Ritz-Carlton Residences Palm Beach Gardens Acquired by Catalfumo Companies | Real Estate Services M&A Deal

Catalfumo Companies has completed the acquisition of Ritz-Carlton Residences Palm Beach Gardens, a real estate development business in Florida, for $401 million. The Catalfumo Companies acquisitions expand its real estate services footprint in Palm Beach Gardens, supporting luxury condominium development and sales execution for the Ritz-Carlton branded project. The under-construction 106-unit complex at 2200 PGA Boulevard includes three seven-story buildings and a 29-slip marina, with unit pricing ranging from $4 million to $10 million. Catalfumo Companies, backed by private equity acquisition strategy, secured a $401 million floating-rate loan from Northwind Group, arranged by Berkadia, to fund construction and drive the planned summer completion.