i4 Business – Orlando’s Leadership Connection
April 6, 2022
Aventura, FL and Hallandale Beach, FL
Meyers Group, a privately owned multifamily and mixed-use real estate firm focused on development of dynamic communities, and Accesso, a fully integrated investment manager and operator of multi-tenant office and multifamily assets, announced today the formation of a new company to be known as Meyers Group Partners (“MGP”). MGP has current plans to develop more than 5,000 market-rate housing units in key growth markets throughout Florida and approximately 1.5 million square feet of retail and office space.
MGP further expands both Meyers Group and Accesso’s burgeoning multifamily divisions, which include several properties under development in Florida, Texas and the Carolinas. MGP is on track to commence construction on several more Florida properties this year and anticipates these apartments will begin to be occupied by the middle of 2023. The markets that MGP is targeting in the Sunshine State include those in southeast, southwest and central Florida that exhibit strong growth and employment fundamentals.
“We are excited to continue growing our multifamily division and partner with Meyers Group, one of the most respected residential and mixed-use developers in Florida,” said Ariel Bentata, Founding and Managing Partner, Investments for Accesso. “As people continue to move to Florida in record numbers, there is simply not enough supply of high-quality, market-rate housing to meet the extremely high demand, and we will attempt to fill that void. We look forward to working with Stuart Meyers, Robert Shapiro and the rest of Meyers Group’s highly experienced team to deliver product that is well-built, highly functional and truly unique.”
Founded in 2014 by distinguished real estate developer Stuart I. Meyers, the Meyers Group has developed and delivered over 1,500 multifamily units throughout Florida and West Texas. These residential units include Avery Dania Pointe, a luxury apartment community featuring 264 residences in an architecturally stunning, eight-story building in the heart of Dania Beach. Dania Pointe is one of the region’s largest open-air lifestyle destination centers. Shapiro, Vice Chairman of Meyers Group, was one of the original partners which envisioned Dania Pointe as a “Live, Work, Play and Stay” destination. In addition to Meyers and Shapiro, its executive team consists of experienced professionals, each with 30-plus year track records of developing and managing apartment communities, condominiums and hotels. Stuart Meyers has developed over 20,000 apartments in more than 70 separate projects over his long career.
Stuart Meyers commented, “We are thrilled about forming MGP with Accesso. Accesso has been very easy to deal with and has great expertise in structuring real estate transactions and securing equity and debt. They move very quickly in underwriting, due diligence and negotiations, and add value with their large professional team in finance, underwriting, marketing and investor relations.”
Shapiro stated, “In a short period of time, we have integrated our teams in a very efficient manner, and jointly with Accesso field inquiries each week for additional development opportunities. We plan to continue being highly selective in undertaking new development opportunities.”
Alan Losada, President and COO of Meyers Group, commented, “The combination of these two major real estate groups brings together the full spectrum of experienced professionals needed to plan, finance, build and manage multiple projects simultaneously. The timing, in this current expanding economy, to create this team could not be better.”
“We could not have found a better and more experienced team to partner with than Meyers Group,” said John Rivard, CIO for Accesso. “We believe MGP will be of great benefit for our investors in our Fund 8 and Multifamily Sunbelt funds, in addition to our institutional co-investors. The economics of multifamily development are quite favorable at this time. We look forward to providing our investors with strong returns.”
Alan Garzon, Director, Investor Relations for Accesso and head of the company’s Multifamily Division, stated, “It’s an honor to partner with Meyers Group and combine our institutional knowledge and resources. MGP has allowed us to develop new relationships and co-investment opportunities for our Fund 8 and further support our existing group of individual and institutional investors. We have also received many new inquiries from ultra-high net worth individuals, family offices, and institutional investors, which we are pursuing.”
About Meyers Group
Founded by respected real estate developer Stuart I. Meyers, the Meyers Group team consists of experienced professionals, each with a proven track record of success developing and managing both market rate and LIHTC rental apartment communities, condominiums, hotels, retail, and mixed-use projects. The firm’s broad-based real estate services include expert development/redevelopment, and creative and innovative projects in an array of markets and property management solutions uniquely tailored to each property. Headquartered in Aventura, Florida, with a regional office in El Paso, Texas, the Meyers Group has an expanding portfolio of diverse projects throughout Florida and West Texas.
Accesso is a full-service, vertically integrated commercial real estate investment manager, owner and operator that aims to provide superior returns to its U.S. and international individual and institutional investors. Accesso’s focus is on acquiring mixed use office, multifamily and retail properties in both gateway and non-gateway metropolitan statistical areas. Accesso’s portfolio includes 36 office properties covering 14.8 million square feet. The company also has two ground-up multifamily properties under development. In addition, Accesso is becoming a JV partner in Avery Dania Pointe East, a 336-unit second phase residential development at Dania Pointe in Fort Lauderdale, Florida. Its affiliate, Accesso Services LLC, provides proactive, cost-efficient property management services with an owner’s mindset. Accesso Partners LLC is headquartered in Hallandale Beach, Florida, and has offices in Atlanta, Charlotte, Chicago, Dallas, Houston and Minneapolis.