Plaza Fiesta Mall
RAM Development Group purchased the distressed Plaza Fiesta Mall in 2000 and developed it into the largest Latino mall in the Southeast. By adding Marshall’s, Burlington Coat Factory, a Farmer’s Market and 150 other small tenants, the center increased revenues, from what was an operating deficit, by more than 800% in four years. When the property was sold in 2006, it returned a nearly 600% return on investments.
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