For Immediate Release – Wickatunk, NJ – June 1st, 2023
New Jersey based Amalfi Capital is excited to announce its upcoming additional office opening in Boca Raton, FL at One Boca Place, 2255 Glades Road. This office will allow Amalfi to oversee and expand on its current commercial real estate holdings of 7 properties in the state and continue its investment push by partnering with its network of established and highly experienced sponsors in the rapidly growing state.
“As we all know Florida has seen a tremendous amount of migration over the last decade and especially the last 3 years from companies either relocating or opening satellite offices, to the explosive growth in commercial & office properties, and now the fintech sector pushing the boundaries with young and vibrant talent flowing into south Florida. From a growth perspective, it just makes sense to be there” said Raffaella Schnurr, President of Amalfi
Schnurr has been eyeing south Florida’s rising real estate, financial, and tech ecosystem since 2021, when the region became a hot spot for tech and financial entrepreneurs searching for a place to ride out the Covid-19 pandemic. According to the Wall Street Journal, investors began to pour more funding to the area, with local startups eventually raising $5.5 billion from venture capital investors. Understanding that at the end of the day real estate is a huge driver of investment, statistics continue to rank Florida as one of the top markets in the U.S. for this capital.
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Amalfi Capital is a real estate equity firm founded in 2015 that is an investor in over 5 million square feet of property throughout the United States. Amalfi focuses on expanding its portfolio by partnering with highly experienced sponsors who are experts in their respective markets by investing in commercial & industrial assets that we believe are well positioned for above market returns over the long run. Our conservative approach combined with markets and properties that have historically high occupancy, such as our concentration on multi-family, industrial distribution & flex space facilities, has been a winning formula since our inception.
www.Amalficapital.biz