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Behind the Deal: AZ Arranges $100M for Former Trump Tower

MIAMI—Ackman-Ziff Real Estate Group's Miami office arranged more than $100 million in debt for the acquisition and renovation of the former Trump International Hotel & Tower in Fort Lauderdale Beach. Get the backstory.

By Jennifer LeClaire | Updated on December 24, 2013

MIAMI—Ackman-Ziff Real Estate Group‘s Miami office arranged more than $100 million in debt for the acquisition and renovation of the former Trump International Hotel & Tower in Fort Lauderdale Beach. AZ represented the buyer, CFLB Partnership. AZ’s Robert Kaplan and Mark Rutherford led the transaction.

“Fortunately, previous ownership maintained the property in like-new condition, providing an opportunity for CFLB Partnership to add the finishing touches and enter the market right away, thus breathing new life into this beautiful asset that fell victim to the global recession,” says Kaplan, a principal of AZ.

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