In the aftermath of the sub-prime crisis, the firm heavily focused on acquiring distressed existing assets at deep discounts over repositioning costs, initially in South Florida.
During the economic recovery (2014-2015), the company focused on land assembly in emerging areas and the acquisition of distressed Multifamily buildings.
From 2016 onwards, the firm ventured into developments to expand the firm’s scope of services to take full advantage of the consolidation of South Florida as one of the most prominent real estate markets worldwide.
Location3 has turned its attention to acquiring residential development sites to benefit from a historically high housing deficit in the US and leveraging the strong domestic migration to the Sun Belt States, in the aftermath of the Covid pandemic.
The firm has expanded its development scope to focus on Multifamily projects. The loss of affordability generated by the combination of higher prices and higher interest rates shall lead to a decline of the Ownership ratio in the market.