Construction executives announce real estate investment management firm

South Florida’s newest real estate investment management firm’s first investment shows its commitment to revitalizing Palm Beach County.

Targa 1 LLC, formed by a group of private South Florida businessmen, announced its investment with Affiliated Development for workforce housing residential projects in Palm Beach County.

An initial project is The Bohemian is Lake Worth Beach. It will have 200 units over seven stories, retail space, co-work space, a rooftop deck, a parking garage and amenities including a fitness center and a swimming pool.

“There is a pent-up demand for mixed-income housing, and Affiliated is meeting that need with dynamic projects that help revitalize metro areas offering Class-A living at affordable prices,” said David Greer (pictured right), principal of Targa 1 LLC with Chad Moss (pictured left). Greer is vice president and chief investment officer at Moss Construction while Moss is executive vice president.

Added Affiliated CEO Jeff Burns, “We are incredibly humbled to have Targa participate in the Affiliated Housing Impact Fund, LP. We have tremendous respect for the Moss family and their organization. They have played an important role in the growth of South Florida, so it’s very fitting that they continue to make an impact on the industry by investing in workforce housing.”

The firm, which is restricted to accredited investors, has raised $7 million of its $40 million goal. It’s a promising start for Targa 1, which has plans to extend its reach beyond Florida.

“Targa 1 LLC plans to invest primarily in residential developments, particularly in workforce housing in Florida, Texas and Hawaii,” Moss said. “Targa was started to help support developers/owners in equity raising efforts for their projects.”

You May Also Like

Joe DiMaggio Children’s Hospital Receives $500,000 Donation for Animal-Assisted Therapy

Animal-assisted therapy has been shown to improve mood, reduce stress and anxiety, and provide comfort and companionship to patients, including children.

Upcoming Delray Beach Concours D’Elegance Benefits Local Charities

The event will feature over 100 vehicles of historical significance, all for the community’s enjoyment at no cost.

Transformative Healthcare Solutions and Florida Mental Health Coalition Host Inaugural “Back2Basics” Festival 

The event will help honor Mental Health Awareness Month in May.

Tom Aviv, Masterchef Israel Champion, Brings His American Venture to Miami

The Israeli sensation’s restaurant offers an innovative menu and retro vibe that transports guests to Tel Aviv in the 70s.

Other Posts

Ghee Indian Kitchen Receives Michelin Bib Gourmand Award

The hospitality company was founded by Chef Niven Patel and Mohamed “Mo” Alkassar.

Gilda’s Club South Florida Hosts “SNL” Themed Fundraiser Benefiting Cancer Patients and Their Families

The organization provides free social and emotional support services to anyone affected by cancer. 

Miami to Orlando Tickets Now Available for Purchase From Brightline

Fares start at $79 for adults and $39 for kids.

Brightline Orlando
Local Luminaries Gathered To Spread the Word About an Upcoming Reimagined Design Museum

At a modernist palace on Hibiscus Island owned by Paul Vogele, Dayssi Olarte de Kanavos—one of the developers of the Ritz-Carlton, South Beach—talked up the plan for Miami Beach’s Art Deco Museum.