News

Optimus Increases Portfolio with The Element

Optimus Increases Portfolio with The Element

The Element Brings Optimus Portfolio to 1107 Condos On May 23, 2013, the Fund’s wholly owned subsidiary, Optimus Element LLLP, completed the acquisition of 294 condos in The Element in Orlando, Florida for $27 million. The sale price equates to $91,837 per unit. The Fund purchased a 90% interest in The Element, in partnership with a related entity of TM…