December 28, 2012

Madison Oaks Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of Madison Oaks in Palm Harbor, FL, within the greater Tampa MSA. The property closed on December 28, 2012 and is comprised of a 250-unit, class B, fractured condominium community, consisting of 24, two-story buildings.

The property is located within central Pinellas County, which affords residents easy access to Tampa to the east, St. Petersburg to the south, and beaches to the west. It also benefits from excellent access to nearby shopping, the greater Tampa Bay’s major employment hubs, and the Tampa International Airport.

Atlantic Creek has offices in New York, NY and Palm Beach, FL and primarily targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate, primarily located on the East and West Coasts of the U.S., Texas, and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.