Las Olas

Date of Investment: 
December, 2008
Deal Value: 
$35 million

Las Olas is an affordable luxury beachfront condominium development project in the Dominican Republic. It is one of several projects of Group Metro, a premier real estate developer in the country.  As part of Group Metro’s multi-phased approach to development, ACF was presented with the opportunity to provide capital to assist in the completion of Las Olas.  Portland Private Equity has negotiated a transaction which combines a secured debenture component with elements of profit sharing as well as options on subsequent development.  

The Portland Private Equity Difference: 

The investment closed in Q4 2010, and Portland Private Equity has already added value by:

  • Working with management to upgrade reporting and related processes as part of its diligence
  • Providing a stable capital source and financial partner to a long-term project
  • Raising the profile of the project through its involvement