The Estate Companies

What The Estate Companies does

The Estate Companies (TEC), operating also as TEC and The Estate Cos., is a vertically integrated, full-service real estate development firm founded in 2012 and headquartered at 6201 SW 70th Street in South Miami, Florida. The company specializes in Class A multifamily and mixed-use projects across South Florida's tri-county region (Miami-Dade, Broward, and Palm Beach counties), with an active pipeline of approximately 4,000 rental units and 153,000 square feet of commercial space. Its portfolio is anchored by the Soleste sub-brand, which spans at least 15 named developments ranging from a 60-unit adaptive-reuse project (Vista Del Rio) and garden-style mid-rises (Soleste Midtown South, 354 units) to 22- and 28-story waterfront towers (Soleste NoMi Beach, 367 units; Alvorada on the Bay, 363 units). The firm is led by Managing Principal Robert Suris, Principal Jeffrey Ardizon, and CFO Carlos Lopez, supported by an 11–50 person team that combines acquisition, development, construction oversight, and asset management functions in-house.

TEC's business model is a hybrid of principal development and third-party investment management for private and institutional investors. Revenue is generated through (i) the sale of stabilized multifamily assets to institutional buyers, with transactions arranged through debt advisors such as JLL Capital Markets, (ii) ongoing rental income from owned and operated Class A properties, with disclosed market-rate rents ranging from approximately $1,900 to $3,000 per month depending on unit size and submarket, and (iii) equity promotes and development economics from joint ventures and co-development partnerships, including a structured JV with Midtown Group on the 20.8-acre Homestead site and a repeat co-development relationship with FHCP, LLC. The company finances its pipeline with a diversified stack of construction and refinancing debt facilities — disclosed 2024–2025 transactions include a $50M Ares refinancing, a $72.5M Synovus construction loan, a $110M Ares refinancing, and a $60M construction loan — alongside repeat equity from its private investor base accessed through an investor portal. Its go-to-market relies on the Soleste brand and per-property websites, social media, earned media in South Florida Business Journal, The Real Deal, Commercial Observer, and Miami Herald, and direct enterprise sales to institutional capital partners and JV co-developers.

Name

The Estate Companies

Legal name

The Estate Companies

Website

https://eigfl.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

The Estate Companies is a South Florida-based, vertically integrated real estate developer specializing in Class A multifamily and mixed-use projects under the Soleste brand, with 4,000 rental units in pipeline across Miami-Dade, Broward, and Palm Beach counties serving private and institutional investors.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Development

NAICS

Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Multifamily Brokerage (BPAJABAD)

Keywords

• Multifamily real estate development
• Luxury apartment communities
• Real estate investment management
• Mixed-use development projects
• Class A residential properties

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development: Development and construction of Class A multifamily residential and mixed-use projects. Company identifies opportunities, manages project development, and executes exit strategies that maximize value for stakeholders. Revenue generated through property sales to institutional buyers upon stabilization or ongoing rental income from owned properties.
2. Investment Management: Manages development and investment opportunities for private and institutional investors. Provides detailed financial and progress reports throughout the investment lifecycle. Transparency prioritized with all stakeholders.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

The Estate Companies is a vertically integrated, full-service real estate development firm that identifies, develops, and manages Class A multifamily and mixed-use properties under its Soleste brand across South Florida (Miami-Dade, Broward, and Palm Beach counties). The firm sources and structures investment opportunities for private and institutional investors, manages project development through stabilization, and executes exit strategies that include ongoing rental operations or sale of stabilized assets to institutional buyers.

Product overview

The Estate Companies is a vertically integrated, full-service real estate development firm specializing in Class A multifamily and mixed-use projects across South Florida. The company's portfolio centers on the Soleste brand, which encompasses luxury apartment communities ranging from mid-rise garden-style developments to high-rise towers. The product line includes completed projects (Soleste SeaSide, Soleste NoMi Beach, The Atlantic by Soleste, Soleste Spring Gardens, Soleste Westgate, Soleste Hollywood Boulevard, Soleste Bay Village, Alture Westland, Soleste Alameda), projects in development (Soleste Midtown South, Soleste Young Circle, The Holly by Soleste, Alvorada on the Bay, Soleste Palm Station, Soleste Reserve I & II), and specialty projects such as the Belen Athletic Center. The company also completes adaptive reuse projects converting hotels to multifamily (Alture Westland). Developments range from 60-unit to 500+ unit communities with studio to 3-bedroom configurations, typically featuring resort-style amenities including pools, fitness centers, coworking spaces, and pet facilities.

Differentiator

Problem solved

Functional benefit

Brands

• Soleste: Luxury multifamily residential brand encompassing Class A apartment communities throughout South Florida including Soleste NoMi Beach, Soleste SeaSide, The Atlantic by Soleste, Soleste Westgate, Soleste Spring Gardens, Soleste Hollywood Boulevard, Soleste Young Circle, Soleste Midtown South, Alvorada on the Bay, Soleste Palm Station, Soleste Reserve, and other developments.

Products and services

• Soleste SeaSide 340-unit, 8-story luxury Class A multifamily development at 4 North Federal Highway, Dania Beach, FL 33004. Leased directly to renters and positioned as a Class A rental community.
• Soleste NoMi Beach 367-unit, 22-story luxury waterfront Class A apartment community at 16395 Biscayne Boulevard, North Miami Beach, FL 33160, featuring townhomes and 1/2/3-bedroom apartments with high-end finishes. Rents start at $2,710 per month.
• The Atlantic by Soleste 253-unit, 8-story luxurious Class A multifamily development at 208 North Federal Highway, Pompano Beach, FL 33062, situated along US1 in South Florida.
• Soleste Westgate 501-unit, seven-building Class A+ multifamily development at 7730 West Commercial Boulevard, Lauderhill, FL 33351, located near Sawgrass International Corporate Park, Weston Corporate Center, and Cleveland Clinic.
• Soleste Spring Gardens 240-unit, 8-story multifamily development at 1005 Spring Garden Road, Miami, FL 33136. Studio suites and 1/2/3-bedroom apartments near Miami's Health District and Wynwood. Rental rates begin at $2,011 per month.
• Belen Athletic Center 52,000 sq ft, 3-story athletic center at 500 Southwest 127th Avenue, Miami, FL 33184. State-of-the-art facility with weight rooms, gym, treadmills, ERG Machines, and golf simulators serving over 1,000 student-athletes across 16 sports at Belen Jesuit.
• The Holly by Soleste 503-unit luxury Class A multifamily two-tower apartment community at 2000 Van Buren Street, Hollywood, FL 33020, adjacent to Young Circle.
• Alvorada on the Bay 363-unit, 28-story luxury multifamily mixed-use apartment community with 20,000 sq ft of retail at 16375 Biscayne Boulevard, North Miami Beach, FL 33160, just outside the southern border of Aventura.
• Soleste Hollywood Boulevard 324-unit, 8-story luxury Class A+ multifamily rental community at 2001 Hollywood Boulevard, Hollywood, FL 33020, between Dania Beach, Fort Lauderdale, Miami, and Aventura.
• Soleste Young Circle 378-unit, 23-story luxury Class A multifamily development at 1845 Hollywood Boulevard, Hollywood, FL 33020, located contiguous to Young Circle with nearby highway access.
• Soleste Midtown South 354-unit luxury Class A garden-style multifamily development with six 4- and 5-story buildings and a two-story clubhouse at the 3000 Block of Campbell Drive, Homestead, FL 33033, near the Florida Turnpike.
• Soleste Bay Village 213-unit, 5-story Class A multifamily development at 18301 South Dixie Highway, Palmetto Bay, FL 33157, in one of the faster-growing submarkets in Florida with high barriers to entry. Located in an Opportunity Zone.
• Alture Westland 251-unit luxury multifamily property at 1950 West 49th Street, Hialeah, FL 33012, comprising two 4-story buildings with studio suites and 1-bedroom apartments. Acquired through hotel-to-multifamily conversion.
• Soleste Alameda 306-unit, 8-story Class A multifamily development at 6320 Southwest 8th Street, West Miami, FL 33144, on Miami's busiest corridor Southwest Eighth Street (Calle Ocho), near Coral Gables.
• Soleste Club Prado 195-unit, 8-story Class A multifamily development at 950 Red Road, West Miami, FL 33144, minutes from Coral Gables, University of Miami, Miami Children's Hospital, and Miami International Airport. Sold to an institutional buyer upon stabilization.
• Vista Del Rio 60-unit, 7-story multifamily apartment building at 624 Southwest 1st Avenue, Little Havana, FL 33130. Acquired through banknote collateralization.
• Soleste Grand Central

Quantifiable outcome

• Successfully completed multiple luxury multifamily developments including Soleste NoMi Beach (367 units), Soleste SeaSide (340 units), The Atlantic by Soleste (253 units)
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• NAI Miami | Fort LauderdaleminorImplementation/ SI/ Consulting Partner · 9 May 2024Represented buyer (EIG MG Homestead) in acquisition of 20.8-acre land parcel from Baptist Health South Florida for $14 million.
• Midtown GroupcoreStrategic or Co-development Partner · 6 May 2024Joint venture partner for Soleste Midtown mixed-use project in Homestead. Midtown Group, led by principal Jon Samuel, develops and owns the commercial component while The Estate Companies develops and owns the residential portion. Acquired 20.8-acre development site together for $14 million.
• FHCP, LLCcoreStrategic or Co-development Partner · 15 March 2024Co-developer and investment partner on multiple projects including Soleste Spring Gardens (240 units) and other multifamily developments. FHCP, LLC is a boutique opportunistic investment and development firm concentrating on niche locations and products.

Scale indicators4 records

Recent moves2 records

Expansion highlights6 records

Direct peers

• Related Group: Related Group is one of the largest luxury multifamily and condo developers in South Florida, with a similar focus on Class A urban infill rental and for-sale product in Miami-Dade, Broward, and Palm Beach counties. Directly comparable in geography, product type, and luxury positioning to The Estate Companies.
• Mill Creek Residential Trust: Mill Creek Residential is a national multifamily developer specializing in Class A apartment communities with a build-and-hold model for institutional capital. Directly comparable in product type, customer base (institutional investors), and development-to-stabilization workflow.
• FHCP, LLC: FHCP is a boutique opportunistic investment and development firm co-developing multifamily projects with TEC (e.g., Soleste Spring Gardens). Directly comparable as a co-developer JV partner with similar niche, infill, Class A multifamily focus in Florida.

Broad incumbents

• Greystar Real Estate Partners: Greystar is the largest multifamily operator and developer globally, with extensive South Florida Class A development and investment activity. Comparable in product category and institutional capital orientation, though far broader and more diversified across geographies and services.
• Trammell Crow Residential: Trammell Crow Residential is a national Class A multifamily developer serving institutional investors through development partnerships. Comparable in product type and institutional GTM, though it operates across multiple U.S. markets rather than a single region.
• Lincoln Property Company Residential: Lincoln Property Company's residential division develops and manages Class A multifamily communities nationwide, including Florida. Comparable in product category and institutional buyer flow, with broader geographic diversification than TEC.
• Lennar Multifamily (LMC): LMC, the multifamily arm of Lennar Corporation, develops institutional Class A apartment communities nationally with active Florida exposure. Comparable product and institutional GTM, with substantially greater balance-sheet support and geographic diversification.

Regional players

• Related Companies (NYC): Related Companies is a national real estate developer with luxury multifamily and mixed-use product in New York and select coastal markets. Comparable in product type and mixed-use model, though its primary geographic concentration is the Northeast rather than South Florida.
• Terra (Terranova Corporation): Terranova is a long-standing South Florida real estate investment and development firm focused on multifamily, retail, and mixed-use product in Miami. Comparable in product category and regional focus, though with a broader mix of asset classes and longer operating history.

Others

• JLL Capital Markets: JLL Capital Markets is the debt arranger and capital markets advisor used by TEC for refinancings ($110M for Soleste NoMi Beach, $50M for Soleste Spring Gardens). Comparable as an ecosystem participant enabling the institutional capital flow that TEC's build-and-hold/sell model relies on.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/livesolesteseaside
• Instagraminstagram.com/soleste_seaside

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors2 records

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 The Estate Companies