In May 2009, 13th Floor acquired a note from Banco Popular collateralized by an intact, seven-story, 60-unit, multifamily apartment building located in the Little Havana neighborhood of Miami, Florida. The property is located just blocks from downtown Miami and the I-95 expressway, and a short drive to Brickell Avenue and Jackson Memorial Hospital. While originally intended for sale, the building was operated as a rental, working in collaboration with the original development team towards a friendly foreclosure and was sold in May 2010.