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| Seth Wise |
FORT LAUDERDALE, FL – BBX Capital
(NYSE: BBX), formerly BankAtlantic Bancorp, announced that its subsidiary BBX
Capital Asset Management has sold 31 single family lots within the Oasis Key
development for $1,240,000 million to Neil Neal Communities of Southwest
Florida, LLC.
The Oasis
Key development is on the east side of Winkler Road Extension, two miles south
of Summerlin Road in unincorporated Lee County, Florida.
“BBX Capital, which was formerly
BankAtlantic Bancorp, continues to gain traction and momentum transitioning
from a bank holding company into a diversified investment and asset management
company,” said Seth Wise, President of BBX Capital Asset Management.
“The Oasis Key transaction is
another example of our progress towards effectively monetizing our legacy real
estate portfolio with the goal of allocating capital towards our core business
growth.”
For a complete copy of the company’s news release, please contact:
Caren Berg
Senior Vice President
Boardroom Communications, Inc
1776 N. Pine Island Road, #320
Plantation, FL 33322
954-370-8999
954-829-7064 Cell
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