Wednesday, April 10, 2013

BBX Capital Completes Sale of 31 Single-Family Lots in Lee County, FL for $1.24 Million



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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