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Case Study

Floranada Professional Building

A complete cycle: acquired, repositioned in-house, stabilized, and sold — the Geneva model end to end.

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Asset Class
Office
Market
Fort Lauderdale, FL
Acquired
2016
Sold
2019
Purchase Price
$1,876,000
Sale Price
$4,715,000
Net LP IRR
18.1%
Outcome
2.5x gross multiple

An overlooked building, transformed in-house.

Acquired in 2016 as a dated professional building, Floranada was fully repositioned by Geneva’s in-house construction team, from facade and lobby to corridors and systems, then stabilized and sold in 2019. The same team that underwrote the deal executed it.

Floranada exterior before renovation, dated beige facade
Before
Floranada exterior after in-house renovation, modernized facade
After
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Floranada lobby before
Before
Floranada lobby after
After
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Floranada corridor before
Before
Floranada corridor after
After
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Acquired 10/2016 for $1,876,000; sold 9/2019 for $4,715,000 · 18.1% net LP IRR. Figures per Geneva Performance Overview, September 2026. Net LP IRR is deal-level and net to limited partners.

Past performance is not indicative of future results. This is neither an offer to sell nor a solicitation of any offer to buy any securities. Unless otherwise indicated herein, all information is current as of the date specified. Investing in the Fund contains risks, including the risk of loss of your entire investment. The Fund may not be suitable for all investors, and an investor should contact pertinent tax, legal, and financial advisors prior to investing in the Fund. Geneva Income Opportunity Fund I LP does not own the properties presented on this website.