Elad National Properties

What Elad National Properties does

El-Ad National Properties is a privately held real estate development company and a division of ELAD Group, Ltd., focused on developing and operating luxury residential and mixed-use properties in South Florida. Founded in 2004 and headquartered at 150 E. Palmetto Park Road in Boca Raton, Florida, the company manages 4,372 residential units across Palm Beach, Broward, Duval, Hillsborough, and Pinellas counties, serving ultra-high-net-worth individuals seeking luxury condominium ownership and lock-and-leave living in premier South Florida markets.

The company's flagship development is ALINA Residences Boca Raton, a $500 million transformation of the former Mizner on the Green rental village into a three-tower, 303-residence luxury condominium community spanning over eight acres in Downtown Boca Raton. ALINA features award-winning architecture by Garcia Stromberg/GS4 Studios, designer interiors with Miele appliances, smart building technology (integrated high-speed WiFi, security systems, EV charging stations), and over 32,000 square feet of curated outdoor amenities including rooftop pools, a fitness center, meditation gardens, and dog parks. Residences are priced from under $1 million to over $9 million for developer penthouses; ALINA 210 has sold out and ALINA 220 is nearing sellout, with over $60 million in sales recorded during the 2026 peak winter-spring season.

El-Ad generates revenue primarily through one-time unit sales of luxury condominiums and mixed-use developments, distributed exclusively through Douglas Elliman Development Marketing under an enterprise field-sales model. The company pursues a conversion and redevelopment strategy — transforming existing rental communities into for-sale luxury product (e.g., Mizner on the Green into ALINA) and acquiring strategic infill parcels for future development, evidenced by the $45.5 million Coconut Grove acquisition in May 2026 and the $85 million construction-financed District at Davie mixed-use project scheduled for December 2026 completion. Marketing channels include the ALINA Preview Center in Mizner Park and PR support from Kaye Communications.

Name

Elad National Properties

Legal name

El-Ad National Properties, LLC

Website

https://eladnational.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

El-Ad National Properties is a private South Florida real estate developer and division of ELAD Group, building luxury condominium and mixed-use properties for ultra-high-net-worth buyers, anchored by the $500M, 303-unit ALINA Residences Boca Raton and a 4,372-unit Florida residential portfolio.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate Development

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Luxury Vacation Homes & Residences (THAMAEAB)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Luxury residential development
• Condominium real estate
• Mixed-use development
• Property redevelopment
• Residential community management

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Luxury Residential Real Estate Development Sales: El-Ad National Properties generates revenue through the development and sale of luxury residential condominiums and mixed-use properties in South Florida. Revenue is realized upon closing of unit sales to buyers. The ALINA Residences Boca Raton development generated over $60 million in sales during the 2026 peak winter-spring season, with Phase Two (ALINA 210 and ALINA 220) driving strong demand. Residences are priced from under $1 million to over $9 million for penthouses.
2. Mixed-Use Development: The company develops large-scale mixed-use projects combining residential, retail, and parking components. The District in Davie, Florida is a current development project with completion scheduled for December 2026, financed by an $85 million construction loan.
3. Property Acquisition and Future Redevelopment: Acquisition of existing residential properties for future redevelopment opportunities, generating revenue upon subsequent development and sale or lease. The company acquired a Coconut Grove property for $45.5 million in May 2026 as a redevelopment opportunity.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elad National Properties develops, redevelops, and manages luxury residential communities in South Florida, primarily through the transformation of existing rental properties into high-end condominium developments. Its flagship offering is ALINA Residences Boca Raton, a $500 million, 303-unit, three-tower luxury condominium project in Downtown Boca Raton, complemented by the mixed-use District development in Davie and a managed portfolio of 4,372 residential units across multiple Florida counties.

Product overview

Elad National Properties is a real estate development company and division of Elad Group, focused on residential communities in South Florida. The company's primary product is ALINA Residences Boca Raton, a luxury three-tower, 303-unit condominium development in Downtown Boca Raton. The company also develops The District in Davie (mixed-use) and manages a portfolio of rental communities including Camino Real, Tuscany Pointe, Somerset Place, Savannah Place, San Michele, and Colonnade Residences. The flagship ALINA project features luxury residences ranging from one to four bedrooms with extensive amenities including smart building technology, EV charging, and integrated high-speed WiFi.

Differentiator

Problem solved

Functional benefit

Products and services

• ALINA Residences Boca Raton A luxury condominium development in Downtown Boca Raton at 200 S.E. Mizner Boulevard, comprising three nine-story buildings totaling 303 residences including units and penthouses. Features include a rooftop pool, spa, fitness center, smart building technology, and over 32,000 square feet of outdoor amenities. Phase Two comprises ALINA 210 (sold out) and ALINA 220 buildings, with penthouses priced up to over $9 million.
• The District (Davie, Florida) A large-scale mixed-use development in Davie, Florida featuring residential, retail, and parking components, with completion scheduled for December 2026.
• Coconut Grove Property (3265 Virginia St.) A two-story residential building containing 25 units across approximately 20,490 square feet in Coconut Grove, Miami, acquired for $45.5 million as a future redevelopment opportunity.
• Mizner on the Green A rental townhome village in Boca Raton being transformed into a luxury condominium community as part of a $500 million development project (now ALINA Residences).

Quantifiable outcome

• ALINA Residences Boca Raton generated over $60 million in sales during the 2026 peak winter-spring residential season, with ALINA 210 completely sold out.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor, flagship and core.

• BerkadiaminorChannel Partner/ Reseller/ Distributor · 14 May 2026Berkadia facilitated the acquisition of the property at 3265 Virginia St. in Coconut Grove, Miami for $45.5 million. Omar Morales of Berkadia represented the seller WNG Miami LLC in the transaction, marking El-Ad's entrance into the Coconut Grove neighborhood.
• Douglas Elliman Development MarketingflagshipChannel Partner/ Reseller/ Distributor · 29 August 2018Douglas Elliman Development Marketing serves as the exclusive sales and marketing agent for ALINA Residences Boca Raton. Chairman Howard M. Lorber of Douglas Elliman Realty expressed confidence in the development, anticipating strong buyer interest in the exclusive and sophisticated lifestyle offering.
• Garcia Stromberg/GS4 StudioscoreStrategic or Co-development Partner · 29 August 2018The acclaimed architectural firm Garcia Stromberg/GS4 Studios designed ALINA Residences Boca Raton. The firm is responsible for the architectural vision of the three nine-story buildings spanning over eight acres in downtown Boca Raton, delivering sophisticated living with a distinctive residential expression.
• Paul Weinberg (Landscape Architect)coreStrategic or Co-development Partner · 29 August 2018El-Ad National Properties partnered with landscape architect Paul Weinberg and his team to design the nearly nine acres of private outdoor amenities at ALINA Residences. The landscape design showcases a meditation and sculpture garden, outdoor yoga space, and dog park surrounded by lush native greenery.
• Habitat for Humanity of South Palm Beach CountyminorStrategic or Co-development Partner · 21 August 2018El-Ad National Properties partnered with Habitat for Humanity of South Palm Beach County to donate repurpose-worthy items (cabinets, appliances, fixtures) from its Mizner on the Green rental units scheduled for demolition. Items are resold in Habitat's ReStores or recycled, with proceeds funding affordable homeownership construction for deserving families.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Others

• Douglas Elliman: Exclusive sales and marketing partner for ALINA Residences Boca Raton and a leading U.S. luxury real estate brokerage. Comparable as a channel partner and adjacent luxury brokerage rather than a developer competitor.

Broad incumbents

• Elad Group: Parent company of El-Ad National Properties and a diversified international real estate and hotel group (Plaza Hotel, 108 Leonard, 22 CPS). Comparable as the broader corporate platform that anchors El-Ad National's brand, capital, and deal pipeline.

Direct peers

• The Related Group: Florida's largest luxury condominium and mixed-use developer, with a deep South Florida portfolio in Miami, Brickell, and Boca-area markets. Directly comparable as a luxury condo developer targeting UHNW buyers in the same South Florida geographies.
• Fortune International Group: Long-standing South Florida luxury condo developer (e.g., Icon Brickell, Ritz-Carlton Sunny Isles). Directly comparable in luxury condo product, South Florida geography, and UHNW buyer segment.
• BH Group: South Florida-based luxury condominium developer active in Boca Raton, Pompano Beach, and other coastal FL markets. Comparable in product type (luxury branded condos), pricing band, and South Florida geography.
• Aria Development Group: Miami-based developer of ultra-luxury condominium projects (e.g., Aria on the Bay, Meridian Lofts). Directly comparable in ultra-luxury product positioning and South Florida buyer focus.
• Two Roads Development: South Florida luxury condo developer with projects in Miami, Hollywood Beach, and other FL coastal markets. Comparable in luxury condo product, master-planned community structure, and South Florida geography.
• Kolter Group: Florida-based real estate developer active in luxury condominium and mixed-use projects across Palm Beach, Broward, and Miami-Dade. Comparable in luxury residential development pipeline and South Florida focus.
• Property Markets Group: Luxury condominium and rental developer with major South Florida projects (e.g., Waldorf Astoria Miami, Aston Martin Residences). Comparable in luxury condo product, branded-residence strategy, and FL geography.
• Crescent Heights: National luxury condominium and rental developer with significant South Florida and Miami exposure (e.g., One River Point, Paramount Miami Worldcenter). Comparable in luxury condo product and South Florida footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elad National Properties