South Florida Business Journal · September 17, 2026
In any year, Chateau Grove would stand out as a Deal of the Year candidate. The complexity of its assembly, the speed of its execution and the financial result meant Canero Group had to secure contracts from every individual owner before completing a single closing.
The firm began assembling the property in October 2024 and had acquired all 25 units by May 2025. A year later, it sold all the units, driving a significant profit and a 163% return.
The transaction required more than negotiating with individual owners. Canero Group managed 25 separate contracts, extensions and closing requirements while working toward an “all-or-nothing” transaction. A single owner refusing to sell could have jeopardized the entire deal.
Relationships were central to completing the assembly. The first unit came through a family connection; personal relationships helped secure additional owners. When negotiations stalled with one seller and another attempted to discourage neighbors from participating, President and Managing Partner Jose Canero continued working through his network to keep the transaction together.
