What Prosper Group does

Prosper Group is a Miami-based private luxury real estate development firm founded in 2020 by Jay Roberts (formerly of Bank of America Merrill Lynch real estate investment banking) and operating as Prosper Op Co, LLC. The company acquires off-market trophy land in supply-constrained South Florida and Tampa waterfront submarkets — specifically Brickell, the Miami River corridor, North Bay Village, and Tampa's Water Street district — and co-develops ultra-luxury condominium and condo-hotel projects with international institutional partners including Versluys Group (Belgium), Forte Development, ARC Realty Group, and MG Developer.

The firm's current portfolio comprises four projects totaling 1,300+ units and approximately 3.2 million buildable square feet, with an estimated $2.8B aggregate sales value and $2.6B pre-development pipeline. Active projects include Hotel ORA Tampa ($675M, 627 hotel suites and 31 private residences, $200M+ in presales), Brickell River ($650M JV with Versluys Group, 60-story, 158-unit riverfront tower), North Bay Village Miami ($30.9M land, 141-unit 31-story condominium), and 1040 South Miami Avenue (80-story, 945-foot mixed-use tower co-developed with Forte Development, 250 condos, 48 condo-hotel units, 100 hotel rooms). Product differentiation centers on health-and-wellness amenities — IV infusions, cold plunges, infrared saunas, medical concierge, and longevity programming — layered onto trophy waterfront positions.

The business model combines one-time unit sales revenue (condos priced $742K–$1.5M, penthouses to $10M), one-time hotel room and condo-hotel unit sales, and co-development fee participation with institutional partners. Go-to-market is hybrid: accredited investor capital is raised under Rule 506(c) through direct outreach, international speaking engagements, podcast content, and a Calendly-scheduled investor network; end-buyer units are sold directly via project websites and sales offices. The firm is organized as a small 1–10 employee team with contracted brand-name architects, engineers, and legal counsel executing the development pipeline.

Name

Prosper Group

Legal name

Prosper Op Co, LLC

Website

https://prospergroup.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Prosper Group is a Miami-based private luxury real estate development firm that acquires trophy waterfront land in South Florida and Tampa and co-develops ultra-luxury condominium and condo-hotel projects with international institutional partners, targeting accredited investors and high-net-worth buyers.

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

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, Others

Revenue model

1. Residential Condo Sales: Sale of luxury residential condominium units to individual buyers. Units range from standard condos ($742,000-$1.5M) to luxury penthouses ($10M).
2. Hotel Room Sales: Sale of hotel rooms and condo-hotel units within mixed-use developments. Hotel ORA Tampa features 627 hotel suites.
3. Development Co-Fee Income: Co-development fees earned through partnerships with institutional partners such as Versluys Group, Forte Development, Arc Realty Group, and MG Developer.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Prosper Group is a Miami-based real estate development firm that develops ultra-luxury waterfront condominiums and mixed-use hospitality and residential assets in South Florida and Tampa. The firm partners with institutional co-developers to deliver high-rise projects featuring condo-hotel ownership models and health-and-wellness-focused amenities, selling units directly to end buyers while raising capital from a network of accredited investors.

Product overview

Prosper Group is a Miami-based luxury real estate development firm that operates as a single-product company focused on developing ultra-luxury waterfront condominiums and hospitality assets. The company specializes in trophy properties in South Florida and Tampa markets, with a portfolio of four distinct development projects: Brickell River (158-unit luxury condo tower on Miami River), Ora-Hotel Tampa (627-unit condo-hotel with flexible ownership model), North Bay Village Miami (141-unit waterfront residences), and 1040 S Miami Ave Miami (80-story mixed-use tower with residences and hotel component). The firm targets high-net-worth investors seeking to compound wealth through scarce, irreplaceable waterfront assets, offering investment opportunities with targeted 2.0x-3.0x equity multiples and 20%+ IRR.

Differentiator

Problem solved

Functional benefit

Products and services

• Brickell River Ultra-luxury waterfront condominium development located in the Brickell district of Miami, Florida. Targeted at end buyers and investors seeking trophy waterfront residences in a supply-constrained market.
• Ora-Hotel Tampa Luxury condo-hotel development in Tampa, Florida featuring a flexible condo-hotel ownership model that allows owners to use the unit personally or place it into the hotel rental program.
• North Bay Village Miami Waterfront luxury development located in North Bay Village, Miami, Florida. A residential high-rise project positioned to capitalize on the supply-constrained waterfront market of greater Miami.
• 1040 S Miami Ave Miami Luxury residential development located at 1040 South Miami Avenue in Miami, Florida. A high-rise project being developed by Prosper Group targeting end buyers and investors in the South Florida market.

Quantifiable outcome

• 167% Miami-Dade home price appreciation over the last decade, nearly 2.0x the national average
• +2 more outcomes

Named customers2 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

Feature2 records

Partnerships

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

• Versluys GroupflagshipStrategic or Co-development Partner · 22 October 2025Joint venture partnership with Belgian developer Versluys Group (led by CEO Bart Versluys and COO Peter De Decker) for the $650M Brickell Riverfront luxury condo tower. This is Versluys Group's first U.S. development. The project will be a 60-story, 158-unit branded high-rise with 300+ feet of river frontage at 99 SW 7th St, 66 SW 6th St, and 625 SW 1st Ave. Construction expected to complete in 2028.
• Forte DevelopmentflagshipStrategic or Co-development Partner · 5 May 2025Co-development partnership with Forte Development (led by founder/CEO Marius Fortelni) for the 80-story mixed-use tower at 1040 South Miami Avenue in Brickell. The project includes 250 condos, 48 condo-hotel units, and 100 hotel rooms in a 945-foot-tall building. Entity is 1040 S Miami Development LLC.
• MG DevelopercoreStrategic or Co-development Partner · 1 October 2024Joint acquisition partner with MG Developer for waterfront land in North Bay Village for $30.9 million. The project will be a 141-unit, 31-story ultra-luxury residential condominium.
• ARC Realty GroupcoreStrategic or Co-development Partner · 1 May 2024Co-development partnership with ARC Realty Group (co-founded by Luigi Novembre, COO) for Hotel ORA + Private Residences in Tampa, a $675M mixed-use development near Water Street district with 627 hotel suites and 31 private residences.
• Sunwest ConstructioncoreStrategic or Co-development PartnerDevelopment partner for Ora Hotel Tampa project, contributing to the $675M mixed-use development near Water Street Tampa.
• DeSimoneminorOthersStructural engineering firm listed in the development team for Prosper Group projects.
• Greenberg TraurigminorOthersLegal services firm listed in the development team for Prosper Group projects.
• ODP Architecture & DesignminorOthersArchitecture firm for 1040 South Miami Avenue tower and Brickell River projects.
• Brandon Haw ArchitectsminorOthersArchitecture firm for Brickell River project.
• Revuelta ArchitectsminorOthersArchitecture firm for North Bay Village Miami project.
• Adache Group ArchitectsminorOthersArchitecture firm for Ora Hotel Tampa project.
• Kimley-HornminorOthersEngineering firm listed in the development team for Prosper Group projects.
• UrbanRobotminorOthersArchitecture/design firm listed in the development team for Prosper Group projects.
• Eklund GomesminorOthersArchitecture/design firm listed in the development team for Prosper Group projects.
• SOCOTECminorOthersEngineering and testing services firm listed in the development team for Prosper Group projects.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CMC Group: Miami-based real estate firm developing ultra-luxury residential and mixed-use projects, including notable Brickell and Edgewater towers; directly comparable product and geography.
• Tricera Capital: Miami-based boutique condominium developer with a similar focus on trophy South Florida condo sites; operates in the same geographic and product niche as Prosper Group.
• Related Group: One of the largest Miami-based luxury condominium developers, with deep Brickell and South Florida condo expertise; directly comparable to Prosper's trophy waterfront condo and condo-hotel development focus.
• Mast Capital: Miami-based boutique real estate developer focused on luxury condominium and mixed-use projects; comparable to Prosper's trophy-asset, capital-partner-driven development model.
• Two Roads Development: Miami-based luxury condo developer (identified in Prosper's own data as the seller of the 66 SW 6th St Miami River site); competes for the same off-market Miami River/Brickell trophy sites.
• Aria Development Group: Miami condo developer focused on luxury residential towers in Brickell and surrounding neighborhoods; comparable buyer profile and unit price points to Prosper's developments.
• Fortune International Group: Miami-headquartered luxury condo developer especially active in Brickell and Sunny Isles Beach; overlaps with Prosper's waterfront condo strategy in the same supply-constrained submarkets.

Broad incumbents

• The Related Companies: Large national real estate developer with a major Miami footprint (Baccarat Residences, etc.); broader portfolio but overlaps heavily with Prosper's luxury condo and mixed-use development activity.
• Hines: Globally diversified real estate developer with major South Florida condo and mixed-use projects; broader scale and geographic scope, but operates in the same luxury waterfront product category in Florida.
• Starwood Capital Group: Global real estate investment firm with significant Florida hospitality and residential exposure; broader mandate but parallels Prosper's trophy-asset investment thesis and capital-partnership model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Prosper Group