ATLANTIC AMERICAN OPPORTUNITIES FUND III
Atlantic American Opportunities Fund III raised $45,000,000 from 90 EB-5 investors, creating a diversified portfolio of six assets, including two select service hotels, three multifamily residential rental apartment communities and an assisted living/memory care facility.
Aloft Tampa
Opportunities Fund III made a $4,500,000 investment in the development of the Aloft Tampa.
Operating under Starwood Hotels & Resorts’ Aloft brand, the Aloft Tampa is an upscale, select-service hotel located in downtown Tampa, Florida.
Located along the Hillsborough River and the new Tampa Riverwalk, Aloft Tampa is within walking distance of the University of Tampa, Tampa Convention Center, University of South Florida’s new CAMLS (Center for Advanced Medical Learning and Simulation) facility, Tampa Times Forum, Tampa Center for the Performing Arts, Tampa History Museum, Curtis Hixon Park, Florida Aquarium, the Port of Tampa, as well as the numerous office buildings of downtown Tampa.
Marriott Residence Inn Orlando Downtown
Opportunities Fund III made a $7,000,000 investment in the Residence Inn Orlando Downtown.
Operating under Marriott International’s Residence Inn brand, the Residence Inn Downtown Orlando is an extended stay hotel that offers 138 guest rooms, a ground floor lobby, indoor swimming pool, fitness room, approximately 4,000 square feet of commercial retail space and a parking garage.
The Project is an example of repurposing currently underutilized land for a positive, job-creating use that benefits the entire downtown Orlando market.
The Cabana at Jensen Dunes
Opportunities Fund III made a $7,500,000 investment in The Cabana at Jensen Dunes, a senior housing project located in Jensen Beach, Florida.
The Cabana at Jensen Dunes offers 73 assisted living units and 53 memory care/dementia units, providing care for elderly residents in an “aging-in-place” facility. The Project includes multi-use open areas, including cafes, a fitness center, dining and other common area elements.
The Cabana is an innovative answer to the need for affordable assisted living and memory care services. The philosophy is simple: everyone deserves the respect and dignity of an uplifting and sustaining lifestyle, one that fosters empowerment in life’s later years.