FORT LAUDERDALE, FL – CanAm Enterprises announced that its private equity affiliate, CanAm Capital Partners (CACP), has closed on its latest real estate investment – $3 million from redeployed investor capital that has been successfully invested into Pacific Point Apartments in Fort Lauderdale, Florida to fund the repositioning of a 420-unit apartment community by the Frankforter Group.
CanAm Enterprises is a leading full-service financial firm sponsoring EB-5 immigration-linked investment funds. The $3 million in capital was originally part of a $350 million EB-5 loan provided for the construction of the Brightline high-speed rail line in South Florida. The redeployed capital will remain invested in the Pacific Point project to meet program requirements for EB-5 investors impacted by immigration backlogs.
We are pleased to close on this investment in partnership with the Frankforter Group which has successfully executed this value-add strategy in the past, and we expect to realize solid risk-adjusted returns for our investors. says John Reid, Director at CACP. This closing marks $103 million in closed investments of our $220 million redeployment mandate within the state of Florida. We are in discussions with several other sponsors in Florida for the remaining $117 million of capital available within this pool and expect to fully deploy in the coming months
Florida is one of the fastest-growing states by population in the country, and Pacific Point Luxury Apartments is a Class A property that combines both luxury and location. The property is conveniently located in Broward County between Florida s Turnpike and I-95, in close proximity to both downtown Ft. Lauderdale and the Pompano Beach business district. The property offers high-end contemporary units along with amenities that include a resort-style pool with spa, fully-equipped fitness center and a 36-seat, high-definition movie theater.

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HOUSTON, TX – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of its newest luxury residential community – Alta West Alabama – in Houston, Texas. Leasing is currently underway at the community.
Located at 3623 W Alabama St., the new community is centrally located between the River Oaks, Highland Village, Greenway Plaza, and Upper Kirby neighborhoods, placing it in one of Houston’s most sought-after submarkets. The community is also in close proximity to Interstates 69 and 610, easily connecting it to the rest of the Greater Houston area.
Alta West Alabama has best-in-class amenities and features that will provide an A-class living experience, setting the community apart in the market. The community’s 304 units feature a mix of one, two and three-bedroom floor plans with open-concept designs. The apartment homes feature stainless steel appliances, gas cooktops, quartz countertops, and full-size washer and dryers.
The community also has numerous amenities to maximize both indoor and outdoor living. Outdoor living amenities include two courtyards, the first featuring a large resort-style swimming pool and outdoor kitchen, and the second offering a tranquil outdoor environment. Indoor amenities include a luxurious clubroom, a business center with conference space, as well as a gaming lounge and sky lounge that features a billiard table and other games for residents to delight in.
“Adjacent to River Oaks, Alta West Alabama is in one of Houston’s most prestigious locations that offers residents simple access to everything Houston has to offer from first-class restaurants and retail to a variety of employment opportunities,” said Bart Barrett, Managing Director at Wood Partners.
The Houston area is home to some of the most dynamic economic hubs in the region. A small commute away from Alta West Alabama are a number of job centers, including Greenway Plaza, the city’s downtown core, the Galleria, The Texas Medical Center and the Energy Corridor.
Recreational opportunities and attractions in the area include world-class retail in Highland Village, the River Oaks District, and Upper Kirby. Other nearby entertainment options include numerous museums like the Houston Museum of Natural Science and The Museum of Fine Arts, the Houston Zoo, hiking in Memorial Park, a wide range of golf courses, and the Color Factory of Houston. The community is also close to a wide range of restaurants, shopping and historical sites. Additionally, the location provides simple access to several grocery options including Central Market, Whole Foods, Costco and H-E-B. The Galleria is located nearby and offers a number of high-end retailers including Saks Fifth Avenue, Gucci, Louis Vuitton and more.

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WEST PALM BEACH, FL – Index Investment Group and Navarro Lowrey announced the unanimous vote (7-0) of site plot approval by the City of West Palm Beach Commission for their newest multifamily rental community Centrepark Residences in the heart of West Palm Beach, Florida.
Centrepark Residences will be a state-of-the-art multifamily rental community targeting young working professionals, located just outside the Downtown West Palm Beach city core, with convenient access to major highways and employment centers as well as protected bike lanes linking Centrepark Village (as Centrepark will now be known) to the Warehouse District and Howard Park. The property is located at 1885 Centrepark Drive East, West Palm Beach.
Navarro Lowrey and I personally have been involved with Centrepark since 1994. First to revive it as an acceptable address for West Palm Beach companies, second to develop hundreds of thousands of square feet of office workspace, and now finally to complete the park s transition to a right mixed-use community which we ll refer to as Centrepark Village . I am honored to be partnering with Index Investment Group on this venture. They bring a wealth of experience successfully developing thousands of multifamily units in Florida which perfectly complements our West Palm Beach track record. -Frank Navarro.
Index Investment and Navarro Lowrey bought the property in August 2019 and are looking forward to breaking ground in the coming months with anticipated completion first quarter 2023. The property is a 2.2-acre parcel just down the street from well loved local entertainment and restaurants destinations within the Warehouse District and the Downtown. The development features 231 units of multifamily rental apartments averaging a spacious 924 SF. The building will be 8 tales and feature a 7th floor pool deck, 24-hour business/conference center, integrated café/retail, outdoor fitness lawn, club room & sunset lounge, storage, bike repair & storage, package & food delivery areas, security via access control & CCTV as well as landscaped walking trails and greenways.
Index has made significant investments in the Florida multi-family rental market and commercial space. The Jupiter-based real estate investment company has ongoing and completed twenty-two developments across Central Florida to The Keys. Navarro Lowrey has owned Centrepark since 1994, developing, leasing, and managing a portfolio of over 500,000 RSF of office space within the Centrepark Office District.

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