La Rosa Holdings Corp (NASDAQ: LRHC) announced that it has entered into a non-binding Letter of Intent to acquire Celebration Corporate Center LLC.

The Company expects to acquire this entity through its wholly-owned subsidiary, La Rosa Property Management LLC (“LRPM”).

As a result of the acquisition, LRPM will become a direct owner of Celebration Corporate Center LLC and its commercial real estate located in Celebration, Florida.

Also Read: EXCLUSIVE: La Rosa Reports 15% Growth in Q2 Transaction Volume

LRPM specializes in property management services for single-family residential property owners and manages a diverse portfolio of properties across Florida.

The Company anticipates finalizing the transaction in the third quarter of 2024.

According to their management, since its grand opening in 2008, Celebration Corporate Center has been Celebration’s only full-time executive center offering both full-time offices and virtual office solutions.

Celebration Corporate Center specializes in virtual offices, executive suites, reception services, and meeting room rentals. It has 32 full-time offices and 248 virtual offices.

Price Action: LRHC shares closed lower by 2.72% at $1.43 on Tuesday.

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