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Royal Park Apartments Construction Aerial View

DEVELOPING OPPORTUNITIES - EVERY DAY

Banyan Cove Ribbon Cutting

Our affiliate, Banyan Development Group (“BDG”) is a developer of premier housing communities, providing comprehensive real estate development services primarily in the affordable housing space, which is the core of BDG's business model.  

 

Our Partners

AGPM and BDG have earned the trust of local government municipalities, state and institutional investment groups

Orange County Florida Logo
City of Ft Myers Florida Logo
Florida Housing Logo
Palm Beach County Logo
City of Orlando Logo
Volusia County Logo
Enterprise Logo
Osceola County Logo

Financing Solutions

Federal, state, and local affordable housing financing programs, including:

• Low Income Housing Tax Credits (LIHTC), 9% and 4%
• Tax-Exempt Bonds
• State Apartment Incentive Loan (SAIL) funds
• State Housing Initiative Partnerships (SHIP) funds
• HOME Investment Partnerships
• HOPE VI (Choice Neighborhoods) grant
• Federal Home Loan Bank (FHLB)

• Affordable Housing Program (AHP)
• National Housing Trust Funds (NHTF)
• New Market Tax Credits (NMTC)
• Rehabilitation Tax Credit (RTC)

Philosophy  & Approach

BDG is committed to building a product it can be proud of :

A product that is as attractive and durable as it is functional and efficient.  We believe in sustainable development to minimize our impact on the natural environment and create healthy surroundings for residents and employees.

BDG creates and delivers high-quality multifamily communities. Our team consists of experts in the real estate industry that are passionate about the projects they work on. We focus on creating unique and innovative developments that are not only cost-effective but also meet the highest standards of design, quality and sustainability.
 

CURRENT CONSTRUCTION PROJECTS UNDER WAY

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Fern Grove Apartments is a 100% senior, multifamily, affordable-housing development that will consist of several 4-story, energy-efficient, concrete block and plank apartment building with elevators across a 25-acre parcel of land in Orlando, FL.   Expected TCO 3Q 2024.

FERN GROVE

MULTIFAMILY AFFORDABLE HOUSING

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Banyan Hammocks is a 200 unit affordable residential development currently under construction with an estimated completion date of November 2023. Situated on 30 acres in the heart of Gainesville, FL.  

BANYAN HAMMOCKS

MULTIFAMILY AFFORDABLE HOUSING

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The proposed Rosewood Pointe multifamily, affordable housing development is a 192-unit, 3-story, energy-efficient, wood-construction, garden-style, walk-up apartment community located in Kissimmee, FL.  Expected TCO in 3Q 2024. 

ROSEWOOD

MULTIFAMILY AFFORDABLE HOUSING

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Brisas del Sur is a 200 unit affordable residential development currently under construction with an estimated completion date of November 2023. Situated on 30 acres in the heart of Ft. Myers, FL.  

BRISAS DEL SUR

Phase II

MULTIFAMILY AFFORDABLE HOUSING

Barnett Villas Rendering (1).jpg

Barnett Villas  is a 200 unit affordable residential development currently under construction with an estimated completion date of November 2023. Situated on 30 acres in the heart of Gainesville, FL.  

BARNETT VILLAS

MULTIFAMILY AFFORDABLE HOUSING

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The proposed Banyan East Town multifamily, affordable housing development is a 192-unit, 3-story, energy-efficient, wood-construction, garden-style, walk-up apartment community located in Kissimmee, FL.  Expected TCO in 3Q 2024. 

BANYAN EAST TOWN

MULTIFAMILY AFFORDABLE HOUSING

COMPLETED PROJECTS

Palos Verdes

2050 Bellalago Drive

Kissimmee, FL 34746

407-698-3241

Bedrooms:  1 - 3  |  Bathrooms:  1 - 2

Banyan Cove

250 W. international Speedway Blvd.

Deland, FL 32720

386-337-3540

Bedrooms:  1 - 3  |  Bathrooms:  1 - 2

Banyan Reserve

940 Serenity Hills Drive

Lakeland, FL 33805

863-337-2101

Bedrooms:  1 - 2  |  Bathrooms:  1 

Brisas Del Sur

3870 Calle De Jardin

Fort Meyers, FL 33905

239-899-1008

Bedrooms:  2-3  |  Bathrooms:  1-2 

Banyan Court

1716 3rd Avenue N.

Lake Worth Beach, FL 33460

561-631-9860

Bedrooms:  2-3  |  Bathrooms:  1-2 

Funding 

Since 2017, BDG has procured funding for over 13 different LIHTC (both 9% and SAIL 4%) and HOME developments.  BDG / AGPM continue to build a significant pipeline of future new construction developments on existing land owned by AGPM and/or through new land acquisitions.

Strategy

BDG / AGPM's strategy is centered on developing premium-quality affordable housing products throughout Florida and maintaining a long-term hold on the asset.  The strategy aims to capitalize on the strong fundamentals that exist within the state of Florida and seeks to provide outsized returns and yields otherwise not available in other markets.

Homes Built

Over 2,000 residential home constructed since 2017.

Currently in various stages of design and construction on 6 new construction developments throughout Florida.

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