Mast Capital

What Mast Capital does

Mast Capital is a vertically integrated real estate investment and development firm founded in 2006 by Camilo Miguel Jr., headquartered in Coconut Grove, Florida. The company operates across four property verticals — commercial, hospitality, multifamily, and condominium — with a portfolio exceeding $5 billion in total project capitalization across more than 50 projects concentrated in South Florida and select Florida markets including Tampa, Fort Myers, Naples, the Treasure Coast, and the Florida Keys.

Mast Capital's core business spans two revenue archetypes: project-based revenue from luxury for-sale condominium developments (Cipriani Residences Miami, The Perigon Miami Beach, Banyan Tree Residences West Palm Beach) priced from $1.1 million to over $1.9 million per unit, and recurring revenue from stabilized multifamily rental communities (Avara Miami Beach, Hancock Bridge Square, The Harlow Wesley Chapel, Waterline Miami River, Avalon Bay Merrick Park) and hospitality assets (Saddlebrook Resort, Little Palm Island Resort, Sole Miami). Competitive positioning rests on discretionary capital enabling quick closings, full in-house acquisition through asset management, and exclusive hospitality brand partnerships with global names such as Cipriani, Banyan Group, and design firms including OMA, Arquitectonica, Tara Bernerd, and 1508 London.

Go-to-market is enterprise field sales targeting ultra-high-net-worth individuals seeking branded luxury residences and institutional investors for multifamily and commercial joint ventures. Distribution relies on exclusive broker relationships (Fortune Development Sales for branded condos) and direct developer sales. Capital structure includes construction debt from Banco Inbursa, Ascendant Capital, Eldridge, PNC Bank, and CenterBridge, alongside equity partnerships with Rockpoint Group, Starwood Capital, AEW, and BLG Capital Advisors, totaling over $1.1 billion in disclosed construction financing across 2022-2026.

Name

Mast Capital

Legal name

Mast Capital, Inc.

Website

https://mastcapital.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Mast Capital is a vertically integrated, founder-led real estate investment and development firm founded in 2006, operating across luxury condominiums, multifamily rentals, hospitality, and commercial assets in Florida with over $5 billion in total project capitalization.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

SIC

Lessors Of Real Property, Nec (6519), Investors, Nec (6799), Real Estate (6500)

akta.pro primary industry

Beachfront & Coastal Full-Service Hotels (THAGAAAI)

akta.pro secondary industry

Luxury & Estate Rentals (THAGANAF)

Keywords

• Luxury real estate development
• Branded condominium residences
• Multifamily rental housing
• Hospitality resort properties
• Commercial real estate investment

Headquarters

HQ city

Coconut Creek

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Development Sales: Sale of luxury condominiums and for-sale residential units. Revenue is generated through bulk purchases of existing condo buildings, termination of condo associations, redevelopment, and sale of new luxury units. Major projects include Cipriani Residences Miami (397 units), The Perigon Miami Beach (82 units), and Banyan Tree Residences West Palm Beach (88 units).
2. Multifamily Rental Operations: Development and operation of luxury rental apartment communities. Properties include Avara Miami Beach (178 units), Hancock Bridge Square (320 units in Fort Myers), The Harlow Wesley Chapel, and Waterline Miami River. Revenue generated through monthly rental income.
3. Hospitality Operations: Operation of resort and hospitality properties including Saddlebrook Resort, Little Palm Island Resort, Hawks Cay Resort, and Sole Miami. Revenue from hotel rooms, resort amenities, and hospitality services.
4. Commercial Real Estate: Ownership and operation of commercial properties including The Quay (retail center in Fort Lauderdale), Office in the Grove, and Shoppes at River Ridge. Revenue from commercial leasing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Mast Capital is a vertically integrated real estate investment and development firm that acquires, develops, constructs, and manages luxury real estate across Florida. Its portfolio spans branded ultra-luxury condominiums (e.g., Cipriani Residences Miami, Banyan Tree Residences West Palm Beach, The Perigon Miami Beach), luxury multifamily rental communities, hospitality resorts, and commercial properties. The firm partners with world-class architects, interior designers, and global hospitality brands to develop, sell, lease, and operate these assets.

Product overview

Mast Capital is a vertically integrated real estate investment and development firm established in 2006, with a portfolio exceeding $5 billion in total project capitalization. The company operates across four core property types: Commercial (cutting-edge workspaces), Hospitality (luxury hotels and resorts), Multi-Family (rental apartments), and Condominium (luxury for-sale residences). Their current portfolio includes branded luxury condominiums such as Banyan Tree Residences West Palm Beach, Cipriani Residences Miami, and The Perigon Miami Beach; luxury rental communities including Avara Miami Beach, Hancock Bridge Square, and The Harlow Wesley Chapel; and hospitality properties such as Saddlebrook Resort, Little Palm Island Resort, and Sole Miami. The firm is known for partnering with world-class architects, designers, and hospitality brands to create distinctive developments in South Florida and select other markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Cipriani Residences Miami An 80-story luxury branded condominium tower in Miami's Brickell Financial District with 397 one- to four-bedroom residences, marketed to ultra-high-net-worth buyers. The first ground-up Cipriani branded residences in the U.S., featuring Italian hospitality design, services, and exclusive dining venues.
• Banyan Tree Residences West Palm Beach A 25-story luxury branded condominium tower with 88 residential units priced from $1.9 million, marketed to ultra-high-net-worth buyers. The first U.S. project for Singapore-based Banyan Tree hospitality brand, featuring architecture by OMA and interiors by Yabu Pushelberg.
• The Perigon Miami Beach A 17-story oceanfront ultra-luxury condominium with 82 residences (two- to four-bedrooms) in Miami Beach's Mid Beach area. Features architecture by OMA, interiors by Tara Bernerd, landscape design by Gustafson Porter + Bowman, and residents-only dining by Michelin-starred chef Shaun Hergatt.
• Avara Miami Beach A 178-unit luxury rental development in Miami Beach with units ranging from $3,200 to nearly $14,000 per month, targeting high-income professionals and affluent relocations from New York and California.
• Hancock Bridge Square A 320-unit garden-style apartment community in Fort Myers, Florida, built across nearly 15 acres with three- and four-story buildings featuring amenities including a gym, lounge, coworking space, and swimming pool. Rents are not explicitly stated for this property in the input.
• The Harlow Wesley Chapel A 248-unit multi-family community in Tampa's Wesley Chapel neighborhood, featuring four-story buildings on a 16-acre site adjacent to the BayCare Hospital development, with rents ranging from $1,750 to $3,050 per month.
• Saddlebrook Resort A 480-acre resort in Wesley Chapel, Florida, featuring a 500-key hotel-condo, 100,000 sq ft of meeting space, over 40 tennis courts, and an 18-hole golf course. Currently undergoing major renovations and redevelopment.
• Little Palm Island Resort A luxury resort on Little Torch Key in the Florida Keys, operated as part of Mast Capital's hospitality portfolio.
• Avalon Bay Merrick Park

Quantifiable outcome

• $600 million construction loan secured for Cipriani Residences Miami - largest-known condo construction loan ever in South Florida
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eleven partnerships are on record, tiered core and minor.

• CiprianicoreOEM/ Whitelabel/ Licensing Partner91-year-old Italian hospitality brand partnered with Mast Capital for Cipriani Residences Miami, the brand's first ground-up residences in North America. Cipriani provides brand identity, signature dining concepts, resident services, and world-renowned hospitality standards. The 80-story tower at 1420 South Miami Avenue features 397 luxury residences with Cipriani-trained staff and exclusive dining venues.
• Banyan GroupcoreOEM/ Whitelabel/ Licensing PartnerSingapore-based global hospitality company partnered with Mast Capital and Curated JCZM Development for Banyan Tree Residences West Palm Beach, marking Banyan Group's entry into the U.S. residential market. The 88-residence luxury tower features architecture by OMA and interiors by Yabu Pushelberg, with owners gaining access to Banyan Group's network of over 100 hotels and resorts.
• Curated JCZM DevelopmentcoreStrategic or Co-development PartnerDevelopment partner with Mast Capital on Banyan Tree Residences West Palm Beach, representing the first U.S. residential project for Singapore-based Banyan Group.
• OMA (Office for Metropolitan Architecture)coreStrategic or Co-development PartnerInternationally renowned architecture firm led by Rem Koolhaas designed The Perigon Miami Beach (17-story, 82 residences) and Banyan Tree Residences West Palm Beach. OMA New York oversees operations in the Americas with successful completions including Faena Forum in Miami Beach.
• ArquitectonicacoreStrategic or Co-development PartnerMiami-based architecture firm led by Bernardo Fort-Brescia and Laurinda Spear designed Cipriani Residences Miami and Avara Miami Beach. Firm received instant acclaim since 1977 for bold modernism that defined Miami's urban renaissance.
• Tara Bernerd & PartnerscoreStrategic or Co-development PartnerLondon-based interior design practice led by Tara Bernerd designed The Perigon Miami Beach, including the FiftyThree speakeasy and Nota Mediterranean restaurant. Bernerd is internationally renowned for creating new icons in every market she enters.
• 1508 LondoncoreStrategic or Co-development PartnerDesign studio named after Michelangelo's commission year designed interiors for Cipriani Residences Miami. Principal Leo Bertacchini brings experience from luxury brands Louis Vuitton, Yves Saint Laurent, and Ralph Lauren.
• Gustafson Porter + BowmancoreStrategic or Co-development PartnerAward-winning landscape architecture firm designed The Perigon's gardens, their first landscape project in Miami and Florida. Known for Diana, Princess of Wales Memorial in Hyde Park and other acclaimed international projects.
• Shaun HergattcoreStrategic or Co-development PartnerMichelin-starred chef created culinary program for The Perigon Miami Beach including FiftyThree speakeasy (residents-only) and Nota Mediterranean restaurant. First Michelin-starred chef to operate residents-only dining on Miami Beach.
• Kaufman LynnminorOthersDelray Beach, Florida-based general contractor overseeing construction of Hancock Bridge Square.
• Humphrey's & Partners ArchitectsminorOthersDallas-based architectural firm designed Hancock Bridge Square's garden-style apartment community.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• BH Group: Miami-based developer and JV partner with Mast Capital on Bayshore Park acquisition; focuses on luxury South Florida condo redevelopments and condo termination plays, the same playbook Mast employs.
• Terra Group: South Florida-based luxury residential and mixed-use developer with comparable branded condominium projects in Miami and Brickell. Overlaps directly with Mast's luxury condo for-sale residential pipeline.
• Crescent Heights: Long-established Miami-based luxury residential high-rise developer with extensive South Florida condo portfolio. Comparable vertical integration and ultra-luxury market positioning.
• Newgard Development Group: Miami-based residential developer led by Harvey Hernandez with focus on luxury condo and multifamily product in South Florida. Comparable scale, product mix, and geographic concentration.
• PMG (Property Markets Group): Miami-based luxury condominium developer with marquee branded projects (e.g., Aston Martin Residences, Waldorf Astoria). Same geographic focus, customer profile, and product category as Mast's Cipriani and Perigon projects.
• The Related Group: One of the largest Florida-based luxury residential and commercial developers, with deep South Florida condo pipeline, branded partnerships, and similar institutional JV structure. Directly comparable to Mast Capital in product type, geographic focus, and target customer base.
• Fortis Design + Build: Florida luxury custom home and boutique development firm. Smaller scale than Mast but operates in the same ultra-luxury South Florida segment with comparable design-forward positioning.

Broad incumbents

• Rockpoint Group: Boston-based real estate private equity firm and JV partner with Mast on multiple multifamily and Brickell projects. Substantially larger AUM and broader strategy but directly comparable on co-investment basis.
• AEW Capital Partners: Global real estate investment manager and JV partner with Mast on Waterline Miami River. Much larger diversified platform; relevant primarily as a capital partner comparable.
• Starwood Capital Group: Global real estate investment firm and JV partner with Mast on The Perigon. Operates a much broader portfolio across hospitality, multifamily, and real estate debt, with significant Florida exposure. Larger and more diversified than Mast but directly comparable in select luxury condo deals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/MastCapitalDev
• LinkedInlinkedin.com/company/mast-capital-inc
• Instagraminstagram.com/mastcapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Mast Capital