ORLANDO, Fla., Oct. 6, 2004 (PRIMEZONE) -- Fortune Real Estate Development Corporation (Pink Sheets:FRDJ) is currently in negotiations to acquire a multi-million dollar apartment complex in Ft Lauderdale, Florida. Fortune specializes in purchasing apartment buildings and converting them to condos, then selling off the units individually. As a result of the huge population growth taking place in Florida, the demand for condos is very high and it is anticipated that the sale of the units in Ft Lauderdale will be very fast.
When contacted yesterday, Delroy Cowan, the CEO of Fortune, said he was very pleased with the planned acquisition as well as the great success the company was experiencing in sales at another $10 million project, currently being sold off in Orlando, Florida. Cowan projected that sales of condo units over the next 24 months would be very strong and that the company will do very well over that period.
For more information visit: http://www.fortunerealestatedevelopment.com
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