FAVO Capital acquires 1818 Park in $190 million

13 hours ago 1

FAVO Capital (OTCPK:FAVO) announced on Wednesday that it completed a $190 million all-stock and assumption-of-liabilities acquisition of 1818 Park, a premier Class-A mixed-use property in downtown Hollywood, Florida.
As part of the transaction, the current owners of 1818 Park, led by real estate investment firm GCF Development, will become long-term equity partners in FAVO.
The company said the property, detailed at 1818Park.com, is a newly built, stabilized asset boasting high occupancy and long-term lease agreements across its tenant base, offering durable cash flow.
Source: Press Release