CFH GROUP TO EXPAND MEADOWGREEN APARTMENTS
ALTHOUGH A CONVENTIONAL DEVELOPMENT, THE NEW BUILD WELCOMES HUD HOUSING VOUCHERS
MIAMI, Fla., (January 27, 2016) – CFH Group, a leading real estate development and property management company, will soon be making way for a wave of brand new residents at the Meadowgreen Apartments complex located at 1955 W 54 Street, Hialeah, Fla., 33012.
The 22 brand-new market-rent units being added to the existing apartment complex are anticipated to be move-in ready next month. The property’s current 119 apartments are Section 8 units and the complex will continue accepting rental subsidies through the Housing Choice Voucher Program funded by the U.S. Department of Housing and Urban Development. New units were 100 percent pre-leased prior to completion.
“The new-build options at Meadowgreen Apartments will provide opportunity for residents seeking quality at affordable rates in this competitive market,” said Tom Cabrerizo, CFH Group CEO. “We look forward to continuing our commitment to providing truly affordable options to the residents of Hialeah and the broader Miami-Dade area.”
Recognizing a specific need within the city of Hialeah, CFH Group has its eyes set on multiple projects in the area. Among them, the company is hoping to undertake what will be one of the city’s largest builds in the last few decades.
CFH Group is a fully integrated real estate development and property management firm. Offering divisions for wholesale building products, landscaping, property management, and marketing, CFH Group aims to serve its customers by providing a vast array of services under one roof. The firm owns and manages approximately 6,000 multifamily units and more than 500,000 square feet of commercial property throughout the Southeast of Florida. For more information about CFH Group, visit the company’s website at www.cfhgroup.com.
CFH GROUP PLANS $2 MILLION UPGRADE OF HOLLYWOOD APARTMENT COMPLEX
New clubhouse slated for 318-unit Sunset Palms
MIAMI, Fla., (January 19, 2016) – CFH Group, a leading real estate development and property management company, will soon begin a multi-million dollar renovation and upgrade of the Sunset Palms apartment complex (formerly known as Conquistador Apartments) located at 7400 Stirling Rd., Hollywood, Fla., 33024.
A newly built 3,000 square foot clubhouse will be completed in the second quarter of 2016 and will feature a 24-hour fitness center, computer lounge with print station and WiFi throughout . The scope of work will also include the renovation of the existing pool, as well as exterior façade renovations and multiple landscaping additions.
“The new clubhouse will continue CFH Group’s new standard of providing older properties with a first-class recreational and leasing facility, which will greatly enhance our residents’ experience living in the community,” said Tom Cabrerizo, CFH Group CEO. “The property is a recent addition to CFH Group’s vast multifamily portfolio, and we look forward to continuing to deliver the very best service for our residents in the new year and beyond.”
CFH Group is a fully integrated real estate development and property management firm. Offering divisions for wholesale building products, landscaping, property management, and marketing, CFH Group aims to serve its customers by providing a vast array of services under one roof. The firm owns and manages approximately 6,000 multifamily units and more than 500,000 square feet of commercial property throughout the Southeast. For more information about CFH Group, visit the company’s newly designed website, launching on January 15, 2016, at www.cfhgroup.com.
LUXURY RENTAL COMMUNITY UNDER WAY IN CORAL GABLES
CFH Group and All-Go Construction Systems Partner to Build Riviera Waterway Villas
MIAMI, Fla., (Aug. 16, 2013) - Tom Cabrerizo, CEO of CFH Group, a Miami-based, full-service real estate development and management company, and builder Jose Garcia, CEO of All-Go Construction Systems, have partnered to build Riviera Waterway Villas, a contemporary, three-story rental-apartment community along the waterfront on Riviera Drive in Coral Gables.
“We are delighted to partner with All-Go Construction to build this unique property, which will be the only rental-apartment community on Riviera Drive with direct waterway access, and to include it in our growing portfolio of managed properties,” said Cabrerizo. “The property offers residents the best of South Florida living, including waterfront views and luxurious amenities, in the vibrant and lush city of Coral Gables.”
The property is conveniently located at 5100 Riviera Drive, the southeast corner of U.S. 1 and Riviera Drive. The new complex will consist of 14 modern units and offer two- and three-bedroom floor plans ranging in size from 1,100 to 1,400 square feet. Each unit will feature wood cabinetry, stainless steel appliances, quartz countertops, porcelain tile floors, impact-resistant windows and sliding glass doors, private balconies and water views.
Nestled in a prime Coral Gables location, Riviera Waterway Villas is conveniently located near schools for grades K-12 and various shopping centers, and is within walking distance of the University of Miami. Residents will also enjoy community amenities, including rental dock space, a pool area with sundeck and barbecue grills and covered parking.
Pre-leasing will begin in January 2014 and completion is slated for the end of the first quarter. Prices start at $2,900. The project is being financed by BankUnited and will be managed by CFH Group. For more information, please visit www.cfhgroup.com.
About CFH Group:
A privately-held corporation, CFH Group, under the leadership of CEO Tom Cabrerizo, acquires under-valued, under-managed, or physically distressed apartment communities and/or commercial properties in superior locations throughout Florida. Specializing primarily in the rental and multi-family housing arenas, the Miami-based company provides a turn-key approach to property management that services investors and lenders. Through CFH Group’s in-house renovation program and affiliates, Paramount Depot and Paramount Nursery, major suppliers of quality building materials and plants and trees, the company successfully remodels, re-brands and repositions properties, maximizing value for the assets. Since its inception in 1998, CFH Group has acquired and operated over 18,000 multi-family units and over two million square feet of commercial property throughout the Southeast. CFH Group is headquartered at 3850 Bird Road, 8th Floor, Miami, Florida 33146. For more information, visit www.cfhgroup.com.
REGGAE-POP SENSATION CRIS CAB TO HEADLINE WOODYSTOCK BENEFIT CONCERT
MIAMI, Fla., (Sept. 5, 2013) – Reggae-pop phenomenon Cris Cab will headline the Woodystock benefit concert, a free grassroots event for music and art lovers. The event will be held from 3 p.m. to 8 p.m. on Saturday, Sept. 21, at Peacock Park in Coconut Grove.
The concert will benefit The Woody Foundation, a nonprofit organization that strives to raise funds and awareness of spinal cord injuries. Woodystock was organized by foundation board member Tom Cabrerizo of CFH Group, a full-service real estate development and management company.
Woodystock, the foundation’s first benefit concert, is a homecoming for reggae-pop sensation Cris Cab, who grew up in Miami and attended Christopher Columbus High School in Westchester. Cab will perform in front of family, friends and fans, along with fellow local musicians Jahfe, ArtOfficial and Lance-O of Kulcha Shok Muzik. An outdoor gallery will include art work from local artists.
Twenty-year-old Cab, who blends pop, reggae and soul, has been mentored by Pharrell Williams and Wyclef Jean, and has over 10 million YouTube views for his hits, including “Good Girls” and “Rhianna’s Gun.”
The Woody Foundation was founded by James “Woody” Beckham, who suffered a life-changing spinal cord injury while making a rugby tackle in January 2011. Inspired by the outpouring of the community and the support of loved ones, the foundation was founded in 2011 in a show of appreciation and gratitude. Since then, The Woody Foundation has helped raise awareness and funds for several local organizations, including the Buoniconti Fund to Cure Paralysis, Jackson Rehabilitation Hospital and Shake-A-Leg Miami.
“After my own struggles with spinal surgery, The Woody Foundation’s efforts hit particularly close to home. I am delighted to bring this world-class outdoor concert to Coconut Grove in honor of Woody and all of his efforts, and the great strides he is making in raising awareness about spinal cord injuries,” said Cabrerizo.
“Woodystock will showcase great artists and bring awareness of the spinal cord-injured community in South Florida,” said Beckham. “We are hoping to make it a memorable fall afternoon for all that attend and look forward to making the biggest impact we can on the cause.”
Opportunities are available to become a “Friend of The Woody Foundation” by pledging a sponsorship package for the concert. With sponsorship support, the organization can achieve its fundraising goals and foster partnership towards raising money and awareness for the spinal cord community. For more information, visit www.woodyfoundation.org.
About The Woody Foundation:
The Woody Foundation, Inc. is a 501(c)(3) not-for-profit organization formed in 2011 to raise funds for the recovery of people with spinal cord injuries. The namesake of the foundation, James “Woody” Beckham, suffered his spinal cord injury making a rugby tackle in January 2011. The Miami-based Beckham family formed The Woody Foundation soon after the accident to raise awareness and lend financial support to local organizations helping to rehabilitate and cure paralysis. Two and a half years later the Woody Foundation has helped raise awareness and funds for organizations like The Buoniconti Fund, to Cure Paralysis, Jackson Rehabilitation Hospital and Shake-A-Leg Miami. For more information, visit www.woodyfoundation.org.
MIAMI COMPANY BUYS TWO MULTIFAMILY DEVELOPMENTS FOR 25 MILLION
A Miami-based real estate company, with the financial support of private investors, has acquired two multi-family developments totaling 460 units for $25 million. CFH Group, a realty development and management firm, announced Tuesday the purchase of the two rental properties on Florida’s East Coast and said it has plans to buy more. Tomas Cabrerizo, chief executive officer of CFH, and real estate investor Sheldon Lowe, co-developer of the Grand Bay Towers in Key Biscayne, bought for $18.7 million Island Club Apartments, a 260-unit rental community at Atlantic Avenue in Pompano Beach. Financing was by SunTrust Bank.
"We had been looking at this property for a while. We were able to get it at a reasonable price that we felt made sense in today’s market," Mr. Cabrerizo said Tuesday. "It’s going to take time to stabilize the asset as the market is very tough, but in the long term it is going to be a good investment."
The rental property, at 96% occupancy, encompasses two-story residential buildings, a clubhouse, fitness center, two tennis courts, pool and sauna. Unit floor plans range from one- to two-bedrooms of 750 to 1,125 square feet. Mr. Cabrerizo, along with investment partner Maurice Cayon, principal of Hialeah-based CD Group, also purchased for $6.3 million 200-unit complex Dunes Apartment Homes in Indian Harbour Beach, 15 miles south of Cape Canaveral. This acquisition was financed by mortgage giant Freddie Mac. Located near the beach, the residential complex is 99% occupied and features one-, two- and three-bedroom floor plans. Amenities include two outdoor pools and a fitness center. Both residential buildings were bought from AIMCO, a large owner and operator of apartment communities in the US headquartered in Denver. CFH Group, at 3850 Bird Road, is to manage the two rental properties, Mr. Cabrerizo said, which are to undergo interior renovations as well as improvements in the common areas to increase their value.
"Both properties need lipstick," he says — they need makeovers — adding the two are long-term investments for the company.
CFH uses an in-house renovation program to remodel and reposition its assets. Affiliates Paramount Depot and Paramount Nursery supply building materials and the landscaping to refurbish the group’s residential and commercial properties. Investors Mr. Lowe and Mr. Cayon, Mr. Cabrerizo noted, are his partners in other multi-family property investments. Earlier this year, he said, Mr. Lowe and he purchased Harbour Key, a 300-residence complex in Kendall. He says he plans to acquire more multi-family developments in the remainder of this year and in 2010 to grow his residential portfolio. Operating since 1995, CFH Group has acquired and operated 15,000-plus residential units and more than 2 million square feet of commercial real estate throughout the Southeast.
VILLA VICENZA APARTMENTS IN HIALEAH GARDENS PREPARES TO CELEBRATE THEIR GRAND OPENING
MIAMI, Fla., (May 29, 2014) – Tom Cabrerizo, CEO of CFH Group, a Miami-based, full-service real estate development and management company, and developer Mauricio Cayon, CEO of CD Group, teamed up to build Villa Vicenza Apartment Rentals, a contemporary two-story, new construction apartment community in Hialeah Gardens. Preparations are being made to officially celebrate their grand opening event on Tuesday June 24th at 3:00pm, and Mayor Yioset De La Cruz is expected to perform the honor of cutting the ceremonial ribbon.
Villa Vicenza is located at 9392 N.W. 120th Street on the corner of Hialeah Gardens Blvd. and NW 120 Street just behind the Vicenza Plaza Shopping Center. The brand new complex consists of 216 modern units and offers one-, two-, and three-bedroom floor plans ranging in size from 797 to 1,221 square feet. Each unit features the company’s standard interior upgrades and resort-style amenities, including all stainless-steel appliances, granite countertops, wood cabinetry, brushed-nickel lighting and fixtures, ceramic tile floors and baseboards, washer and dryer, and impact-resistant sliding glass doors and windows.
Situated in a prime Hialeah Gardens location, Villa Vicenza is conveniently located within walking distance of great schools, grades K-12, and nearby stores such as the Walmart Neighborhood Market. Residents also enjoy the community’s amenities, including a beautifully furnished clubhouse with business center, a swimming pool with sunbathing deck and complimentary Wi-Fi access, state-of-the-art fitness center, a kid’s playground, and dog park.
“We are so excited to formally open our doors to the public and show off this fantastic new multifamily community that has been so well received” says Tom Cabrerizo. Tenant interest in the community has been extremely high since construction began. Many of the units rented prior to completion of the property however there is still hope for those looking to move to the area as construction has begun on the adjacent Coral Palms Apartment Rentals. This 72 unit community will provide the same affordability, luxury and convenience as Villa Vicenza.
Villa Vicenza began leasing earlier this year and is now 100% leased. Both properties are managed by CFH Group. For more information, please call 786-899-2354.