The Next Chapter in Captiva Island’s Story
JUST IN! The Iconic South Seas Island Resort has been officially acquired by Timbers Company, Wheelock Street Capital and The Ronto Group in a joint acquisition. In the latest press release, the group confirmed this notable acquisition, citing “the notable acquisition of this historic property supports Timbers Company’s continued plans for growth as announced earlier this year.”
Click here to view the full press release.
About the Timbers Company:
Timbers Company, the company behind Timbers Resorts, is the developer and operator of a collection of luxury properties in over 16 of the world’s most exclusive high-end destinations. The Timbers Collection includes boutique resorts, hotels, and private residence clubs in some of the world’s most sought-after ski, golf, leisure, and beach locations. Since 1999, Timbers Resorts has been committed to being authentic, unique, and respectful of the destination, focusing on family and experiences, and never compromising quality and service. Timbers Resorts also manages a luxury rental business where guests can rent some of their most exclusive residences at the resorts. Owners at properties in the Timbers Collection are granted an ownership experience with expanded benefits through a host of travel and lifestyle partners such as Sentient Jet, Hertz, MedjetAssist, The Ghurka Collection, and many more, as well as access to the Timbers Reciprocity Program and the ability to trade vacation time with other destinations in the portfolio. Current Timbers Collection properties can be found in Aspen, Beaver Creek, Cabo San Lucas, Jupiter, Kaua’i, Kiawah Island, Maui, Napa, Scottsdale, Sonoma, Southern California, Steamboat, Tuscany and Vail.
About Wheelock Street Capital:
Wheelock Street Capital was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with 30 years of broad real estate transaction experience across all major asset classes. Wheelock has raised over $4 billion in capital commitments from well‐known institutional investors and focuses on real estate investment opportunities throughout the United States, in both public and private markets. Wheelock is currently deploying its sixth fund in its value‐added series, Wheelock Street Real Estate Fund VI, and its first perpetual life fund, Wheelock Street Long Term Value Fund. The Long Term Value Fund targets high‐quality, cash‐flowing assets with stable, yet attractive risk‐adjusted returns over a 5‐15 year investment horizon. The firm may invest directly or with high-quality joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings, and recapitalizations. Wheelock’s investment team benefits from extensive experience from top‐tier institutional investment firms and highly regarded real estate operating companies and has produced a 10‐year track record of demonstrated and consistent outperformance over industry benchmarks.
About The Ronto Group:
Since 1967, The Ronto Group has been perfecting their skills in real estate development through the creation of residential and commercial projects worldwide. For over thirty years, Ronto has been developing in the Southwest Florida market, creating communities that celebrate the area’s irresistible appeal, from Marco Island to Tampa. The Company has built a solid reputation for imaginative vision, steadfast integrity and reliable performance. Headquartered in Naples, Ronto’s expertise in condominium and land development has been recognized internationally for communities that are lasting examples of the luxury lifestyle, thoughtful planning, and dedicated craftsmanship. In the past 8 years, the partnership between The Ronto Group and Wheelock Street Capital has resulted in three high-rise towers and two mid-rise communities, totaling 700 residences in Southwest Florida. Ronto has also received numerous awards from the southwest Florida homebuilding industry for superior design and craftsmanship. The Ronto Group’s expertise and attention to detail is evident in each of their projects.
The Resort holds a special place in our hearts. It has served generations of families and had been their partner in creating forever memories. It has witnessed marriages, romantic walks on the beach, family, and friends spending their time away from the chaos of everyday life. It has been a home away from home for many of us.
With this acquisition, we look forward to witnessing a new chapter of Captiva and Resort’s story. Click here to read about the South Seas Island Resort history