22 Apr 2024
Davis Family Office, Ltd. secures $1.9 million in financing to fuel portfolio expansion, enabling acquisition of additional properties and undertaking of new developments.
Nassau, The Bahamas (22 April 2024) Davis Family Office, Ltd. (‘DFO’ or ‘the Company’), a leading, local real estate development and property management company, is pleased to announce it has secured $1.9 million in financing during a recent capital raise. The funding will be used to expand DFO’s current portfolio, allowing it to acquire additional properties and undertake new developments.
The financing was sourced from a consortium of traditional and non-traditional lenders and investors whose backing represents a vote of confidence in the Company, its strategy, and performance. Thavon T. Davis, DFO’s President and CEO, said, “This funding is a testament to the strength of our business and the confidence investors have in our team and our ability to execute.”
Davis Family Office is a family-owned, privately-held company managing a multi-million dollar real estate asset portfolio consisting of 33 residential units, 26 commercial units and a 17-unit coworking space operating under the aeroSPACE Coworking banner. Its notable holdings include the South Beach Mansion and the Ivory Plazas at Joe Farrington and Robinson Roads. The Company is actively growing its portfolio of assets with an immediate focus on commercial developments, having recently completed the Ivory Plaza at Yamacraw Hill Road and recently announced the Ivory Plaza at Carmichael Road West, its latest development project, which is currently ongoing.
“We have a strong pipeline of projects in the works,” Davis continued. “This milestone fundraise, the first for our company, will propel these projects forward, allowing us to accelerate our growth, elevate our offerings and further solidify our position as a market leader.”
The Company also views this achievement as a win for young Bahamian professionals. Davis, who assumed operational command of the Company in 2020 at just 27 years old, said, “DFO has been a youth-led company from its inception. While that has presented its challenges, I hope this fundraise shows young people that they can find champions who will support them as they build and lead businesses of consequence locally.”
For more information about the Company, its developments and listings, visit www.davisfamilyoffice.ltd.