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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.”

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.