FMSbonds, Inc. raised $79,750,000 of Special Assessment Bonds for the Avenir Community Development District in Palm Beach Gardens, Florida, as cited by The Real Deal.
The funds will be used to construct roads, sewers, sidewalks and other public works for the 4,752-acre community.
At buildout, Avenir is planned to contain approximately 3,900 residential units and 1,800,000 square feet of commercial.
Homebuilders at Avenir include DiVosta, Toll Brothers, Kenco Communities, K Hovnanian, Akel Homes and Centaur.
FMSbonds, Inc. of North Miami Beach, Florida, was the sole underwriter on the transaction. Greenberg Traurig served as bond counsel, Squire Patton Boggs served as underwriter’s counsel and Billing Cochran served as issuers counsel.
FMSbonds raised in excess of $1.6 billion of bonds in calendar year 2022 for special districts throughout the United States.
For more information, call Jon Kessler, Executive Director, Investment Banking, at 305-692-4124 or email firstname.lastname@example.org.