Location Ventures

What Location Ventures does

Location Ventures was a privately held, integrated real estate development firm founded in 2017 by Rishi Kapoor and headquartered in Coral Gables, Florida, with secondary offices in Fort Lauderdale, Coconut Grove, and Miami Beach. The firm operated an end-to-end platform — from acquisition and design through construction, marketing, and active management — across four product lines: ultra-luxury for-sale condos (Villa Valencia in Coral Gables; The EDITION Residences Fort Lauderdale), single-family luxury homes (8325 Cheryl Lane in Ponce Davis; 3620 Stewart Avenue in Coconut Grove), multi-family rental and co-living (Orduna Court near the University of Miami; Commodore Inn the Grove), and the proprietary URBIN co-live/co-work/wellness sub-brand, supplemented by the FORUM coworking space in Downtown Coral Gables. Underlying technology centered on premium building systems rather than software: Savant home automation, DELOS Darwin wellness intelligence (the claimed world's first home wellness system in a residential building), circadian lighting, and air/water purification, all wrapped in a four-pillar design philosophy of design, nature, technology, and wellness.

Revenue came from a mix of one-time condo and home sales (units from $1.65M to $14.9M at Villa Valencia, with 95% sold and $100M+ closed at a Coral Gables record ~$1,100/sq ft) and recurring membership subscriptions for URBIN co-living (from $1,000/month furnished units) and URBIN/FORUM coworking (from $200-350/month). The GTM motion combined luxury broker partnerships — One Sotheby's International Realty held exclusive sales on Villa Valencia — with direct-to-consumer subscription marketing for URBIN and FORUM. Cumulative capital raised included $85M for URBIN, a $45M Villa Valencia construction loan, a $12M BGI Capital construction loan, $14.4M in equity for Fort Lauderdale, and $23M from an early URBIN investor group. Total active pipeline was valued at roughly $400M between Coral Gables and Coconut Grove.

In March 2023 the SEC filed civil fraud charges against CEO Rishi Kapoor alleging misappropriation of investor funds (reported as up to $93M) for personal use; he was barred for five years from serving as an officer or director of securities issuers. By March 2026 Kapoor had been arrested on federal fraud charges, and Location Ventures and URBIN collapsed under court-supervised liquidation with court-appointed receiver Bernice Lee disposing of remaining assets. The firm is no longer operating.

Name

Location Ventures

Legal name

Location Ventures

Website

https://location.ventures

Company type

Private

Founded year

2017

Operating status

Closed

Headcount range

1–10 employees

Short description

Location Ventures was a South Florida integrated real estate developer founded in 2017 that built ultra-luxury condos (Villa Valencia, EDITION Residences), single-family homes, and the URBIN co-living/co-working/wellness platform; the firm collapsed into court-supervised liquidation in 2026 after SEC and federal fraud charges against its CEO.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Traveler Accommodation (7211)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Remote/Alternative Accommodation Management (Cabins, Tiny Homes, Glamping) (BPAJAIAG)

akta.pro secondary industry

Corporate Extended-Stay Housing (Relocation & Project-Based) (THAMAFAA)

Keywords

• Luxury real estate development
• Residential property development
• Co-living spaces
• Co-working spaces
• Mixed-use development

Headquarters

HQ city

Flushing

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Luxury Condominium Sales: Sale of ultra-luxury boutique condo residences (Villa Valencia). Units sold from $1.65M to $14.9M. Achieved $100M+ in closed sales on Villa Valencia alone. Condos were delivered fully finished with prices averaging $1,100/sq ft — a neighborhood record.
2. URBIN Co-Living and Co-Working Memberships: Monthly membership fees for co-living furnished units (from $1,000/mo) and co-working desk spaces (from $200-350/mo). Amenities across the platform include gym, spa, storage, communal areas alongside opt-in services such as meal service, housekeeping, and personal training. Mixed-use model with both rental and for-sale units.
3. FORUM Coworking Memberships: Various membership levels for coworking space in Downtown Coral Gables targeting entrepreneurs, freelancers, startups and enterprise businesses. All-inclusive rates and turn-key services. Included business support services as part of membership differentiation.
4. Multi-Family Rental Income (Orduna Court): Renovation and rental of multi-family property near University of Miami. Units rented by bed in co-living arrangement at $2,950–$5,000/mo range. Fully leased property generating above-market rental income.
5. Single-Family Development and Sales: Construction and sale of ultra-luxury personal resort single-family homes. 8325 Cheryl Lane sold for $11.8M (May 2021) — record-breaking for a non-waterfront lot in the area. 3620 Stewart Ave under construction.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core offering

Location Ventures is an integrated real estate development firm that develops, builds, manages, and markets residential and mixed-use properties across South Florida. The company's portfolio spans ultra-luxury condominiums (Villa Valencia, The EDITION Residences Fort Lauderdale), single-family luxury homes, multi-family residences, and a proprietary co-living, co-working, and wellness platform branded as URBIN with an associated coworking concept called FORUM.

Product overview

Location Ventures is an integrated real estate development firm offering a diversified portfolio of residential and mixed-use products across South Florida. The company's offerings span ultra-luxury condo developments (Villa Valencia, The EDITION Residences Fort Lauderdale), single-family luxury homes (8325 Cheryl Lane, 3620 Stewart Avenue), multi-family properties (Orduna Court, Commodore Inn the Grove), and innovative co-living/co-working spaces under the URBIN and FORUM sub-brands. The URBIN platform represents the company's technology-enabled co-live, work, and wellness concept, while FORUM provides elevated coworking services. Projects are concentrated in Coral Gables, Coconut Grove, Miami Beach, and Fort Lauderdale.

Differentiator

Problem solved

Functional benefit

Brands

• URBIN: Co-live, co-work, and wellness platform offering residential and commercial spaces with membership-based access to amenities, coworking desks, and co-living units in South Florida locations.

Products and services

• Villa Valencia A distinguished collection of 39 ultra-luxury residences in Coral Gables, completed in May 2022. Features Mediterranean-inspired design with wellness amenities including hammam, steam room, hydrotherapy pools, and golf simulator. World's first residential building to integrate the DELOS Darwin wellness intelligence system.
• The EDITION Residences Fort Lauderdale 65 luxury residences in an 11-story dual-story waterfront building on Fort Lauderdale Beach, designed by Garcia Stromberg with interiors by CLODAGH. Features wellness program, spa with hammam, steam and sauna, resort-style pool, and lap pool. Operated under Marriott/EDITION Hotels brand partnership.
• 8325 Cheryl Lane Luxury personal resort in Ponce Davis, Miami, featuring 6 bedrooms, 7 bathrooms, 3 half bathrooms, media room, and home spa program with hammam and hydrotherapy pool. Sold in May 2021 for $11.8 million, a record for a non-waterfront lot.
• 3620 Stewart Avenue A four-floor luxury personal resort in a gated area of Coconut Grove spanning 10,000 square feet with 4 bedrooms and 4 bathrooms. Designed by architect Max Strang, featuring rooftop sky terrace, hammam, wet spa, and resort-style pool.
• Orduna Court A tropical-modern boutique building with 24 spacious 2- and 3-bedroom units near the University of Miami in Coral Gables. Features resort-style pool, BBQ area, smart home technology, and secure covered parking garage. Rented by the bed in co-living arrangement; subsequently sold for $14.7M.
• URBIN A co-live, work, and wellness platform offering mixed-use residential and commercial properties with membership-based access. URBIN provides co-living bedrooms, studios, suites, co-working spaces, and wellness amenities across South Florida locations including Coral Gables, Coconut Grove, and Miami Beach. Co-living units start at $1,000/month and co-working desks start at $200-350/month.
• FORUM A mindfully-designed collaborative coworking environment in downtown Coral Gables offering various membership levels for entrepreneurs, freelancers, startups, and enterprise businesses. Provides workspace, meeting rooms, business support services, and technology infrastructure with all-inclusive rates.
• Commodore Inn the Grove Extended-stay housing facility with 20 temporary and corporate short-term or long-term furnished apartments in Coconut Grove. Features full-size equipped kitchens, in-unit washer/dryer, free WiFi, and secure parking.

Quantifiable outcome

• Villa Valencia achieved ~$1,100/sq ft average sale price — a Coral Gables neighborhood record
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• ArquitectonicacoreStrategic or Co-development PartnerArchitecture firm awarded the architecture contract for URBIN Coral Gables and URBIN Coconut Grove projects. Reimagining office buildings into co-living and co-working spaces. Arquitectonica's involvement lends significant architectural credibility to URBIN's design vision.
• Touzet StudiocoreStrategic or Co-development PartnerArchitecture firm awarded the architecture contract for URBIN Miami Beach Retreat project on Washington Avenue. Submitted proposals to Miami Beach Historic Preservation Board and Planning Board. Led by Founding Principal Jacqueline Gonzalez Touzet.
• One Sotheby's International RealtycoreChannel Partner/ Reseller/ DistributorExclusive sales and marketing broker for Villa Valencia luxury condo project. Led by President Daniel de la Vega, Senior Vice President Jorge Uribe (Villa Valencia Sales Director), and Executive Vice President Fernando de Nuñez y Lugones. Accountable for selling 39 units at prices averaging $1,100/sq ft — a Coral Gables record.
• Hamed Rodriguez ArchitectsminorStrategic or Co-development PartnerArchitecture firm for Villa Valencia — a 13-story, 39-unit boutique luxury condo building in Coral Gables. Responsible for the architectural design of the Mediterranean-inspired residential tower.
• CMA Design Studio (Cesar Molina)minorStrategic or Co-development PartnerInterior designer for Villa Valencia and designer of 8325 Cheryl Lane single-family home. Led by Cesar Molina, the studio created tropical modern interior spaces with European fixtures and finishes for Location Ventures' luxury projects.
• Max Strang / [STRANG] architectureminorStrategic or Co-development PartnerLead architect for 3620 Stewart Avenue luxury single-family home in Coconut Grove. Modernist architect responsible for the four-floor luxury personal resort design spanning 10,000 square feet.
• DELOScoreStrategic or Co-development PartnerWellness technology partner for Villa Valencia, providing the Darwin wellness intelligence system — claimed as the world's first home wellness intelligence system deployed in a residential building. Partnership covers air quality, lighting, and water purification technology integration.
• HEDsouthcoreStrategic or Co-development PartnerWellness technology collaboration partner for Villa Valencia. Partnered with DELOS to implement comprehensive wellness systems in the residential environment, providing natural wellness technology solutions for elevated living.
• Marriott Hotels / EDITION HotelscoreStrategic or Co-development PartnerBranded residence partnership for The EDITION Residences Fort Lauderdale. A 65-residence luxury condo project on Fort Lauderdale Beach using the EDITION Hotels brand, designed by Garcia Stromberg. This marks EDITION Hotels' expansion into stand-alone luxury residences.
• CLODAGHminorStrategic or Co-development PartnerInterior designer for The EDITION Residences Fort Lauderdale, responsible for designing the interiors of the 65-residence luxury waterfront condo project on Fort Lauderdale Beach.
• Janie Flores / 880 The BizminorGTM or Marketing PartnerHost of 'Janie Flores Live' podcast on Miami area Bloomberg Financial affiliate station 880 The Biz. Interviewed Rishi Kapoor about FORUM coworking and the coworking market's future, providing marketing exposure for the brand.

Scale indicators20 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Industrious: Industrious is a premium flexible workspace operator offering coworking and office suites for entrepreneurs, freelancers, and enterprises. Directly comparable to FORUM coworking's positioning in Downtown Coral Gables with all-inclusive membership tiers and business support services.
• Blueground: Blueground operates a global network of furnished, tech-enabled apartments on flexible 30+ day leases. Comparable to URBIN's furnished rental model and to the lease-back program allowing URBIN owners up to 90 nights/year of personal use.
• The Related Group: The Related Group is one of the largest luxury and ultra-luxury condominium developers in South Florida, with a deep portfolio of branded condo projects in Miami, Coral Gables, and Fort Lauderdale. Most directly comparable to Location Ventures for its ultra-luxury Coral Gables condo development and record-setting per-square-foot pricing strategy.
• Property Markets Group (PMG): PMG is a South Florida-based luxury and ultra-luxury condo developer with marquee Miami and Fort Lauderdale projects (e.g., Aston Martin Residences, Waldorf Astoria Residences). Closely comparable to Location Ventures for branded-residence partnerships, ultra-luxury Coral Gables/Miami Beach pricing strategy, and reliance on marquee design partners.
• The Estate Companies: South Florida-based luxury residential developer focused on ultra-luxury condo and single-family estate product in Miami-Dade and Fort Lauderdale. Comparable to Location Ventures for boutique-scale ultra-luxury condo delivery, record pricing achieved per square foot, and similar product positioning to affluent downsizers.
• Common: Common is a co-living operator offering shared and private furnished suites in urban neighborhoods across the U.S. Directly comparable to URBIN's co-living product (furnished units from $1,000/month, flexible terms, amenity bundles) and to Location Ventures' membership-based approach for urban professionals priced out of premium neighborhoods.
• Ollie: Ollie operates fully furnished co-living apartments in major U.S. cities targeting young professionals and students. Closely comparable to URBIN's furnished co-living model and to Orduna Court's by-the-bed student housing near University of Miami.

Broad incumbents

• WeWork: WeWork is the largest global coworking and flexible office operator with extensive membership-based workspace offerings. Comparable as a broad incumbent in the same coworking category as FORUM and URBIN co-work, although at a vastly different scale and price point.
• Marriott International (EDITION brand): Marriott International is a global lodging giant and parent of the EDITION luxury lifestyle brand, which Location Ventures partnered with for The EDITION Residences Fort Lauderdale. Comparable as a strategic brand-and-residential partner relevant to Location Ventures' branded-residence development model.

Emerging players

• Quarters: Quarters is a co-living operator providing furnished shared apartments with flexible terms in select U.S. cities. Comparable to URBIN's flexible-term, amenitized furnished rental product targeting mobile urban professionals.

Market position

Weaknesses3 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/LocationVentures
• Instagraminstagram.com/locationventures

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Location Ventures