La Rosa Property Management Announces Intent to Acquire Celebration Corporate Center LLC Along with its Commercial Real Estate
La Rosa Holdings Corp. (NASDAQ: LRHC) has announced its intent to acquire Celebration Corporate Center through its subsidiary, La Rosa Property Management (LRPM). This acquisition will mark LRPM's expansion into the commercial real estate sector, diversifying its portfolio beyond residential property management. Celebration Corporate Center, established in 2008, offers 32 full-time offices and 248 virtual offices in Celebration, Florida.
CEO Joe La Rosa emphasized that this move aligns with the company's strategic growth plan and commitment to comprehensive real estate solutions. LRPM has seen a 17% year-to-date increase in properties under management and anticipates an annual growth rate of at least 30%. La Rosa Holdings reaffirms its target to generate $100 million in annualized revenue by the end of 2024 and expects to achieve profitability in 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC) ha annunciato la sua intenzione di acquisire Celebration Corporate Center attraverso la sua sussidiaria, La Rosa Property Management (LRPM). Questa acquisizione segnerà l'espansione di LRPM nel settore immobiliare commerciale, diversificando il suo portafoglio oltre la gestione di proprietà residenziali. Celebration Corporate Center, fondato nel 2008, offre 32 uffici a tempo pieno e 248 uffici virtuali a Celebration, Florida.
Il CEO Joe La Rosa ha sottolineato che questa mossa è in linea con il piano strategico di crescita dell'azienda e il suo impegno verso soluzioni immobiliari complete. LRPM ha registrato un incremento del 17% dall'inizio dell'anno nelle proprietà gestite e prevede un tasso di crescita annuale di almeno il 30%. La Rosa Holdings ribadisce il suo obiettivo di generare 100 milioni di dollari in entrate annualizzate entro la fine del 2024 e si aspetta di raggiungere la redditività nel 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC) ha anunciado su intención de adquirir Celebration Corporate Center a través de su subsidiaria, La Rosa Property Management (LRPM). Esta adquisición marcará la expansión de LRPM en el sector inmobiliario comercial, diversificando su cartera más allá de la gestión de propiedades residenciales. Celebration Corporate Center, establecido en 2008, ofrece 32 oficinas a tiempo completo y 248 oficinas virtuales en Celebration, Florida.
El CEO Joe La Rosa enfatizó que este movimiento se alinea con el plan estratégico de crecimiento de la empresa y su compromiso con soluciones inmobiliarias integrales. LRPM ha visto un incremento del 17% hasta la fecha en las propiedades bajo gestión y anticipa una tasa de crecimiento anual de al menos el 30%. La Rosa Holdings reafirma su objetivo de generar 100 millones de dólares en ingresos anualizados para finales de 2024 y espera alcanzar la rentabilidad en 2025.
라 로사 홀딩스 코퍼레이션(NASDAQ: LRHC)은 자회사인 라 로사 프라퍼티 매니지먼트(LRPM)를 통해 셰레브레이션 코퍼레이트 센터를 인수할 계획을 발표했습니다. 이번 인수는 LRPM이 상업용 부동산 부문으로 확장하는 것을 의미하며, 주거용 부동산 관리 외에도 포트폴리오를 다양화하게 됩니다. 2008년에 설립된 Celebration Corporate Center는 플로리다주 Celebration에서 32개의 상근 사무실과 248개의 가상 사무실을 제공합니다.
CEO 조 라 로사는 이 움직임이 회사의 전략적 성장 계획 및 포괄적인 부동산 솔루션에 대한 약속과 일치한다고 강조했습니다. LRPM은 관리하는 부동산에서 올해 17% 증가를 기록했으며, 연간 최소 30%의 성장률을 예상하고 있습니다. 라 로사 홀딩스는 2024년 말까지 1억 달러의 연환산 수익을 목표로 하고 있으며, 2025년에는 수익성을 달성할 것으로 기대하고 있습니다.
La Rosa Holdings Corp. (NASDAQ: LRHC) a annoncé son intention d'acquérir Celebration Corporate Center par le biais de sa filiale, La Rosa Property Management (LRPM). Cette acquisition marquera l'expansion de LRPM dans le secteur immobilier commercial, diversifiant son portefeuille au-delà de la gestion des biens résidentiels. Celebration Corporate Center, établi en 2008, propose 32 bureaux permanents et 248 bureaux virtuels à Celebration, en Floride.
Le PDG Joe La Rosa a souligné que ce mouvement s'inscrit dans le cadre du plan stratégique de croissance de l'entreprise et de son engagement envers des solutions immobilières complètes. LRPM a enregistré une augmentation de 17% depuis le début de l'année dans les propriétés sous gestion et prévoit un taux de croissance annuel d'au moins 30%. La Rosa Holdings réaffirme son objectif de générer 100 millions de dollars de revenus annualisés d'ici la fin de 2024 et s'attend à atteindre la rentabilité en 2025.
La Rosa Holdings Corp. (NASDAQ: LRHC) hat die Absicht angekündigt, Celebration Corporate Center über ihre Tochtergesellschaft La Rosa Property Management (LRPM) zu erwerben. Dieser Erwerb wird die Expansion von LRPM in den kommerziellen Immobiliensektor markieren und das Portfolio über die Verwaltung von Wohnimmobilien hinaus diversifizieren. Celebration Corporate Center, das 2008 gegründet wurde, bietet 32 Vollzeitbüros und 248 virtuelle Büros in Celebration, Florida.
CEO Joe La Rosa betonte, dass dieser Schritt mit dem strategischen Wachstumsplan des Unternehmens und dem Engagement für umfassende Immobilienlösungen übereinstimmt. LRPM hat bisher einen 17% Anstieg im Jahr bei verwalteten Immobilien verzeichnet und erwartet eine jährliche Wachstumsrate von mindestens 30%. La Rosa Holdings bestätigt sein Ziel, bis Ende 2024 100 Millionen Dollar an jährlich wiederkehrenden Einnahmen zu generieren und erwartet, 2025 profitabel zu sein.
- Expansion into commercial real estate sector, diversifying portfolio
- 17% year-to-date increase in properties under management
- Anticipated 30% annual growth rate in properties under management
- Target of $100 million annualized revenue by end of 2024
- Expected profitability in 2025
- Acquisition subject to definitive agreement, not yet finalized
- Potential integration challenges in new commercial real estate sector
La Rosa Holdings Corp.'s planned acquisition of Celebration Corporate Center LLC marks a significant shift for the company. Through this acquisition, La Rosa is transitioning from a predominantly residential property management firm to one that also holds commercial real estate. This diversification could enhance revenue streams and reduce dependency on a single market segment. From a financial perspective, the anticipated 30% growth in properties under LRPM management, coupled with entering the commercial real estate sector, suggests robust revenue growth potential. Achieving an annualized revenue run rate of
The strategic acquisition of Celebration Corporate Center LLC by La Rosa Holdings is a strong indicator of the company's growth ambitions. By expanding into the commercial real estate sector, they are tapping into a less saturated market with potentially higher returns. The executive office space, especially virtual offices, is growing due to the rise in remote work and flexible office solutions. La Rosa's expertise in property management will be important in running these commercial properties efficiently. For retail investors, this move could indicate long-term growth prospects and market expansion, making La Rosa a more diversified and resilient player in the real estate market.
This acquisition aligns with broader real estate market trends where diversification into commercial spaces is becoming increasingly common. Celebration Corporate Center LLC offers both physical and virtual office solutions, catering to the modern workforce's needs. This move could be a game-changer for La Rosa, as managing commercial properties usually yields higher margins than residential properties. The projected 30% annual growth in properties under management is notable and aligns with industry norms for a company expanding its portfolio aggressively. However, investors should remain cautious until the deal closes, given that it is contingent on a definitive agreement.
Reaffirms target to generate
Celebration, FL, July 24, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced that it has entered into a non-binding Letter of Intent to acquire Celebration Corporate Center LLC. The Company expects to acquire this entity through its wholly-owned subsidiary, La Rosa Property Management LLC (“LRPM”). As a result of the acquisition, LRPM will become a direct owner of Celebration Corporate Center LLC and its commercial real estate located in Celebration, Florida. LRPM specializes in property management services for owners of single-family residential properties and manages a diverse portfolio of properties across Florida. The Company anticipates finalizing the transaction in the third quarter of 2024.
According to their management, since its grand opening in 2008, Celebration Corporate Center has been Celebration's only full-time executive center offering both full-time offices and virtual office solutions. Celebration Corporate Center specializes in virtual offices, executive suites, reception services, and meeting room rentals. It has 32 full-time offices and 248 virtual offices.
Joe La Rosa, CEO of the Company, commented, "This planned acquisition aligns perfectly with our strategic growth plan and reinforces our commitment to providing comprehensive real estate solutions. Through this acquisition, we intend to expand LRPM into the commercial real estate sector. This strategic move aligns with our growth objectives and allows us to diversify our portfolio, tapping into new market opportunities. By entering the commercial real estate space, we aim to leverage our expertise in property management to deliver exceptional value and service to a broader range of clients. LRPM properties under management increased by
The closing of the acquisition is subject to, and contingent upon, the parties entering into a definitive agreement. There can be no assurances that the acquisition will be consummated.
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with
La Rosa's business model is structured around internal services for agents and external services for the public, including residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management. The Company has 22 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, and Georgia. The Company also has 15 La Rosa Realty franchised real estate brokerage offices and branches and two affiliated real estate brokerage offices in the United States and Puerto Rico.
For more information, please visit: https://www.larosaholdings.com.
Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company’s services and the Company’s customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the recent National Association of Realtors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and documents that we file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.
For more information, contact: info@larosaholdings.com
Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
Email: LRHC@crescendo-ir.com
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