ATLANTIC AMERICAN FORTUNE FUND I
Atlantic American Fortune Fund I was the firm’s first offering under its Fortune Fund brand. The Fund raised $50,000,000 from 100 EB-5 investors to create a diversified portfolio of three assets – a luxury multifamily residential rental apartment high-rise, the redevelopment of a historic office building into a Le Méridien hotel, and a multifamily residential rental apartment community – located in three different States.
Le Méridien Houston Downtown
Fortune Fund I made a $14,000,000 investment in the redevelopment of one of downtown Houston, Texas’ older office buildings into the Le Méridien Houston Downtown.
The Le Méridien Houston Downtown is a full-service hotel situated in downtown Houston, Texas that will operate under Marriott’s (formerly Starwood Hotels & Resorts) Le Méridien lifestyle brand.
The Project is centered around the redevelopment of Houston’s historic Melrose Building, located in Houston’s central business district. Opening in 1952, the Melrose Building was Houston’s first modern-style skyscraper, and has recently been added to the National Register of Historic Places.
YOO on the Park
Fortune Fund I made a $23,000,000 investment in YOO on the Park, a 25-story multifamily residential rental apartment high-rise, situated in the heart of Midtown Atlanta, Georgia – adjacent to Piedmont Park and the Midtown Mile.
The Project has partnered with internationally acclaimed Yoo Design Studios to design and brand Yoo on the Park. Yoo Design is an award-winning residential and hotel design company and lifestyle brand that has branded 63 projects in 48 cities (in 29 countries) throughout Asia, Africa, Australia, Europe, North and South America and the Middle East.
