BREAKING NEWS: After 20 Years, Longtime Principal David Moret No Longer With CREC

Revised February 3, 2016

Continental Real Estate Companies (CREC) and Continental Properties Acquisiton Corporation (CPAC) Principal David Moret is no longer with the firm.
As a Principal at CREC and CPAC, an affiliate of Continental Real Estate Companies, David Moret was directly involved in the asset management, brokerage, and the acquisition and disposition of retail, multifamily, office and residential properties. He oversaw asset management of a portfolio valued at more than $300 million, with assignments including BJ’s Plaza in Sunrise, Palm Johnson Plaza in Pembroke Pines and University Plaza in Orlando, Florida. He represents primarily investment partners, financial institutions and other institutional and private investors, according to the CREC website.
In addition, Moret coordinated value-added investment activities including the sourcing of acquisitions, structuring of debt and equity financing, oversight of due diligence, and closing of transactions on behalf of company partners and clients. He has served as a court-appointed receiver at the request of some of the nation’s largest commercial banks, special services and other financial institutions for assets including North Bay Village in Bonita Springs, The Trail Shopping Center in Ormond Beach and Taft Office Complex in Hollywood, Florida.
David started his real estate career as an office leasing agent at CREC in 1995 and expanded his practice into investment sales and brokerage beginning in 1996.   Shortly thereafter, he began pursing real estate investment opportunities on behalf of the firm and their investment partners and began leading the firm’s investment activities in the early 2000’s.  These activities were conducted under the related entity CPAC.
David has structured more than $500 million worth of acquisition on behalf of CPAC and their investment partners since he began leading the investment division. There have been several sales and acquisitions of CPAC-owned properties led by David Moret reported in various publications over the past 18 months including the $12.2 million sale of Pembroke Pines Professional Center in Pembroke Pines, the $8.5 million sale of Palm Johnson Plaza in Pembroke Pines, $6.3 million sale of a CVS-leased property in Coral Springs, the $7.3 million acquisition of Silverlakes Professional Campus and the $26.5 million acquisition of Royal University Plaza in Coral Springs.
CRE-sources learned that a new limited liability company, Highline Real Estate Capital, LLC, was formed by Moret on January 12, 2016. Moret confirmed that Highline Real Estate Capital will be focused on acquiring office and retail properties throughout the Southeast with a particular focus on Florida.  The firm relies on its deep market knowledge and extensive relationships with tenants and other market participants to enable it to undercover opportunities where they are uniquely capable of adding value to underperforming assets.
Moret earned his Juris Doctorate from the University of Miami School of Law (Coral Gables, Florida) and his Bachelor of Science in Business from the University of Florida (Gainesville, Florida). He is a licensed Florida Real Estate Broker and a member of the Florida Bar.
 

“I had a wonderful 20 year experience at CREC and could not be more appreciative of the opportunities I had there”, commented Moret. “I still consider myself to be part of the CREC family and expect to continue doing business with them for years to come.  After 20 years, it was time for me to take on a new challenge and I could not be more excited about the opportunities in front of me.”

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