Elad National Properties LLC

Background

Established in March 2004, Elad National Properties LLC is a subsidiary of the Elad Group, a prominent real estate development company with a significant international presence. Headquartered in Boca Raton, Florida, Elad National Properties focuses on the acquisition, development, and management of residential and commercial properties across the United States, particularly in the Southeastern region. The company's mission is to create sought-after residential communities that expertly blend attractive design, quality construction, and desired amenities amidst lush landscaping, fostering a warm, welcoming "sense of home."

Key Strategic Focus

Elad National Properties specializes in developing architecturally significant residential and commercial properties. The company's strategic focus includes:

Mixed-Use Developments: Integrating residential units with retail and dining spaces to create vibrant communities.

Luxury Residential Projects: Developing high-end condominiums and rental apartments with premium amenities.

Sustainable Development: Incorporating environmentally friendly practices and technologies into their projects.

The primary markets targeted by Elad National Properties are urban and suburban areas in Florida, with a particular emphasis on South Florida's rapidly growing regions.

Financials and Funding

As a privately held subsidiary of the Elad Group, Elad National Properties benefits from the financial backing and resources of its parent company. The Elad Group has several billion dollars in assets and is recognized for its significant investments in real estate development. Specific financial details and funding rounds for Elad National Properties are not publicly disclosed.

Pipeline Development

Elad National Properties has several notable projects in various stages of development:

The District in Davie: A $1 billion, 2.8 million-square-foot mixed-use development in Davie, Florida. The project includes five multifamily towers with approximately 1,256 residential units, 36,000 square feet of retail and dining space, and extensive amenities. Construction began in mid-2023, with the first phase expected to be completed in 2025.

ALINA Residences Boca Raton: A luxury condominium community in downtown Boca Raton. Phase one (ALINA 200) was completed in March 2021 and is sold out. Phase two, comprising ALINA 210 and ALINA 220, is under construction, with completion anticipated in late 2024. As of May 2024, phase two is nearly 80% sold.

Technological Platform and Innovation

Elad National Properties distinguishes itself through:

Architectural Excellence: Collaborating with renowned architects and design professionals to create architecturally significant buildings.

Sustainable Practices: Implementing green building technologies, such as LED lighting, energy-efficient appliances, and electric vehicle charging stations.

Smart Home Integration: Incorporating smart home features like keyless entry, high-speed internet, and smart thermostats in residential units.

Leadership Team

As of October 2024, Noam Ziv, who served as CEO of Elad National Properties, departed the company to join the developer of the Glass House condominium project in Boca Raton. Details regarding his successor or other key executives have not been publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The South Florida real estate market is experiencing significant growth, driven by increasing demand for luxury residential properties and mixed-use developments. Urban areas like Boca Raton and Davie are particularly attractive due to their proximity to major cities, entertainment venues, and employment hubs.

Competitor Analysis

Elad National Properties faces competition from several prominent developers in the region:

Related Group: A leading real estate development firm known for luxury condominiums and mixed-use projects throughout South Florida.

Kolter Group: Specializes in residential and commercial developments, including high-rise condominiums and master-planned communities.

Gulfstream Capital Partners: Focuses on developing and managing high-end residential properties in the South Florida market.

These competitors emphasize luxury amenities, prime locations, and innovative designs, contributing to a dynamic and competitive market landscape.

Strategic Collaborations and Partnerships

Elad National Properties has engaged in strategic partnerships to enhance its projects:

Architectural Collaboration: Partnered with Cooper Carry, an Atlanta-based architecture firm, for the design of The District in Davie.

Landscape Architecture: Collaborated with EDSA, a Fort Lauderdale-based landscape architecture firm, to create inviting outdoor spaces for their developments.

Community Engagement: Formed a partnership with Habitat for Humanity of South Palm Beach County to donate reusable materials from redevelopment projects, supporting affordable housing initiatives and promoting environmental sustainability.

Operational Insights

Elad National Properties' strategic considerations include:

Market Positioning: Focusing on high-end residential and mixed-use developments to cater to the growing demand for luxury living in South Florida.

Competitive Advantages: Leveraging the financial strength and reputation of the Elad Group, along with a commitment to architectural excellence and sustainable development practices.