Tricera Capital

What Tricera Capital does

Tricera Capital is a Miami-based real estate private equity firm founded in 2017 that invests in value-add urban retail and mixed-use properties across Florida. The firm operates a vertically integrated platform with in-house capabilities spanning acquisitions, capital markets, asset management, property management (added in 2023), and dispositions. Since inception, Tricera has acquired more than 30 retail and mixed-use assets totaling approximately 2.7 million square feet, reporting a 2.2x equity multiple and a 25% internal rate of return across its portfolio, with standout exits including Vice Retail (123.3% IRR, 3.4x EM) and Cube Wynwood (83.48% IRR, 2.72x EM).

Tricera targets deal sizes from $2 million to $250 million in Florida submarkets including Miami, Miami Beach, Wynwood, St. Petersburg, Tampa, West Palm Beach, Fort Lauderdale, Boca Raton, and Dania Beach. The firm sources off-market transactions through its integrated team and strategic partnerships with Related Group, LNDMRK Development, Scott Robins, and Philip Levine. Notable tenant relationships include Starbucks, Wells Fargo (44,000 SF lease expansion in Boca Raton), Memorial Healthcare, Schonfeld Strategic Advisors, and Curaleaf. In 2024, Tricera acquired 318-334 Lincoln Road in Miami Beach for $13.6 million in partnership with Scott Robins and Philip Levine.

The firm is led by Founder and CEO Ben Mandell, formerly Managing Director at RKF with $400 million+ in completed CRE transactions, alongside VP of Investments Mario Saldaña (Cornell-educated, previously at The Sterling Organization where he underwrote $2 billion+ of assets). Tricera raises capital from accredited investors and equity partners through a Juniper Square-powered investor portal. The company is privately held, founder-controlled, and does not publicly disclose financial statements; no institutional parent, venture capital, or private equity backing has been disclosed.

Name

Tricera Capital

Legal name

Tricera Capital

Website

https://triceracap.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Tricera Capital is a Miami-based real estate private equity firm founded in 2017 that invests in value-add urban retail and mixed-use properties across Florida through a vertically integrated platform. It serves accredited investors and equity partners, deploying deal sizes from $2 million to $250 million.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)

Keywords

• Value-add real estate
• Commercial real estate investment
• Mixed-use properties
• Urban retail investing
• Real estate private equity

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Investment Returns: Tricera Capital generates returns through value-add urban retail and mixed-use investments in Florida. Revenue comes from rental income, asset appreciation, and disposition gains. Target IRR of 15%-20% on 3 to 5 year holds.
2. Asset Management Fees: Revenue from managing investor capital through acquisitions, leasing, and property management operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Tricera Capital is a vertically integrated real estate private equity firm that acquires, manages, and disposes of value-add urban retail and mixed-use properties in Florida. The firm raises capital from accredited investors and equity partners to fund acquisitions with target deal sizes of $2M to $250M, targeting 15-20% IRR returns on 3 to 5 year holds. Operations are conducted through in-house teams spanning acquisitions, capital markets, asset management, property management, and dispositions.

Product overview

Tricera Capital operates as a vertically integrated real estate private equity firm offering a unified investment platform for value-add urban retail and mixed-use properties in Florida. The company's integrated platform encompasses acquisitions, capital markets, asset management, property management, and dispositions services, providing end-to-end investment management for retail and mixed-use assets with a focus on urban Florida markets including Miami Beach, Wynwood, St. Petersburg, and West Palm Beach.

Differentiator

Problem solved

Functional benefit

Products and services

• Value-Add Urban Retail and Mixed-Use Real Estate Investments

Quantifiable outcome

• 25% IRR achieved historically
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Scott RobinscoreStrategic or Co-development Partner · 1 August 2024Scott Robins partnered with Tricera Capital and Philip Levine to acquire Aby Rosen's Lincoln Road building at a significant discount.
• Philip LevinecoreStrategic or Co-development Partner · 1 August 2024Partnered with Tricera Capital and Scott Robins to acquire Lincoln Road building from Aby Rosen at discount.
• LNDMRK DevelopmentcoreStrategic or Co-development Partner · 10 August 2023LNDMRK Development partnered with Tricera Capital on Society Wynwood development and Cube Wynwd sale ($62M). Long-term strategic co-development partner in Miami market.
• Related GroupcoreStrategic or Co-development Partner · 13 April 2023Joint venture with Related Group and LNDMRK Development for Wynwood project, securing $165M refinancing. Co-development of The Dorsey property with Schonfeld Strategic Advisors lease expansion.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tricera-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Tricera Capital