Ritz South Beach
Ritz South Beach, Mezzanine Financing
The Ritz Carlton Hotel is located at the intersections of Colins and Lincoln roads in the heart of Miami’s South Beach.
ADG participated in a restructuring of the project by purchasing debt in a senior position to the second mortgage and received a corresponding preferred equity return.
2,800 hectare wildlife reserve with Luxury Villas.
ADG and its affiliates purchased 2,800 hectares of pristine land in the premier high-end vacation resort area for the Johannesburg and Pretoria markets. Situated in a stunning region of South Africa, the site contains rolling hills, valleys, grassland plains, rivers, and streams.
The development, Waterburg, consists of the construction and sale of 100 luxury home sites, next to the first ever Ernie Els and Jack Nicklaus designed golf course. The golf course meanders through the valleys crossing two main rivers and numerous streams that flow through the property, with the homes situated on the slopes. Waterburg boasts a spectacular game preserve with many species of game, including four of the Big Five. The unique site providing residents with access to a world class golf resort and one of the finest game preserves in the world.
ADG is a co-sponsor and participant in the development of Waterburg.
Imax Theater, Distressed Debt Acquisition
The Yellowstone IMAX Theater is located at the entrance of Yellowstone National Park in Wyoming.
ADG purchased distressed debt secured by a first position mortgage at 20% of replacement cost of the building. The loan was subsequently disposed of in less than 6 months for twice the acquisition price.