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Wed 04 Apr 2007Investment group raises $10m for Florida complex near Disney WorldInvestor First, a Dublin-based real estate investment group, has raised $10 million (€7.5 million) from Irish investors to fund the building of an apartment/hotel complex near Disney World in Florida.Called Emerald Cay, the development will cost about $55 million to complete, with the balance of funds coming from debt finance. It involves the building of 200 apartments - known as condos in the US - that will have access to common restaurants, bars, a swimming pool and other leisure facilities typically offered by hotels. The complex will be operated by a hotel group, which will rent the rooms on behalf of those who buy the properties. The apartments are aimed at investors.