Romanian developer joins Fortune on Ora by Casa Tua condo-hotel, injecting $43M as JV partner
Edgardo Defortuna’s Ora by Casa Tua condo-hotel tower is moving forward, thanks to a $43 million infusion from his new joint venture partner, Romanian development firm One United Properties. One United, one of Romania’s largest developers, joined the development team for the 77-story, 533-unit project planned for 1210 Brickell Avenue. The investment from Bucharest-based One United, led by co-founders and co-CEOs Victor Căpitanu and Andrei Diaconescu, will be provided in two tranches, Defortuna said. “We always knew it was going to [require] significant additional equity, so we were looking for a JV partner or investors,” Defortuna said. One United Properties […]This article originally appeared on The Real Deal. Click here to read the full story.
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