Aug 10, 2005, 4:57pm EDT

Prestige Builders Partners has purchased the Minto South Florida portfolio of six multifamily properties in Delray Beach, Coconut Creek and Plantation for $300.31 million.
The Miami Lakes-based condo converter said its average $198,488 per-unit price was the result of a strenuous bidding process for Coconut Creek-based Minto Builders’ six communities, which range in age from 15 to 19 years old.
The 1,513-unit package includes:
• the 288-unit Spring Harbor and the 200-unit Spring Landing in Delray Beach
• the 168-unit Crown Pointe, the 372-unit Forest Point and the 192-unit Star Point – all at the Township in Coconut Creek
• the 293-unit Tuscany Place in Plantation
Marc deBaptiste and Avery Klann of Boca Raton-based Apartment Realty Advisorsrepresented Minto in the transaction. The Boca Raton ARA office said it has concluded $1.9 billion in multifamily sales so far this year.
Principals in Prestige Builders Partners are Jose Boschetti, Martin Caparros and Arthur Falcone

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Deals don’t stay secret in the real estate business for long. An 11-property, 2,982-unit apartment portfolio was brokered in mid-December by the Boca Raton office of Apartment Realty Advisors.
The sellers were Miami Lakes-based Prestige Builders Partners and Parkland-based Falcon Funding LLC. The buyer was Irving, Texas-based Archon Group, which also has a Boca Raton office.

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Sep 3, 2007, 12:00am EDT

“Other construction companies that appeared on last year’s list have experienced steady growth. Prestige Builders Partners, a real estate developer based in Miami Lakes, moved up one slot – from 20 to 19 – with 66.6 percent growth for 2005-06” .

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GULF COAST BUSINESS REVIEW

October 07, 2005

By Sean Roth

Real Estate Editor

Palmer Ranch is going condo. The upscale 5,200-acre community in Central Sarasota County went from five apartment compelexes to four to three to two. Two weeks ago, a major condo converter purchased one of the remaining apartment complexes, and all signs point to the fifth being purchased by another converter in the coming months.

At the center of this activity is Miami Lakes-based Prestige Builders Partners, which owns three of the five Palmer Ranch apartments. It is the largest converter of condominium units statewide.

On Aug. 12, the company set a record for the largest multifamily complex purchase closed in Florida when it acquired more than 1,500 units in Broward and Palm Beach counties for $315 million. The company is also attempting the largest individual property condo conversion in the state with the 969-unit, 17 building Las Vistas at Doral.

So far this year, Prestige Builders Partners, ranked as the 32nd largest private company by gross revenues in South Florida by the South Florida Business Journal, acquired more than 12,000 units in Florida. The company projects sales from its current inventory of properties will pass the $1 billion mark by the second quarter of 2006. On the Gulf Coast, Prestige Builders Partners owns almost 6,000 condominium/apartment units in 18 communities from Tampa to Naples (See Properties chart).

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The Miami Herald – February 2, 2003 – 5NW Neighbors NW

Prestige Builders Group has joined the city of Hialeah to enhance athletic programs for children ages 6-18. The one-year partnership, with a special emphasis on education, names Prestige the Official Youth Athletic Program Sponsor of Hialeah’s Recreation and Community Services Department. Highlights of the partnership include: * $16,000 from Prestige for additional and improved athletics awards, equipment and supplies * A Prestige Builders Group “MVP of the Week” award:..

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The Miami Herald – March 18, 2004 – 12NC Neighbors NC

A Hialeah native who grew up in the city’s parks and recreation program, became an employee and now, as a businessman, is a sponsor of its youth athletics program, has announced a new scholarship initiative. Marty Caparros Jr., chief executive officer of Prestige Builders Group, said he will start a college scholarship fund in which his company will join with the city of Hialeah by matching charitable contributions from the local business community dollar for dollar for a maximum of…

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Miami Herald – May 12, 2005 – 2DO

A popular Doral rental community is officially a thing of the past. Fairways at Doral, a complex of 969 apartments, was sold in March for $116 million to Miami Lakes developer Prestige Builders Group. The community, which is located west of Northwest 79th Avenue between Northwest 48th and 52nd streets, is being converted into condominiums. It has been renamed Las Vistas at Doral. The condo conversion project is the largest in Florida this year, according to McCabe Research &…

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Miami Herald – July 31, 2005 – 2WE Neighbors

In the latest home development project under construction in West Kendall, trucks filled with debris move in and out of the area. The 160-acre Kendall Commons property will soon give way to a “traditional neighborhood” that includes a town square, neighborhood parks, a church, school and lake in addition to single-family homes. The project is near Kendall Drive just east of Krome Avenue. “The TND or traditional neighborhood district promotes the interaction of people by creating…

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