Wolfson Development Acquires 70-Acre Development Site In Ft Myers, SW Florida For $30M With Buyer's Rep LSI Companies

Wolfson Development, in partnership with Plain Sight Properties ResiFund, has purchased nearly 70 acres of development land in Ft Myers, Florida for $30 million. This marks the first large-scale build-for-rent (BFR) project in the state for Wolfson Development, a company led by Adam Wolfson and John Mulkey. The planned mixed-use project will include BFR townhomes, apartments, and commercial uses.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Buyer: Wolfson Development - Adam Wolfson & John Mulkey, Plain Sight Properties ResiFund
• Broker: Justin Thibaut - LSI Companies
• Market: SW Florida Fort Myers

The collaboration between Wolfson Development and Plain Sight Properties ResiFund represents a significant milestone in the BFR sector in Florida. With the purchase of the development land, these partners aim to create a comprehensive mixed-use project that meets the demand for BFR housing in the area. The involvement of broker Justin Thibaut from LSI Companies ensured a successful transaction.