Stiles Property Fund I, a $25 million property fund launched in 2011, was a discretionary value-added real estate fund that enabled the company to take advantage of market opportunities as they are presented. Now successfully closed, SPF I allowed the company to react more quickly and efficiently to real estate market opportunities that fit Stiles’ business model.
Through the fund, Stiles acquired seven quality retail and office properties throughout South Florida. SPF I focused on existing distressed office and retail real estate in Florida with target investments in cash-flowing properties in secondary markets (core-plus) and properties with repositioning potential in primary markets (value-added). Managed by Stiles’ team of real estate professionals, SPF I was built on the Stiles business strategy, directly benefiting from the company’s established fully-integrated platform, resources, relationships and proprietary information.
Repositioning
Acquire well-located underutilized or under performing assets with the potential to achieve a new qualitative position in the market
Submarket Vision
Acquire quality assets in high barrier markets at discounts to replacement cost with unique and favorable submarket dynamics
Special Situations
Acquire quality assets in high barrier markets at discounts to replacement cost with unique and favorable submarket dynamics
Redevelopment
Acquire existing assets with the potential to increase intensity
Three Building Portfolio, JV with BBX Capital
Chief Investment Officer and Board Advisor
President, Stiles Financial Services
Director of Acquisitions
May 1, 2019
Stiles Realty is pleased to announce a new lease signing at Sunrise Corporate Plaza in Sunrise. AlphaStaff Inc., a Fort Lauderdale-based HR outsourcing company, signed a lease for 14,604 square feet bringing the building to full occupancy. Senior Vice Presidents Madelayne Garcia and Tom Kates handled the leasing for Stiles Realty, a division of the full-service commercial real estate firm, Stiles.
November 16, 2018
Stiles announced today that its property management and construction divisions won a combined 26 awards during a pair of local award ceremonies. Stiles Property Management and Stiles Construction are divisions of full-service real estate firm Stiles, a leading provider of third-party commercial and facility management services throughout Florida.
June 18, 2018
About BBX Capital Real Estate: BBX Capital Real Estate is active in the acquisition, ownership and management of real estate development projects and investments in joint ventures. BBX Capital Real Estate also holds legacy assets previously owned by BankAtlantic consisting of loans and charged off loans and judgments. For further information, please visit http://www.bbxcapital.com/bbx-capital-real-estate/overview/ About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a diversified holding company whose activities include its approximate 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its Real Estate and Middle Market Divisions. For additional information, please visit www.BBXCapital.com. About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG), founded in 1966 and headquartered in Boca Raton, Florida, is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with approximately 211,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation. For further information, visit www.BluegreenVacations.com. Media Relations Contacts: Kip Hunter Marketing, 954-765-1329, Nicole Lewis / Elysia Volpe Email: nicole@kiphuntermarketing.com, elysia@kiphuntermarketing.com
June 15, 2018
About BBX Capital Real Estate: BBX Capital Real Estate is active in the acquisition, ownership and management of real estate development projects and investments in joint ventures. BBX Capital Real Estate also holds legacy assets previously owned by BankAtlantic consisting of loans and charged off loans and judgments. For further information, please visit http://www.bbxcapital.com/bbx-capital-real-estate/overview/ About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a diversified holding company whose activities include its approximate 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its Real Estate and Middle Market Divisions. For additional information, please visit www.BBXCapital.com. About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG), founded in 1966 and headquartered in Boca Raton, Florida, is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with approximately 211,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation. For further information, visit www.BluegreenVacations.com. Media Relations Contacts: Kip Hunter Marketing, 954-765-1329, Nicole Lewis / Elysia Volpe Email: nicole@kiphuntermarketing.com, elysia@kiphuntermarketing.com About Stiles: Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 43 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://stiles.com or call 954-627-9300. # # #
May 14, 2018
Stiles announced today that it has completed a $2 million renovation and rebranding of 200 East Las Olas, a 21-story, mixed-use office tower in downtown Fort Lauderdale. Stiles, which owns, manages and leases the property along with a global real estate investment manager, recently completed a 10-month makeover modernizing the building’s interior common areas and exterior façade. Along with its new look, the tower has been renamed 200 East Las Olas, taking inspiration from the renowned street it fronts.
April 2, 2018
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements and include, but not limited to, words or phrases such as "plans," "believes," "will," "expects," "anticipates," "intends," "estimates," "our view," "we see," "would" and words and phrases of similar import. We can give no assurance that such expectations will prove to be correct. Future results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of management. These risks and uncertainties include, but are not limited to the impact of economic, competitive and other factors affecting the Company; risks relating to the Company's ability to successfully implement its currently anticipated business plans, which may not be realized as anticipated, if at all; that the Company's investments in real estate developments, either directly or through joint ventures, will increase exposure to downturns in the real estate and housing markets and expose it to risks associated with real estate development activities and the risk that its joint venture partners may not fulfill their obligations; that required regulatory entitlements to develop the property will not be obtained timely or at all; that the property will not be developed as currently planned and that the Company's investment in this or future real estate joint ventures may not achieve the returns anticipated or be profitable. In addition to the risks and factors identified above, reference is also made to other risks and factors impacting BBX Capital detailed in the Annual Report on Form 10-K, including Item 1A. Risk Factors, which is available to view on the SEC's website, www.sec.gov, or on BBX Capital's website, www.BBXCapital.com. The Company cautions that the foregoing factors are not exclusive.
June 9, 2015
Fort Lauderdale-based Stiles announced today it has closed on Sunrise Corporate Plaza, a three-story Class A suburban office property located in Sawgrass International Corporate Park in Sunrise, FL, one of South Florida’s largest and most successful business parks.
December 23, 2014
Fort Lauderdale-based Stiles and Prudential Real Estate Investors announced today the acquisition of 200 East Las Olas (also known as “New River Center” or the “Property”), a 20-story trophy Class A office tower located directly on Las Olas Boulevard in the heart of Fort Lauderdale’s bustling central business district.