Grass River

Name

Grass River

Legal name

Grass River

Website

https://grassriver.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

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, Supply Chain, Others

Revenue model

1. Real Estate Development and Property Sales: Grass River generates revenue through acquisition, development, repositioning, and sale of commercial real estate assets across multiple asset classes including multifamily, office, retail, and hotel properties.
2. Asset Management Fees: The firm manages investments for institutional investors, public companies, pension funds, and high-net-worth individuals, earning asset management fees on portfolios spanning several million square feet of assets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Grass River is a commercial real estate development and investment firm that acquires, develops, repositions, and sells multifamily, office, retail, and hotel properties in South Florida growth markets. The firm also provides asset management services to institutional investors, public companies, pension funds, and high-net-worth individuals, managing a diverse portfolio of several million square feet across asset classes. Its portfolio includes ground-up mixed-use developments, adaptive reuse conversions (e.g., office-to-hotel), and repositioning of underperforming retail centers.

Product overview

Grass River is a real estate development firm, not a technology company. The company develops, owns, and operates commercial real estate across multiple asset classes including multifamily, office, retail, and hotel properties in South Florida. Their portfolio consists of individual real estate properties such as Aloft Miami Airport hotel, CocoWalk retail center, Grove Central mixed-use development, Grove Station Tower multifamily building, and Shoppes of Wilton Manors retail property. No technology products, software, or digital services are offered.

Differentiator

Problem solved

Functional benefit

Products and services

• Aloft Miami Airport 125-key Aloft-branded hotel (Marriott) located northwest of Miami International Airport, developed through adaptive reuse conversion of a vacant 75,000 SF office building acquired in June 2014. Includes ground-lease outparcel to Pollo Tropical and standalone tandem retail building leased to Starbucks and Chipotle. Opened February 2017.
• CocoWalk 198,000 SF urban lifestyle retail center in Coconut Grove, Florida, redeveloped through a joint venture with Federal Realty and The Comras Company. Redevelopment included demolition of the eastern wing, construction of a four-story 80,000 SF Class A office building over ground floor retail, and repositioning of the remaining GLA through retenanting, rebranding, and capital improvements. Completed Q3 2020.
• Grove Central

Quantifiable outcome

• LNR's $1+ billion sale to affiliates of Starwood Capital in 2013
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Federal RealtycoreStrategic or Co-development Partner · 1 May 2015Federal Realty partnered with Grass River in a joint venture to purchase and redevelop CocoWalk, a 198,000 SF urban lifestyle retail center in Coconut Grove, Florida. The partnership completed the development in Q3 2020, including demolishing the eastern wing and building a four-story, 80,000 SF class A office building over ground floor retail.
• The Comras CompanycoreStrategic or Co-development Partner · 1 May 2015The Comras Company joined Federal Realty and Grass River as a joint venture partner for the CocoWalk redevelopment project. The development included repurposing the existing neighborhood town center through retenanting, rebranding, and substantial capital improvements.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Mast Capital: Miami-based real estate investment and development firm focused on South Florida opportunistic and value-add deals. Comparable to Grass River's repositioning strategy and regional concentration.
• Property Markets Group (PMG): South Florida-rooted developer of luxury residential and mixed-use projects. Comparable to Grass River in targeting South Florida growth corridors and partnering with institutional capital for development.
• Newgard Development Group: Miami-based luxury condominium and mixed-use developer with a similar focus on transit-oriented and urban infill projects in South Florida. Comparable in scale, geography, and repositioning orientation.
• Federal Realty Investment Trust: Public REIT and existing JV partner of Grass River on the CocoWalk redevelopment. Comparable in mixed-use and retail repositioning strategy and a direct operating partner in the South Florida market.
• Crescent Heights: Miami-headquartered residential and mixed-use developer active in South Florida luxury and multifamily markets. Comparable in regional focus and product type to Grass River's multifamily and mixed-use developments.
• Tricon Residential (Tricon Capital Group): Multifamily-focused real estate company investing in U.S. rental housing. Comparable to Grass River in the multifamily vertical and in sourcing institutional capital for development.
• Terra (Terranova Corporation): Miami-based real estate investment and development firm with deep South Florida roots across multifamily, retail, and mixed-use. Highly comparable to Grass River in geography, asset mix, and institutional investor base.

Broad incumbents

• Tishman Speyer: Global real estate developer and investor with mixed-use, office, and residential holdings. Broader geographic and product footprint than Grass River but comparable in institutional development and value-add approach.
• The Related Companies: Large national developer of mixed-use, affordable, and multifamily real estate including South Florida projects. Broader scale and portfolio than Grass River but directly comparable in product type and urban strategy.
• Lennar Corporation: One of the largest U.S. homebuilders with significant South Florida multifamily and mixed-use activity (Grass River principal Christian Cobb was previously at Lennar). Comparable as a broad incumbent in South Florida residential development.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Grass River