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Environment | Engineering
Trendsetters: Environment, Engineering
Harvesting the Land
Loretta Cockrum Foram Group Founder, CEO, Miami Fallback: Cockrum’s mother wanted her to have a skill, so she earned a dental hygiene degree. |
A Miami native, Cockrum, 69, turned to real estate in the 1970s in Atlanta to support her family as her husband was dying.
She found a niche managing property — initially the books and such — for farming families. Over time, their holdings in timber in Georgia and South Carolina made them wealthy, and they branched out. She’s adopted the harvest and plant cycle for commercial land. Foram tore down an apartment complex in Gainesville it owned for years to build The Bartram, which will be one of the first luxury green rental projects in the nation, she says.
Foram has more than $500 million in assets with buildings in Jacksonville, Boca Raton and Miami and farm, timberland, a 5,000-acre Colorado ranch and planned unit developments in Georgia and South Carolina.
Next year, she plans to start developing a Georgia property with a marina and 200 acres on I-95. But for now, she says, the Miami project “is very much a priority.”