In 1990, Mr. Roy sold-off his portfolio and at the age of 36, moved to Florida with the intent of replicating his successful model. OceanLand was founded. After moving to Florida, Mr. Roy started purchasing nonperforming loans on oceanfront property from Miami to Palm Beach during the U.S. savings and loan crisis. Sensing the market was more receptive to condominiums than to senior housing, he petitioned local governments for zoning changes that would allow 1950s-era motels to be redeveloped as high-rise condominiums. He was one of the pioneers of a trend that defined South Florida luxury high-rise residential real estate.