Northshore Development offers a depth of executive level leadership with marketing, development and acquisition/ rehabilitation experience, a strong value orientation in selection of investment opportunities, rigorous standards for project team selection, detailed attention to development and acquisition execution and an ongoing commitment to high quality building and resident satisfaction.
Northshore focuses on Quality Developments over quantity of developments. Our projects will always be Best in Class as we seek to build the perfect deal.
The primary method by which capital is to be deployed and the investment objective achieved is by participating in the opportunistic development of residential and mixed-use properties with Northshore Development as the primary development and management company. Our depth of expertise in developing high end luxury residential, resorts and mixed use real estate is a key advantage for our team.
Our development program produces high quality assets and once completed, the resulting property is placed into a managed Core Asset rental pool or sold on an opportunistic basis.
Northshore Development seeks to generate significant return on investment by identifying critical deficiencies within a property and employing a strategy and visión for correcting them to unlock an asset’s true value. By employing innovative and fresh concepts to blighted áreas and investing strategic capital, Northshore has been able to Re-Brand, Re-Position, and Revitalize mixed use commercial and apartment complexes for the benefit of our investors, tenants and neighbors.
Our development program produces high quality assets and once completed, the resulting property is placed into a managed Core Asset rental pool or sold on an opportunistic basis.
The primary objective for our investment in real estate is above average total return, with a relatively moderate investment risk. The Real Estate Investment Portfolio will also have the secondary objective to preserve capital and provide a stable cash flow. The design of the Real Estate Investment Policies are intended to ensure that investors, managers, consultants, and other participants take prudent and careful action while managing the Portfolio.
The purchase, management, and sale of all types of real estate investments is performed by professionals who are monitored and evaluated by internal investment officers, an external real estate consultant, and/or independent fiduciaries.
Mr. Frocione has a track record of more than eight years of diverse experience in institutional real estate investment management and development and has successfully completed more than $2 billion in transactions across sectors and risk / return profiles during his career. He is responsible for sourcing, underwriting, negotiating, due diligence, and closing of commercial investments and developments across the firm. He is a graduate of Stetson University with degrees in finance and applied statistics.
He provides a broad range of financial and management coordination through the entire development cycle. Prior to joining NSD, Blake worked as an analyst in the Property Finance division of Doral Bank. He was responsible for analyzing potential debt investments across multiple asset classes for a national real estate platform. His primary responsibilities included cash flow analysis, debt memorandum creation and market research. He is a graduate of the University of Florida with a background in Finance and Economics, as well as a graduate of Crummer School of Business at Rollins College where he obtained his Masters in Business Administration.
Franz S. Hanning served as President and Chief Executive Officer. Wyndham Vacation Ownership since their separation from Cendant in July 2006. Mr. Hanning was responsible for the world’s largest developer and marketer of flexible, points-based vacation ownership products. The company’s five primary consumer brands – CLUB WYNDHAM©, WorldMark© by Wyndham, Wyndham Vocation Resorts Asia Pacific. Shell Vacations Club and Margaritaville Vacation Club@ -together comprise more than 200 resort properties, representing approximately 24,000 vacation ownership units and serving more than 900,000 owner families worldwide. After retiring from Wyndham Vocation Ownership in December; 2016, Hanning formed Northshore Development to manage his property holdings in Palm Bar, Florida. He owns Palm City Investments FH, LLC which owns the 24 acres property in Palm Bay. Specialists in Commercial Real Estate Development, Investment, and Branding.
