materials and professional labor.

The homeowner Micheline Michel has been a part of the Habitat Homeowner Program for seven years. She said she looks forward to becoming an ambassador in her new community, cooking many meals to share with her family and maintaining a garden.

Her son is in the orchestra at school and is a member of his church’s choir.

The annual blitz build is a national tradition that began in 2002 in Wake County, North Carolina. A total of 12 homes were built in just five days.

“Our homeowners aren’t the only ones who benefit from our local Home Builders Blitz,” said Jeff Fengler, HFHSPBC Director of Construction. “Through the Habitat Home Builders Blitzes, commercial and residential constructions leaders strengthen ties to their community by engaging their subcontractors and vendors who share their company’s values.”

Groundbreaking Took Place February 13, 2019

BOCA RATON, Fla. (February 15, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, has partnered with Habitat for Humanity of South Palm Beach County (HFHSPBC) for its 2019 Home Builders Blitz. Donating more than $180,000 in materials and professional labor, The Altman Companies will be building a brand-new house from start to finish in less than a month. This includes everything from the home’s foundation, walls, roof, plumbing, flooring, air conditioning and kitchen cabinetry. The newly constructed house will be home to single mother Micheline Michel, a registered nurse, and her 14-year old son Menchely.

Micheline Michel has been a part of the Habitat Homeowner Program for seven years, and embodies endurance, dedication, and strong faith in the pursuit of her home through the Habitat for Humanity Homeownership Program. Micheline, who moved to the United States from Simog, Haiti in 2002, continued to pour her heart into the care of others. Menchely is a modern-day renaissance man. He is in the orchestra at school and is a member of his church choir.

The receiving family, associates from The Altman Companies and representatives from HFHSPBC gathered on February 13 to break ground and ceremonially toss the first shovel of dirt to commence construction of the new three-bedroom, two-bathroom in Delray Beach home.

Micheline looks forward to becoming an ambassador in her new community, cooking many meals to share with her family, and maintaining a garden – a sign of health and prosperity for the new adventure of homeownership she is preparing to embark on.

The HFHSPBC Home Builders Blitz annually brings together professional, commercial and residential powerhouse builders for one shared purpose – to build safe and affordable housing for families in need of a decent place to call home. It’s part of a national Habitat for Humanity Blitz Build tradition that began in 2002 when Habitat for Humanity of Wake County, North Carolina partnered with a local homebuilder to build 12 Habitat homes in five days.

“Our homeowners aren’t the only ones who benefit from our local Home Builders Blitz,” said Jeff Fengler, HFHSPBC Director of Construction. “Through the Habitat Home Builders Blitzes, commercial and residential construction leaders strengthen ties to their community by engaging their subcontractors and vendors who share their company’s values.”

Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums. Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.

“Over the past 50 years, we’ve developed and assembled a portfolio of rental properties that has redefined the Exceptional Living Experience in Florida and across the country,” said Joel Altman, Chairman of The Altman Companies. “It is our pleasure to carry that exceptional living experience onto those who need it most.”

BBX Capital Real Estate currently owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE BBX), is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

About Habitat for Humanity of South Palm Beach County:

As an affiliate of the global nonprofit organization Habitat for Humanity, HFHSPBC builds. The 501(c)(3) organization builds because it believes that everyone, everywhere should have a healthy, affordable place to call home. When a family helps build or improve a place they can call, they are also building a better community, a better life for themselves. To give a “hand-up, never a hand-out” the organization brings people together to build homes, community and hope in the cities of Delray Beach, Boca Raton and Boynton Beach, Florida. It depends upon volunteer labor and tax-deductible donations of money, materials, services and property to fulfill its mission. To learn more about HFHSPBC, its home build sponsorships, home dedications, events and activities, year ‘round volunteer opportunities and donations or shopping its home improvement center thrift shop ReStores in Boca Raton and Delray Beach, visit www.habitatsouthpalmbeach.org.

BOCA RATON, Fla. (February 14, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, is pleased to announce today, the promotion of Derek Uhler to Senior Vice President of Finance.

Mr. Uhler previously held the Vice President of Finance position for The Altman Companies after rejoining the company in February of 2016. Derek previously served in a finance role from 2000 to 2003.  As the new Senior Vice President of Finance, Uhler is responsible for sourcing debt and equity to fund the company’s new developments and acquisitions.

“Derek is a key member of our team who has been instrumental in the success of the company,” said Joel Altman, Chairman of The Altman Companies.  “His experience, leadership and dedication since joining The Altman Companies have been crucial factors in our growth.”

Mr. Uhler holds more than 20 years of experience in real estate in both private and public real estate environments, having been involved in project financings of over $1.8 billion.  He was previously Senior Vice President of Finance for a $2 billion NYC based private equity real estate firm.  Derek was instrumental in closing more than $600 million in acquisitions in that role.  Prior to that, he was a principal in a single-family development company.

Mr. Uhler holds a Bachelor of Arts in Business from Western Colorado University, a Master’s Degree in Finance from the University of Colorado and is a Certified Management Accountant (CMA).

BBX Capital Real Estate currently owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE BBX), is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

Joel L. Altman

Chairman, The Altman Cos.

1515 S. Federal Highway, Suite 300, Boca Raton 33432

(561) 997-8661

Birthplace: Philadelphia

Education: Degree in construction management, Michigan State University

Altman is the fourth generation of a family with extensive and diversified experience in the development industry. Celebrating its 50th anniversary in 2018 the Altman Cos. has developed, constructed and provided an “exceptional living experience” for those living in more than 26,000 multifamily units in Florida, Michigan, Illinois, Tennessee, Georgia, North Carolina and Texas. This includes the development of more than 1.04 million square feet in South Florida in 2017 alone.

Any traditions or rituals you’ve instilled at your company? Perseverance and always work to be the best. Provide an exceptional living experience for our residents.

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BOCA RATON, Fla. (January 28, 2019) – The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, announced the sale of Altís Shingle Creek located in Kissimmee, FL on November 15, 2018 to Starlight Investments, a privately held Toronto-based, full service, multi-family and commercial real estate investment and asset management company. Robert Given of Cushman Wakefield represented The Altman Companies in the sale. Starlight Investments is also the owner of Altman-built and managed Altís at Grand Cypress in Lutz, Fla., and Altís Sand Lake in Orlando, Fla.

The property located at 4350 Osceola Trail Road is just east of Disney World and situated on the south side of Osceola Parkway between Vineland Road and John Young Parkway. The 356-unit apartment community is NGBS certified and features breathtaking views of Shingle Creek’s estuary.

“Over the past fifty years, we’ve developed and assembled a portfolio of rental properties that has redefined the Exceptional Living Experience in Florida and across the country.  With a pipeline of new and exciting developments on the horizon, the timing was right to sell this community,” said Joel Altman, chairman of The Altman Companies.  “Propelled by a strong capital base, powerful brand and deep talent pool, we look forward to delivering a fresh new generation of transformative developments in Florida and beyond.”

Altís Shingle Creek features spacious one-, two-, and three-bedroom apartment homes with chef-quality kitchens, wood-style plank flooring, and spa-inspired baths. Each resident has a private, covered entrance to his or her apartment, an Altman-exclusive design that eliminates breezeways. Select units includes a direct access attached garage. Residents are also able to utilize a bicycle storage room with complimentary bike maintenance and repair equipment.

Altís Shingle Creek is a pet-friendly community, with an indoor dog spa dedicated for pet grooming, neighborhood walking paths and a dog park.

Altís Shingle Creek is composed of 24+ net acres on the south side of West Osceola Parkway, located minutes away from Downtown Orlando.  Located approximately 2.5 miles from heavily traveled Interstate-4, Altís Shingle Creek provides convenient access to many of Central Florida’s growing employment centers. In addition to its world renown resorts (Walt Disney World, Sea World, and Universal Orlando), the region is emerging as a national leader in healthcare and advanced manufacturing.

The elegant, 5,686-square-foot club house provides numerous amenities unique to the area. The upbeat contemporary theme of the clubhouse is designed to evoke the distinctiveness of the community, while also providing a welcoming sense of belonging.

BBX Capital Real Estate currently owns 50 percent of The Altman Companies, which is a division of BBX Capital Corporation (NYSE: BBX).

To learn more about Altís Shingle Creek, please visit https://altisshinglecreek.com/

About the Altman Companies: Since 1968, The Altman Companies have developed, constructed, acquired and managed more than 25,000 multi-family homes in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina.  Altman Companies has a reputation for developing and operating luxury apartment homes and condominiums.  The company has distinguished itself by creating highly sophisticated communities under its Altís brand.  Residents enjoy The Altman Companies’ ‘Exceptional Living Experience’ of resort-style amenities and high-touch services.  Last year, Altman Companies opened three new apartment communities in South Florida: Altís Bonterra, Altís Boca Raton, and Altís Pembroke Gardens; and two in Central Florida: Altís Shingle Creek and Altís Wiregrass Ranch. Today, Altman Companies has several other communities under construction or in the pipeline throughout Florida, including an eight-story mid-rise development just south of the entrance to University of Tampa and north of Tampa General Hospital called Altís Grand Central.  Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field and has recently been recognized as the South Florida developer of the year by South Florida Business Journal. For more information on The Altman Companies, go to www.AltmanCos.com.

About BBX Capital Real Estate:  BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE BBX), is involved in the development, operation, management, and investment in residential and commercial real estate including investments, directly and indirectly through joint ventures, in master planned communities, multifamily rental communities, single family for sale communities and commercial properties located primarily in Florida.  For more information, please visit www.BBXCapitalRealEstate.com.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

The Altman Cos., one of the largest apartment developers in South Florida, has closed its sale of a 50 percent interest to BBX Capital Real Estate, a division of Fort Lauderdale-based BBX Capital Corp.

Founded in 1968 by Joel Altman, the Boca Raton-based Altman Cos. has built and managed over 25,000 apartments in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Altman will remain CEO of the company.

BBX (NYSE: BBX) had previously formed joint ventures with the Altman Cos. for apartment projects across Florida, including Altís Bonterra in Hialeah.

The sale of 50 percent of Altman Cos., along with its in-house general contractor and its ongoing development projects, to BBX was originally announced at $22.7 million in October. The final closing price was #21.6 million because one of the eight projects included in the agreement was subsequently sold.

“We are very please to finalize this transaction with the Altman Companies, a real estate developer with a 50-year track record of success and a terrific team of professionals,” BBX Capital Real Estate President Seth Wise said. “The parties have, in the past, worked together on a number of communities and this transaction formalizes our ongoing relationship. It provides BBX Capital Real Estate a complete platform in an asset class that we believe, offers an opportunity to generate earnings and significant returns on capital.”

New apartments by the Altman Cos. are planned in Miramar, Miami’s Little Havana, and along the Ludlam Trail in south Miami-Dade County.

Under the deal, BBX could own a majority of the Altman Cos. in the future. BBX has agreed to acquire an additional 40 percent for $9.4 million within four years. Joel Altman would have the option to sell the remaining 10 percent to BBX for $2.4 million.

“Our team has been partners with BBX Capital Real Estate in apartment developments for many years, and have enjoyed a terrific working relationship with many successes together,” Altman said. “We believe our long affiliation with BBX and BBX Capital Real Estate is a natural fit that positions the Altman Companies to grow and prosper for many years into the future, and is a ‘win-win’ for our companies, our associates and our partners.”

This deal offers further diversification and sources of income for BBX. The company was formerly the parent of BankAtlantic, and it retained and interest in some of its loans after the bank was sold. BBX’s investments now include commercial real estate, chocolate and candy retailers, manufacturing, and MOD Pizza franchise, and a substantial interest in timeshare developer, Bluegreen Corp. (NYSE: NXG).

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Major Deal on the Move

BBX Capital Real Estate, a division of BBX Capital, has entered an agreement to acquire a 50 percent membership interested in The Altman Companies for $22.7 million. The deal includes Altman Development Co., Altman-Glenewinkel Construction, Altman Management Co. and interests in eight multifamily real estate developments. The deal envisions BBX acquiring the other half of the company in the future for $11.8 million. CEO Joel Altman, who was profiled in a recent SFBW cover story, will continue as CEO.

November 29, 2018— The Altman Companies, a nationally recognized developer of exceptional rental apartment communities, today announced the topping-off of Altís Grand Central, a pedestrian-friendly residential development in the Hyde-Park neighborhood of Tampa, Florida.

More than 300 construction workers, city officials, building and transportation inspectors, and Altman Companies executives attended the topping-off ceremony on October 26. During the event, a celebratory Evergreen Tree was hoisted up to the highest point of the apartment tower and a massive 15-foot-long American Flag was suspended from the top of the four-story parking garage. Altís Grand Central’s Superintendent and Project Manager both spoke during the ceremony. Immediately following the ceremony, guests were treated to a BBQ-style buffet.

Scheduled to be completed in late Summer 2019, the nine-story towers, located at 504 W Grand Central Ave., are situated just south of the entrance of University of Tampa and north of Tampa General Hospital in an area that has become home to a collection of sophisticated dining, shopping and entertainment venues.

“WE’RE VERY EXCITED TO REACH THIS CONSTRUCTION MILESTONE WITH ALTÍS GRAND CENTRAL,” SAID JOEL ALTMAN, CHAIRMAN OF THE ALTMAN COMPANIES “RESIDENTS OF ALTÍS GRAND CENTRAL WILL BE PART OF THE GRAND CENTRAL DISTRICT, THE MOST UNIQUE AND VIBRANT NEIGHBORHOOD IN TAMPA. THEY WILL BE A PART OF TAMPA’S COSMOPOLITAN EXPERIENCES JUST STEPS FROM WORK OR A BRIEF WALK OR BUS-RIDE TO DOWNTOWN AT TWO OF THE CITY’S FINEST INSTITUTIONS.”

Altís Grand Central redefines the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience” within a single community. Residents of the 314 apartment homes will experience panoramic views of downtown and Tampa Bay from the apartment tower’s rooftop sky lounge and pool. When relaxing, residents will enjoy Class-A amenities including a luxe sun deck, his-and-her spa, a Zen garden, fire pit, a barbecue area, a high-tech dog park and a dog spa for pet owners. The clubroom will be equipped with a gaming area with a pinball machine, PlayStation units, a movie theater, a pool table, and a chic bowling lounge. In keeping with Grand Central District’s walkable environment, the towers will have shopping and dining on the ground floor.

The Altman Companies are offering well-appointed studio, one-, two- and three-bedroom apartment homes with floor plans that range from 619 to 1,380-square-feet, with secured parking with car charging stations on every level. Most of the apartment homes will be equipped with balconies. Residences on the ground floor will enjoy a fenced, gated backyard. The buildings and apartments are designed with sustainability in mind.

For more information about Altís Grand Central, please visit https://altisgrandcentral.com/

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Posted on November 26, 2018 by Alex Tostado in Development, Florida, Multifamily, Southeast

TAMPA, FLA. — The Altman Cos. has topped out Altís Grand Central, a nine-story apartment building that will offer studio, one-, two- and three-bedroom floor plans. The community is located less than one mile south of the University of Tampa and will include amenities such as a sky lounge and pool on the roof, Zen garden, dog park, and a clubroom. The 314-unit complex is schedule to be complete in summer 2019.

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The Altman Companies rental communities developer celebrated the topping-off of Altís Grand Central apartment homes.

TAMPA, FL — The Altman Companies, a rental properties developer, celebrated the topping-off of Altís Grand Central, a pedestrian-friendly residential development under construction in Hyde Park.

More than 300 construction workers, city officials building and transportation inspectors and Altman Companies executives attended the topping-off ceremony on Oct. 26. During the event, a celebratory evergreen tree was hoisted up to the highest point of the apartment tower and a massive 15-foot-long American Flag was suspended from the top of the four-story parking garage.

Scheduled to be completed in late summer, the nine-story towers, located at 504 W. Grand Central Ave., are situated joust south of the entrance of University of Tampa and north of Tampa General Hospital in an area that has become home to a collection of sophisticated dining, shopping and entertainment venues.

“We’re very excited to reach this construction milestone with Altís Grand Central,” said Joel Altman, chairman of The Altman Companies. “Residents of Altís Grand Central will be part of the Grand Central District, the most unique and vibrant neighborhood in Tampa. They will be a part of Tampa’s cosmopolitan experiences just steps from work or a brief walk or bus-ride to downtown at two of the city’s finest institutions.”

Residents of the 314 apartment homes will experience panoramic views of downtown and Tampa Bay from the apartment tower’s rooftop sky lounge and pool. When relaxing, residents will enjoy amenities including a luxe sun deck, his-and-her spa, a Zen garden, fire pit, a barbecue area, a high-tech dog park and a dog spa for pet owners.

The clubroom will be equipped with a gaming area with a pinball machine, PlayStation units, a movie theater, a pool table and a chic bowling lounge. In keeping with Grand Central District’s walkable environment, the towers will have shopping and dining on the ground floor.

The Altman Companies are offering studio, one-, two- and three-bedroom apartment homes with floor plans that range from 619 to 1,380-square-feet and secured parking with car charging stations on every level.

Most of the apartment homes will be equipped with balconies. Residences on the ground floor will enjoy a fenced, gated backyard.

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Developer of the Year: Winner

The Altman Companies

Joel L. Altman has led the Altman Companies through recessions, market whims and regional expansion. He’s honed an uncanny eye for spotting development opportunities and, in turn, has tapped emerging trends across South Florida and the U.S.

As a result, The Altman Companies has earned a reputation as one of the nation’s premier apartment developers and managers. Since his firm’s 1968 founding, Altman has developed, constructed acquired, managed and provided its branded “Exceptional Living Experience” to thousands of tenants across 26,000 multifamily units in Florida, Michigan, Illinois, Tennessee, Georgia, Florida, North Carolina and Texas.

This includes development of more than 1.o4 million square feet in South Florida in 2017. As the fourth general of a family with extensive and diversified real estate industry experience, Altman has led his communities to industry awards for excellence and – more importantly – earned resident satisfaction as evidenced by the properties’ high occupancy levels and resident ratings.

From site selection to design, construction and eventual property management, Altman Companies pays particular attention to each detail. The company spends considerable time researching not only demographic trends, but also lifestyle trends to make sure that product adaptations are made to be on the leading edge in response to changing patterns and environmental concerns. The company creates living environments for its residents, including incorporating sustainability components that contribute to tenant savings – and investor returns.

Additionally, the success of the Altman Management Co. has been recognized industrywide, and today this division is approached by owners of other properties concerning their own management needs.

Involved in the community, the Altman Companies works with organizations such as Boys & Girls Clubs, Kids@Home, and the Broward Performing Arts Foundation. Earlier this year, Altman associates helped build a Habitat for Humanity home in a transitional Boynton Beach neighborhood.

FORT LAUDERDALE, FL and BOCA RATON, FL – BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX, OTCQX: BBXTB) (“BBX” or the “Company”), and The Altman Companies, jointly announced they have entered into an agreement pursuant to which BBX Capital Real Estate has agreed, subject to the satisfaction or waiver of the conditions to closing, to acquire a fifty percent (50%) membership interest in The Altman Companies, LLC (“Altman Companies”), which includes membership interests in Altman Development Company, Altman-Glenewinkel Construction and Altman Management Company and interests in the manager of eight multi-family real estate developments (the “Developments”) for $22.7 million.

“We are extremely excited about BBX Capital Real Estate’s investment in The Altman Companies.  Our team has been partners with BBX Capital Real Estate in apartment developments for many years and have enjoyed a terrific working relationship and many successes together,” said Joel Altman, CEO of the Altman Companies.

 “We believe our long affiliation with BBX and BBX Capital Real Estate allows for a virtually seamless integration and is a ‘win-win’ for our companies, our associates and our partners.”

“The Altman Companies, with its 50-year successful track record, a fantastic team of professionals and a robust pipeline of opportunities, will continue to be led by Joel and the current management team.

“This transaction formalizes the parties’ relationship, while offering BBX Capital Real Estate a complete platform in an asset class we believe, over the long term, to be an excellent place to deploy capital where BBX has the opportunity to earn significant returns on its capital and generate earnings from the operating platform over time,” said Seth Wise, President of BBX Capital Real Estate.

For more complete and detailed information regarding the above described transaction between BBX Capital Real Estate and The Altman Companies, including the related Developments and terms and conditions, please see BBX Capital Real Estate’s Report on Form 8-K, which is available on the SEC’s website, https://www.sec.gov, and on BBX Capital’s website, www.BBXCapital.com.

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Altman Cos., one of South Florida’s largest multifamily developers has promoted Timothy Peterson to chief operating officer and recruited Robrerty Rabin to CFO.

The Boca Raton-based company, which is co-owned by BBX Capital Corp. (NYSE: BBX) and founder Joel Altman, has developed more than 25,000 apartments, many of them under its Altís brand. It currently has projects in the pipeline in Little Havana, at the Ludlam Trail in Miami-Dade County, and Miramar.

Peterson was promoted from CFO and chief investment officer to COO. He’s been with Altman Cos. since 2003. Before that, he was an executive at Post Properties.

In addition, Peterson is a board member of Preferred Apartment Communities (NYSE: APTS).

“Tim is a great partner and was responsible for obtaining the funding for our growth as well as managing our investment process during which time he formed solid relationships with all of the senior members of our executive team,” said Joel Altman, chairman of the Altman Cos. “As COO, Tim will continue his involvement in the operation of the company, ensuring our team remains focused strong and helping the firm run smoothly as we continue to grow.”

Rabin joins Altman Cos. from Penn-Florida Cos., where he was also CFO. Before that, he was CFO of FirstService Residential.

“Rob brings tremendous skills to our finance and accounting team from his experience at several growing companies where he was instrumental in providing the financial vision, strategy and leadership to help the organizations get to the next level,” Altman said. “With Rob at the finance helm, I’m confident we’ll be well positioned to meet our growth goals moving forward.”

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Altman Cos. obtained a $44.71 million construction loan to build its Altis Pembroke Gardens apartment complex in Pembroke Pines.

The 280-unit project will be built along Southwest 145th Avenue on the southwest side of the Shoppes at Pembroke Gardens open air mall. It’s just east of Interstate 75.

Duke Realty (NYSE: DRE) sold the 6.25-acre site for $10.26 million to Altís Pembroke Gardens LLC, an affiliate of Boca Raton-based Altman. PNC Bank provided the mortgage to the buyer.

According to plans approved by the city, Altís Pembroke Gardens will have 280 apartments in five stories with each unit having a balcony or patio. Community amenities will include a pool, club house, fitness center, spa and pocket parks. The developer will provide 560 parking spaces, including in a five-story parking garage.

The apartments should be completed in January 2017.

Altman is among the most productive apartments developers in Florida.

BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX), announced today it has entered into a joint venture agreement with The Altman Companies to develop Altís at Bonterra.

Located within BBX Capital Real Estate’s Master-Planned community of Bonterra in Hialeah, Florida, Altís at Bonterra plans to develop 314 apartment homes on approximately 14 acres.

It is anticipated that Altís at Bonterra will offer a mix of one, two and three bedroom apartment homes averaging approximately 1,063 square feet. Units are expected to feature gourmet kitchens, energy star appliances, granite counters, contemporary espresso cabinets as well as spa-inspired baths with raised vessel sinks, marble counters and spacious linen closets. The development currently plans to offer a community garden, dog agility park and membership in a resort style 6,245 square foot clubhouse which includes a beach entry pool, pool pavilion, outdoor kitchen, pool-side cabanas, full circuit fitness center, movie entertainment area, game room, and a kids’ play ‘n study area.

Altís at Bonterra will be located on the northwest corner of the Bonterra community (southeast corner of NW 97th Avenue and NW 154th street). The first apartments are anticipated to be delivered in the first quarter of 2017.

Including Altís at Bonterra, the master-planned Bonterra community will comprise of approximately 128 acres of land and is currently planned to feature 1,171 highly stylized single-family homes, villas, town homes, and apartments, along with several parks and a 15 acre lake.

Bonterra is conveniently located near Interstate 75, Florida Turnpike, Palmetto Expressway, and Miami International Airport.

“We are pleased to announce our continued progress with Bonterra and this joint venture with The Altman Companies,” said Seth Wise, President of BBX Capital Real Estate. “The Altman Companies is highly respected in the rental apartment field and we are excited to partner with Altman to bring a luxury apartment community to the city of Hialeah.”

“Bonterra is a desirable location and is easily accessible to Miami, the proposed American Dream mega mall and nearby employment opportunities,” said Joel Altman, Chairman of The Altman Companies. “We believe Altís at Bonterra is well positioned to capitalize on significant growth in rental demand in the area due to Hialeah’s attractive supply and demand fundamentals. We are excited to partner again with BBX Capital Real Estate.”

Altís at Bonterra is BBX Capital Real Estate’s third multi-family apartment collaboration with The Altman Companies. Other projects include Altís at Kendall Square, a 321 apartment development in Miami, Florida, and Altís at Lakeline, a 354 apartment development in the northwest area of Austin, Texas.

BBX Capital Real Estate previously announced a joint venture agreement with CC Homes — a Codina-Carr Company, to develop approximately 394 single-family homes at Bonterra, and recently sold an approximate 36-acre parcel of land in Bonterra to Lennar Corporation, on which Lennar plans to build approximately 463 single-family homes, villas and townhomes.

About The Altman Companies : Since 1968, the Altman Companies has developed, constructed, acquired and managed in excess of 22,000 multi-family units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. The company has a reputation for developing and operating luxury apartment homes and condominiums.

The Altman Companies, a nationally recognized developer of luxury apartment communities, announces the sale of its Altís at Highland Park for $46 million to Utah-based Cottonwood Residential. The luxury, mixed-use apartment community, located in Westchase at 11571 Fountainhead Drive, consists of 239 apartments and 5,000 square feet of retail space.

Headquartered in Boca Raton, Fla., The Altman Companies delivered the first residences for Altís at Highland Park in November 2014 and completed the lease-up in just one year. Altís at Highland Park offers studio, one-, two- and three-bedroom floorplans with resort lifestyle amenities. Average monthly rents range from $1,193 to $2,028.

Some of the more unique features include an expansive park, private poolside lounge with a chef-inspired demonstration kitchen and fireplace, 24/7 club-class fitness center, yoga and aerobics studio with on-demand virtual fitness programs, game center and private community garden.

Along with the residential component, the master-planned community features retail space that creates a one-of-a-kind, all-inclusive community. The main street of Altís at Highland Park includes Kahwa Coffee, dry cleaner, self-service auto detail facility and much more. Retail tenant Wild Hare Salon is expected to open a new location this year.

“The Altman Companies is proud to have delivered a first-class community for the highly desirable Westchase neighborhood,” said Joel Altman, chairman of The Altman Companies. “This sale shows the strong demand for luxury rental product in the area.”

In addition to Altís at Highland Park, The Altman Companies is developing another multifamily community in the Tampa area called Altís at Grand Cypress. The 304-unit luxury development is located at 1901 Cypress Preserve Drive, Lutz, FL 33549.

The Altman Companies, a recognized management company, has begun leasing for Cameron Estates – a 548-unit, resort-style enclave of luxury garden apartments in West Palm Beach.

The Altman Companies is managing Cameron Estates, a one-, two- and three-bedroom rental community that will deliver residents a host of upscale, resort-style amenities. Residents and friends can gather in the chic, private movie theater and karaoke room, and enjoy the interactive game room complete with a two-lane mini bowling alley. The clubhouse will offer resident activities, and the club-class fitness center will include a spin room, free weights, cardio equipment, a boxing ring and exercise programs. There will also be a toddler play room and learning center.

Outside there will be a spa-inspired, lakefront swimming pool with private cabanas, fireplace, as well as tennis and beach volleyball courts. As a pet-friendly community, Cameron Estates will also have a dog park with a dog wash station.

Cameron Estates provides easy access to the best of West Palm Beach – the Palm Beach Outlets are just across the street, it’s also minutes from the downtown area, Flagler Boulevard, CityPlace and Clematis Street’s electrifying nightlife. A short drive, bike ride or stroll across the Royal Park Bridge is Palm Beach, with its quiet white sandy beaches and luxurious Worth Avenue shopping and world-class dining.

“We are thrilled to provide new luxury apartments in the West Palm Beach area,” said Elizabeth Truong, COO and CIO of The Altman Companies. “We have been touring our models and getting five-star reviews from prospects. Our beautiful clubhouse will be completed by December, offering residents the best amenities in the industry.”

Each certified National Green Building Standard™ building will boast residences designed with spacious open floor plans with 9 ½-foot ceilings, ceramic tile in living areas and plush carpet in the bedrooms. Chef’s kitchens will include granite counters and a collection of energy efficient GE stainless steel appliances. Each residence will have a stackable washer and dryer.

Master bedrooms will feature ceiling fans and spacious walk-in closets, and master bathrooms will have modern glass enclosed showers and garden tubs. Residences will feature USB outlets, as well as impact-resistant windows.

Cameron Estates is located at 1517 Cameron Samuel Lane in West Palm Beach. To learn more, call (561) 659-2999 or visit CameronEstatesApartments.com.

About The Altman Companies:

Since 1968, The Altman Companies has developed, constructed, acquired and managed in excess of 24,000 multifamily units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Known for its development and management of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field.

WASHINGTON, D.C. – August 25, 2015 – (RealEstateRama) – The Altman Companies, a nationally recognized developer of luxury apartment communities, has broken ground on its first development in Austin, Texas. Located at 12700 Ridgeline Blvd., the 354-unit Altís Lakeline is rich with features and amenities.

Altís Lakeline consists of 19 two- and three-story residential buildings. The spacious floorplans include one-, two- and three-bedroom units. The gated community has private entries and attached garages, as well as private balconies and patios. Residents have on-the-spot luxurious perks designed just for them including valet door-to-door trash service, package delivery and virtual concierge services.

The clubhouse is equipped with a Starbucks coffee bar and Internet café, state-of-the-art conference room, 24/7 club-class fitness center, yoga and aerobics studio with on-demand virtual fitness programs and much more. One of the unique elements of the clubhouse is the private, ultra-luxurious movie theater with lounge-style seating, surround sound and 85-inch high-definition screen.

When residents step outside, they will find an outdoor lounge with a chef-inspired demonstration kitchen, fireplace, TVs and entertainment deck. They can relax by the infinity-edge saltwater, heated pool and spa. There’s also multiple park-like settings and a large courtyard that’s perfect for grilling with friends, a community garden with individual plots and a dog park.

Altís Lakeline residences include green features such as high-efficiency water heaters, energy efficient designer lighting, and ENERGY STAR refrigerators and dishwashers.

The community is conveniently located in Austin’s northwest region and directly across the street from the Lakeline Mall in Cedar Park. According to Forbes Magazine, the well-established Cedar Park is one of the fastest-growing suburbs in America. The city is an attractive location both for current and potential residents. Residents of Altís Lakeline have easy access to central and downtown Austin where there’s popular shopping, dining and entertainment.

“Multifamily construction has shown continued strength in the Austin market and we’re excited to establish a presence in this desirable, central location,” said Joel Altman, chairman of The Altman Companies. “Today’s apartment residents want more from their communities. Altís Lakeline combines the latest residential amenities with a host of elevated services and perks to create an exceptional living experience.”

About The Altman Companies:
Since 1968, The Altman Companies has developed, constructed, acquired and managed in excess of 24,000 multifamily units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field. For more information on The Altman Companies, go to www.AltmanCos.com.

– See more at: https://texas.realestaterama.com/2015/08/25/the-altman-companies-breaks-ground-on-altis-lakeline-ID01132.html#sthash.hT6mpbq1.dpuf

AUSTIN–The Altman Cos. has broken ground on its first development in Austin, the 354-unit Altís Lakeline.

Located at 12700 Ridgeline Blvd. in the northwest submarket, the property consists of 19 two- and three-story residential buildings.

“Altman is thrilled to enter into the Austin market and introduce the Altis high-end luxury apartment product to residents,” Elizabeth Truong, COO and CIO of The Altman Cos., told GlobeSt.com.

Community amenities include an outdoor lounge with a chef-inspired demonstration kitchen, fireplace, TVs and entertainment deck. There is also an infinity-edge saltwater, heated pool and spa.

The residences include green features such as high-efficiency water heaters, energy-efficient designer lighting, and ENERGY STAR refrigerators and dishwashers.

The community is across the street from Lakeline Mall in Cedar Park.

“Multifamily construction has shown continued strength in the Austin market and we’re excited to establish a presence in this desirable, central location,” says Joel Altman, chairman of Boca Raton, FL-based The Altman Cos. “Today’s apartment residents want more from their communities. Altís Lakeline combines the latest residential amenities with a host of elevated services and perks to create an exceptional living experience.”

The Altman Companies, a nationally recognized developer of luxury apartment communities, announces that construction of its luxury, mixed-use garden-style apartment community Altís at Highland Park is nearing completion. There continues to be strong demand for the 239 apartments, located in Tampa’s highly desirable Westchase neighborhood at 11571 Fountainhead Drive.

While many of the community’s residents have already moved in, there is still an opportunity to experience Altís at Highland Park’s resort lifestyle in time for summer. Boasting an incredible list of amenities, social spaces and resident events, Altís seamlessly blends into the fabric of the existing Highland Park master-planned community. Some of the more unique features include an expansive park that’s ideal for summer movies on the lawn or a friendly game of Frisbee, private poolside lounge with a chef-inspired demonstration kitchen and fireplace, 24/7 club-class fitness center, yoga and aerobics studio with on-demand virtual fitness programs, game center and private community garden. There’s also an exciting main street with a Kahwa Coffee, dry cleaner, self-service auto detail facility and much more.

Altís at Highland Park is the perfect blend of high-tech luxury, extraordinary location, close-knit community, natural beauty and resort living. Some of the luxurious on-the-spot perks include virtual concierge, valet door-to-door trash service and package delivery.

Along with the apartment residences that include chic studio, one-, two- and three-bedroom residences, Altís at Highland Park also features retail space creating a one-of-a-kind, all-inclusive community for residents to enjoy. Surrounding Altís are several great restaurants, bike trails, golf courses, shopping and the beautiful Galt Lake, along with highly rated schools and major employers.

“When our residents live in Altís at Highland Park, everyday experiences become extraordinary moments,” said Joel Altman, chairman of The Altman Companies. “At The Altman Companies, we strive to offer our residents exceptional living experiences. The luxurious Westchase lifestyle they deserve is waiting for them at Highland Park.”

In addition to Altís at Highland Park, The Altman Companies has another apartment community in Tampa called Altís at Grand Cypress, a 304-unit luxury community, located at 1901 Cypress Preserve Drive. There are also plans for two additional apartment communities in the works.

TAMPA-The Altman Companies, a nationally recognized developer of luxury apartment communities, announces that construction of its luxury garden-style apartment community called Altís at Highland Park is nearing completion. There continues to be strong leasing activity for the 239-unit community, located in Tampa’s highly desirable Westchase neighborhood at 11571 Fountainhead Drive.

Residents have already started to move in to the luxury apartment homes. Some of the unique features are the expansive park that’s ideal for summer movies on the lawn or a friendly game of Frisbee, Kona Coffee café, bakery, bike shops, dry cleaner and self-service auto detail facility. The community also features a poolside lounge with a chef-inspired demonstration kitchen and fireplace, 24/7 club-class fitness center, yoga and aerobics studio with on-demand virtual fitness programs, game center, private community garden and much more.

Altís at Highland Park is the perfect blend of high-tech luxury, extraordinary location, close-knit community, natural beauty and resort living. Some of the luxurious on-the-spot perks include virtual concierge, valet door-to-door trash service and package delivery.

Along with the apartment residences that include chic studio, one-, two- and three-bedroom residences, Altís at Highland Park also features complementary retail space. Surrounding the apartment community are great restaurants and shopping, the beautiful Galt Lake, along with highly rated schools and major employers.

“When our residents live in Altís at Highland Park, everyday experiences become extraordinary moments,” said Joel Altman, chairman of The Altman Companies. “At The Altman Companies, we strive to offer our residents exceptional living experiences. The luxurious Westchase lifestyle they deserve is waiting for them at Highland Park.”

In addition to Altís at Highland Park, The Altman Companies has another apartment community in Tampa called Altís Grand Cypress, a 304-unit luxury community, located at 1901 Cypress Preserve Drive. There are also two other apartment communities in the works.

About The Altman Companies:
Since 1968, The Altman Companies has developed, constructed, acquired and managed in excess of 24,000 multifamily units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field.

The Altman Companies, a nationally recognized developer of luxury apartment communities, has begun pre-leasing its latest Altís -branded community called Altís Sand Lake. Located in Orlando’s sought after Dr. Phillips neighborhood, Altís Sand Lake will feature 315 exceptional private-entry apartment homes with attached private garages, in close proximity to downtown and the greater Sand Lake area.

The vision of Altís Sand Lake is to create an oasis of modern living surrounding residents with unexpected amenities from a pool-side chef-inspired outdoor demonstration kitchen, a heated, saltwater, beach-entry pool to a private, lush community garden and much more. The clubhouse is equipped with a cyber café and Starbucks lounge, Wi-Fi, a 24/7 fitness center with spinning, boxing, yoga and virtual fitness on-demand. One of the most unique features of the clubhouse is the private, ultra-luxurious movie theater with lounge-style seating, surround sound and 80-inch high-definition screen.

According to Joel Altman, chairman of The Altman Companies, Altís Sand Lake will provide residents with an elevated level of service and an exceptional living experience. They can enjoy the all-inclusive resort lifestyle in their own homes with all the amenities, perks and services that resorts offer.

The garden-style community will features a mix of spacious one-, two- and three-bedroom apartment homes. In addition, Altís Sand Lake is certified by the National Green Building Standard™.

Located at 7118 Altís Way, the development is near some of Orlando’s most popular shopping, dining and entertainment, as well as major employers. There is also convenient access to the Central Florida Parkway, International Drive and I-4.

“There’s a lot of buzz about new multifamily construction in the highly desirable Dr. Phillips area, and we’re excited to establish ourselves in the neighborhood,” said Altman. “The community offers residents a world of possibilities right outside their front doors.”

Residents will start to move-in at the beginning of June. For leasing information at Altís Sand Lake, call (407) 363-5211. The pre-leasing center is located at 8956 Turkey Lake Road, Suite 900.

The Altman Companies currently has 1,229 units under construction in Florida and an additional 1,292 units in the pipeline for this year. All of the properties are Class A and highly amenitized, offering residents an “Exceptional Living Experience.”

About The Altman Companies:

Since 1968, The Altman Companies has developed, constructed, acquired and managed in excess of 24,000 multifamily units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field.

The Altman Cos. sold the recently completed Altís Sheridan Village in Pembroke Pines for tens of millions of dollars in a deal that avoided the usual real estate transaction taxes.

The Boca Raton-based developer announced that it sold the 300-unit apartment complex at 16700 Sheridan Street to AVR Realty Co. It was completed in the fourth quarter of 2014.

A deed was not recorded in Broward County for the transaction. However, a limited liability company affidavit was filed that changed the manager of Altís at Sheridan Village LLC from Altman Cos. to AVR. Wells Fargo Bank then issued a $45.6 million mortgage on the property.While Altman Co. declined to disclose the sales price for Altís Sheridan Village, it said in a news release that it sold that complex, plus three others, for a combined $223.25 million to separate buyers. Three of those deals were filed in public records: the sale of Altís Cypress Creek in North Lauderdale for $36.56 million, the sale of Altís Cocout Creek for $61.77 million and the sale of Altís Grand Cypress in Lutz for $47.28 million.

That means Altman sold Altís Sheridan Village for $77.64 million, or $258,800 per unit. That would have drawn a $543,430 tax bill if the transaction was filed as a deed.

“We are proud of all the developments, as well as the great quality and value our buyers received,” Joel Altman, chairman of the Altman Cos., said in a news release. “The multi-family market remains strong and we expect another great year in 2015.”

The company has 1,229 apartment units under construction in Florida with another 1,292 units in the pipeline for future construction. It plans to complete Altís at Kendall Square in Miami, Altís at Highland Park near Tampa, and Altís at Sand Land near Orlando during 2015. Those projects have 321, 239 and 315 units, respectively.

MIAMI – Altman Companies just sold four of its Altís-branded multifamily developments for $223 million. The apartment complexes – three of which are in South Florida and one in Tampa, FL – sold to four different buyers.

All told, the multifamily assets include 1,094 units in stabilized assets. Each multifamily community offers one-, two- and three-bedroom garden apartments in suburban neighborhoods that boast consistent rent growth and strong absorption. “The multifamily market remains strong and we expect another great year in 2015,” says Joel Altman, chairman of Altman. The firm has 1,229 multifamily units under construction in Florida and another 1,292 units in the pipeline for 2015 starts.In terms of the multifamily sales, AVR Realty acquired the 300-unit Altís Sheridan Village in Pembroke Pines, FL. Altman began construction of the multifamily community in 2013 and finished in the fourth quarter of 2014.

A joint venture between Clarion Partners and a major insurance company acquired the 270-unit Altís Coconut Creek. The multifamily community is located at 5401 Wiles Road in Coconut Creek, FL. Greystar Partners snapped up Altís Cypress Creek. It was built in 2009 and has 220multifamily units in North Lauderdale, FL.

Further north, Starlight Capital acquired Altís Grand Cypress, a 304-unit multifamily development in Lutz, FL. Phase 1 was completed in 2012. Phase 2 was completed in 2014. All four multifamily properties are class A and highly amenitized.

This year, Altman will complete three new developments in Miami, Tampa, and Orlando. Leasing is underway for each multifamily property. In the Tampa area, Altman is building Altís at Highland Park in the Westchase submarket. In South Florida, Altís at Kendall Square in Miami is a mixed-use, garden-style community with 321 luxury apartment homes ranging from studios to three-bedroom units near the growing West Kendall Baptist Hospital. Finally, Altís at Sand Lake in Orlando’s Dr. Phillips submarket and will open spring of this year. It features 315 multifamily homes in a mix of one-, two- and three-bedroom floor plans.

BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX), announced today that it has invested $5.0 million in The Altman Companies’ planned multi-family development – Altís at Lakeline.

Located in the northwest area of Austin, Texas, Altís at Lakeline is planned to comprise of 19, two and three story, residential apartment buildings with 354-unit apartment homes, 38 enclosed garages, and a clubhouse. Located on an approximate 23 acre parcel, the gated community will feature a mix of studio, one, two and three bedroom apartment homes with gourmet kitchens, ENERGY STAR appliances, granite counters, as well as spa-inspired baths with raised vessel sinks, marble counters and spacious linen closets. Private, direct access garages are also available on select units.

All residents will enjoy membership in a private resort style 5,500 square foot clubhouse, which offers exciting features to the residents for recreation and business. Other planned amenities include a pool and spa, an outdoor activities pavilion with a sports bar and full demonstration kitchen, a full circuit fitness center, and a kids’ play ‘n study area.

Altís at Lakeline is on the west side of Ridgeline Boulevard (12700 Ridgeline Boulevard), directly across the street from the Lakeline Mall in Cedar Park. Now the third largest city in the Austin MSA, Cedar Park has been identified as one of America’s fastest growing suburbs by Forbes Magazine and one of the Ten Best Towns for Families by Family Circle Magazine. Easily accessible to downtown Austin, the community is within close proximity to the highway system, as well as to a multitude of shopping, dining, and other entertainment venues. Altís at Lakeline is also near a new planned rail stop for the Capital Metro Rail system which will provide residents with convenient access to central and downtown Austin.

“Altís at Lakeline is well positioned to capitalize on significant growth in rental demand in the area due to Austin’s strong job market and attractive supply and demand fundamentals,” commented Seth Wise, President of BBX Capital Real Estate. “We are pleased to be investing with The Altman Companies on another development as we continue to build our investment portfolio focusing on high quality assets and locations.”

BBX Capital Real Estate also recently announced the completion of the first apartment homes at Altís at Kendall Square, another joint venture investment with The Altman Companies. This development is located on West Kendall Drive in Miami-Dade County.

Since 1968, the Altman Companies has developed, constructed, acquired and managed in excess of 22,000 multi-family units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. The company has attained a highly respected reputation for developing and operating luxury apartment homes and condominiums.

The Altman Cos. sold its recently completed Altís at Coconut Creek apartment complex for $61.77 million, or $228,778 per unit. The Boca Raton-based developer completed the 270-unit complex at 5401 Wiles Road in 2013 and 2014. It purchased the 15.2-acre site in 2012.

Altman Cos. affiliate Altís at Coconut Creek LLC sold it to 5401 Wiles Road LLC, an affiliate of Clarion Partners in Washington, D.C. and Mid-Century Insurance Co. in Woodland Hills, Calif.

Boca Raton, Florida-based The Altman Companies announced they have closed on 10-acres in the Westchase area of Tampa with close proximity to downtown and Clearwater. Construction on the 239-unit mixed-use Altís at Highland Park rental community is scheduled to start right away with first units to be delivered in July 2014.

Lender for the development is PNC Bank.

The apartment community will feature a mix of studios, one, two and three-bedroom apartment homes and 5,000-square-feet of retail. The apartments will have exceptional, high quality amenities and finishes, including designer style kitchens and baths, vessel sinks, upgraded cabinetry and lighting, granite countertops, energy efficient appliances, programmable thermostats and 100% energy efficient lighting. Select apartments will also feature private entries and direct access garages along with wood faux flooring throughout the living areas.

According to Joel Altman, Chairman of The Altman Companies, Altís at Highland Park will provide residents with a private, resort-style 5,600-square-foot clubhouse that will include a movie theater with surround sound, a state-of-the-art fitness center, a cyber cafe, and clubroom. The pool area will feature a resort-style pool with sundeck, a pool pavilion with outdoor demonstration kitchen, a bar and barbeque grill. Separate recreational amenities will include barbeque areas, outdoor tables for dining, a dog park, a children’s playground and a community garden.

One of the leading multifamily developers in the United States, The Altman Companies this year held a grand opening of Altís at Grand Cypress, a 258-unit development in New Tampa, Pasco County, Florida. Altís at Grand Cypress, located on 60 acres on the west side of Livingston Road and south of Highway 54 in the rapidly growing New Tampa Wesley Chapel area, is 98% leased. Phase II consisting of 46 additional units is currently under construction with the first units being delivered in January 2014.

Altman is also currently developing three South Florida rental apartment communities.

Altís at Coconut Creek, a 270-unit rental development in Coconut Creek, recently delivered the models, first and second buildings and is expecting to complete two additional buildings in the coming weeks. Altís at Coconut Creek is currently 33% pre-leased.

Additional new developments under construction are Altís at Sheridan Village, a 300-unit eco-friendly rental community inPembroke Pines and Altís at Kendall Square, a 321-unit mixed-use community in Kendall, with preleasing starting in late 2013 and first occupancy in 2014.

About The Altman Companies
Since 1968, The Altman Companies has developed, constructed, acquired and managed in excess of 22,000 multi-family units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Known for its development of exceptional quality rental apartment communities, the company has been a leader in the rental apartment field.

Altís at Sheridan Village to Showcase Innovative Eco-Friendly Features.

Boca Raton, Florida-based The Altman Companies today announced they have closed on 34-acres in western Pembroke Pines and will start construction on Altís at Sheridan Village.

The 300-unit leading edge apartment community, featuring a mix of one, two and three-bedroom apartments, will offer lake and wetland preserve views along with a resort style clubhouse with beach entry pool and spa, pool activities pavilion with fireplace, TV’s and outdoor kitchen, cabanas, playground, beach volleyball court, dog park with bathing station, soccer field, a jogging/walking path, vast amount of open space, and a unique opportunity for residents to grow their own organic vegetables and herbs on 10′ x 10′ plots complete with a composter. The new community will be located on Sheridan Street, just west of I-75.

Altman emphasized that the eco-friendly design of Altís at Sheridan Village incorporates the creation of a 10.5 acre pristine wetlands with planting of native trees and flowering lilies to replace the non-native, invasive Melaleuca trees that now populate the site.

Development lender is BB&T and equity partner is Sarofim Realty Advisors.

“Altís at Sheridan Village demonstrates our commitment to building first class residential rental communities with a high degree of sensitivity toward our environment, sustainability and a home for our residents to have an Exceptional Living Experience,” said Joel Altman, Chairman of The Altman Companies.

One of the leading multifamily developers in the Southeastern U.S., The Altman Companies recently broke ground at Altis at Coconut Creek, a 270-unit rental development on Wiles Road between Lyons Road and State Road 7, near the Promenade Shopping Center. Vertical construction is expected to begin this month. Altman is also planning a new rental community in Kendall in Miami-Dade County which will start in December of this year.

Boca Raton, Florida-based The Altman Companies announced they have closed on 24.6-acres in Kendall Square at West Kendall Drive in Miami-Dade County. Construction is scheduled to start immediately with first units to be delivered in the fourth quarter of 2013.

Lenders for the Development are TD Bank and Behringer Harvard. Bradley Associates and BBX Capital are the equity partners.

The spectacular 321-unit apartment community will feature a mix of one, two and three-bedroom apartment homes and 6,000 square feet of retail. Many of the apartment homes will offer breathtaking lake views, and residents will have a membership in their own club with a private resort style 5,000 square foot clubhouse, which will offer exciting features to our residents for recreation and business. Other amenities will include a pool and spa, an outdoor activities pavilion with sports bar and demonstration kitchen, cabanas overlooking the lake, playground, beach volleyball court, dog park with bathing station, and a unique opportunity for residents to grow their own organic vegetables and herbs on 10′ x 10′ garden plots complete with a composter.

The community, according to Joel Altman, Chairman of the Altman Companies, features an urban design based on traditional neighborhood master planning with emphasis on pedestrian traffic featuring wide sidewalks, front porches, parallel parking, and one-way streets. The neighborhood design is anchored by a large, 80-foot-wide, heavily landscaped promenade with flowering trees and plazas with water features, trellises and benches. The promenade ends at a two-acre park with a soccer field and a large obelisk surrounded by tall oak trees.

“It reminiscent of what you would find in some of the finer European cities,” said Altman.

One of the leading multifamily developers in the Southeastern U.S., The Altman Companies started construction on two South Florida rental apartment communities in 2012. It is currently building Altís at Coconut Creek, a 270-unit rental development on Wiles Road between Lyons Road and State Road 7, near the Promenade Shopping Center in the city of Coconut Creek. Construction is also underway at Altís at Sheridan Village, a 300-unit eco-friendly rental community located on 34-acres in Pembroke Pines, on the south side of Sheridan Street approximately one mile west of I-75; and less than half a mile west of Sheridan Shoppes and Coquina Plaza. Both communities are located in Broward County, Florida.

“We are very pleased to be partnering with The Altman Companies on this development, as we continue to build our investment portfolio,” commented Seth Wise, president of BBX Capital Asset Management. “The Altman Companies are highly respected in the rental apartment field and we are excited to partner with them to bring this exciting new neighborhood to the Kendall market.”

In 2011, The Altman Companies started Altís at Grand Cypress, a 258-unit development in New Tampa, Pasco County, Florida. Construction is nearing completion, models are open and leasing is going exceptionally well, with new residents already enjoying their new apartment homes, according to Altman.

About The Altman Companies

Since 1968, the Altman Companies has developed, constructed, acquired and managed in excess of 22,000 multi-family units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. Known for its development of exceptional quality rental apartments and condominiums, the company has been a leader in the rental apartment field and has always achieved above market results.

Pembroke Pines, Fla.—The Altman Cos. has unveiled plans for Altís at Sheridan Village, a 300-unit apartment property on 34 acres in western Pembroke Pines in Broward County. Development lender for the project is BB&T, while the equity partner is Sarofim Realty Advisors.

Joel Altman, chairman of the Altman Cos., tells MHN that now is a good time to undertake the development, “since so little has been developed in the last four to five years. Even before the recession, a large part of the local stock of apartments was converted into condos, so between those two factors, there aren’t enough apartments to meet demand.”

The property will feature a mix of one-, two- and three-bedroom apartments, and will offer lake and wetland preserve views, along with a resort-style clubhouse with pool and spa. Other common amenities include a playground, beach volleyball court, dog park with bathing station, soccer field and a jogging/walking path.

Altman also emphasizes the greenness of the property. Among other things, the design incorporates the creation of 10.5 acres of wetlands, with the planting of native trees and flowering lilies to replace the non-native, invasive Melaleuca trees that now populate the site. Residents will also have the opportunity to grow their own organic vegetables and herbs on 10′ x 10′ plots at the property, complete with access to a composter.

This isn’t the first push by Altman to take advantage of the current dearth of apartments in Florida. Last year the company started Altís at Grand Cypress, a 258-unit development planned for New Tampa in Pasco County, and construction is nearing completion on that project. The company also recently broke ground at Altis at Coconut Creek, a 270-unit rental development near the Promenade Shopping Center, and is planning a new rental property in Kendall in Miami-Dade County, which will start in December.