Luxury Waterfront Condo Project Reaches 70% Sell-out Mark
Limited Numbers of Residences Remain in Tower I Starting at $147,000

Oasis Associates LLC, owner of Oasis Condominium, the waterfront, luxury high-rise condominium community located near the heart of the downtown Fort Myers River District, announced today that it has sold the remaining 224 developer units in Tower II for $36.7 million to Lofton Island Holdings LLLP from Canada.  The bulk sale comes in addition to the 72 units sold during the last four months since the sales program was launched in the Fall of 2010.  Lofton Island is planning to maintain the leasing program Oasis Associates had started for Tower II while the residences and building continue to build value and the market fully recovers.

“Reaching this record number of sales in this short period of time is a significant milestone for the Oasis buyers and residents, as well as the project’s owner; it reaffirms the fact that Oasis is a best-in-class product offering the best value in the marketplace” explains Jorge M. Perez, president and CEO of the Related Group, the original developer of the property and the asset manager for the current owners, Oasis Associates LLC.  “We congratulate Lofton Island Holdings LLLP, the new owner of the remaining developer inventory in Tower II, on their investment.  There is only a small window of opportunity remaining in Tower I for the educated buyer who wants to purchase such a unique and distinct product with great value. With brand new waterfront units priced from just $147,000 and below-market financing programs now available, there is no better deal in the market.”

Jim Spatz, partner at Lofton Island noted that “Oasis is a high quality property and fits well with our Florida acquisition strategy. It is a great addition to our existing properties, The Place at Channelside in Tampa, The Sage in St Pete’s and Downtown Dadeland in Miami.”

Oasis features graciously proportioned, elegantly appointed residences oriented toward floor-to-ceiling windows that frame expansive horizon and water views from every residence. Behind its curvaceous facade, Oasis offers true resort-style living that includes a 1.5-acre terrace with whirlpools and expansive zero-entry swimming pools complete with fountain features, professionally maintained tennis courts, fitness centers, luxurious spa facilities and a variety of social spaces ideally suited for leisure or entertaining. Oasis also features an on-site marina and Beach Concierge service on nearby Fort Myers Beach.

Model Designer Residences are open to the public daily at Oasis on-site sales center at 3000 Oasis Grand Boulevard, Fort Myers. Call 239.245.9900, or visit online at http://oasiscondos.com for more information. Sales and marketing is provided by Related McWilliams Ballard Realty.  Cooperating brokers are welcome.

About The Owner
Oasis Associates, LLC is a wholly owned subsidiary of Oasis Mezz Associates, LLC, a venture between Lubert-Adler Ft. Myers, LLC, a subsidiary of funds managed by Lubert-Adler Partners, L.P., a Philadelphia-based private-equity firm and Related Companies, a highly-diversified global real estate firm headquartered in New York City.