Mitigation Banks for Sale
Victoria Colangelo links interested buyers and sellers of wetland mitigation banks throughout the state of Florida.
Since 2004, Colangelo has been in the mitigation banking industry, and through this experience her network of mitigation bankers throughout the country is vast. She has been successful in connecting mitigation bankers that want to sell their wetland mitigation banks with investors that want to purchase wetland/conservation mitigation banks.
Victoria was instrumental in aiding the following acquisitions: Reedy Creek Mitigation Bank (2010), Hammock Lake Mitigation Bank (2010), Florida Gulf Coast Mitigation Bank (2016), & Longleaf Mitigation Bank (2020).
Victoria connected the Buyer and Seller for the following Mitigation Banks:
- Neoverde Mitigation Bank (2019) Sold for $10.4 Million with $32 Million in Credit Assets (1,301.19 acres)
- Crooked River Mitigation Bank (2019) Sold for $3.57 Million with $11.6 Million in Credit Assets (323.10 acres)
- Colbert Cameron Mitigation Bank (2020) Sold for $5 million with mitigation credit value of $8 Million Dollars of assets (2,620 acres)
The Hammock Lake Mitigation Bank provides state and federal credits within the Palatlakaha River (Basin 13) and Southern Ocklawaha River (Basin 12) which is within the St. Johns River Water Management District, and in the Ocklawaha River Basins which is within Southwest Florida Water Management District.
Note to Interested Investors:
Permitting a mitigation bank is considered a high barrier to entry industry and risky due to the indefinite permitting timelines, standards and other unknowns. Entering the marketplace with a fully functioning mitigation bank permitted by both state and federal agencies is a unique, valuable long-term asset, that awards you less risk and a several years of time-savings!
The Crooked River Mitigation Bank (CRMB) is 323.10 acre mitigation bank. CRMB requires the restoration and enhancement of 145.93 acres of forested marsh and 83.23 acres of freshwater marsh, restoration of 18.21 acres of wet pine flatwoods, establishment of 34.57 acres of forested wetlands and 36.71 acres of freshwater marsh, restoration of 4.24 acres of adjacent upland buffer pine flatwoods, and preservation of all 323.10 acres within the CRMB boundary.
Neoverde Basin 21 Mitigation Bank is a 1,301.19 mitigation bank in Volusia County, Florida. There are currently no other Mitigation Banks permitted in Basin 21, and market demand is strong.
Colbert Cameron Mitigation Bank is a 2,620 acre bank that provides state and federal credits within the St. Johns River (Canaveral Marshes to Wekiva) Basin (Basin 18), Econlockhatchee Nested Basin (Basin 19), Lake Jesup ( Basin 23), and part of the Southern St. Johns River (Basin 20) located within the St. Johns River Water Management District.