Deauville Beach Resort (Deauville Associates) Acquired by TMG 67 Communities | Real Estate Services M&A Deal

TMG 67 Communities has completed the acquisition of Deauville Beach Resort (Deauville Associates), a real estate development business in Florida, for $100 million. Deauville Associates controls the 3.8-acre oceanfront Deauville Beach Resort at 6701 Collins Avenue in Miami Beach and is tied to redevelopment planning for a luxury condo project. TMG 67 Communities acquisitions in real estate services M&A target strategic FL acquisitions of distressed historic resort assets to advance real estate development acquisition goals. The announced other acquisition is described in litigation as a $500 million valuation dispute tied to a 2024 real estate services deals FL stake purchase, with claims involving fraud, fiduciary duty, rescission, deed cancellation, and civil conspiracy.