FLORIDA – Florida law could help rich investors force condo owners from their homes
And for Yuclen and Horace Freeman, both in their 80s, Grande Oasis is where they assumed they would spend the rest of their days.
Not any longer.
In the past few years, an investment company connected to Texas billionaire John Goff has been on a buying spree that puts it close to owning at least 800 of the 1,000 units in Grande Oasis at Carrollwood, one of Tampa Bay’s largest condo complexes. Under Florida law, that would be enough to force residents such as Rosselli, Gregory and the Freemans to sell their condos — probably at a big financial loss — so Grande Oasis could be converted to apartments. Read more: