Palm-Aire Country Club Apartments Condominium, Inc. v. FPA Corp.

Appellants, fifteen condominium associations representing the unit owners of a condominium real estate development, sued the appellee, developer, FPA, to establish a constructive trust to assert their claimed right to join two golf and tennis clubs in the development on an annual dues paying membership after the developer had converted them to equity membership clubs. Prom a final judgment in favor of developer, appellants filed this appeal. We affirm.

“THE WORLD OF PALM-AIRE” real estate development is a mixed use residential and recreational development consisting of approximately 1750 acres…