Century Asset Management

What Century Asset Management does

Century Asset Management is a Coral Gables, Florida-based private real estate investment and asset management firm founded in 2021 as a joint venture between Century Homebuilders Group, a US developer with 30+ years of South Florida experience, and Conconcreto, a Colombian construction and infrastructure firm with 60+ years of experience and approximately $2.5 billion in operations across Colombia, Panama, and the United States. The firm structures and manages closed-end real estate investment funds — both multifamily (rental with future sale) and residential for-sale — that develop single-family homes, townhomes, and apartment buildings in Miami-Dade County, with notable projects including the 735-unit CREF development in Doral and the 1,730+ unit Florida City Towncenter.

The company targets primarily Colombian and broader Latin American high-net-worth individuals and family entities seeking dollar-denominated exposure to US real estate without the operational complexity of establishing US legal entities. Investors can participate through tickets ranging from $100,000 (CREF, 8-year term, 13–15% target IRR) to $500,000 (Oasis, 2-year term, 18–21% target IRR), with capital collected in-country via the Bank of the República. The firm operates leanly with 1–10 employees across headquarters in Coral Gables and investor relations offices in Bogotá and Medellín, leveraging the vertically integrated construction and development capabilities of its two founding sponsors to execute projects without subcontracting major functions.

Revenue is generated through fund management fees and performance/carried interest on committed investor capital, supplemented by the development economics transferred to investors via fund structures. As of the most recent data, the firm reports approximately $49M in capital under management, $300M+ in projects under development, and a publicly disclosed incremental pipeline of roughly $280M over the following two years, including the $500M+ Florida City Towncenter project.

Name

Century Asset Management

Legal name

Century Asset Management

Website

https://centuryassetmanagement.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Century Asset Management is a Coral Gables-based private real estate investment firm, founded in 2021, that manages closed-end funds investing in South Florida multifamily and residential developments on behalf of Colombian and Latin American high-net-worth investors, backed by Century Homebuilders and Conconcreto.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239)

SIC

Investors, Nec (6799), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Real Estate Funds — Opportunistic / Development (FSANAEAI)

Keywords

• Real estate investment
• Asset management
• Multifamily development
• Private real estate funds
• Wealth management services

Headquarters

HQ city

Coral Gables

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Century Asset Management generates revenue through managing real estate investment funds, charging management fees and performance/carried interest based on fund returns. The firm structures funds with 8-year horizons for multifamily (targeting 13-15% IRR) and 2-year horizons for residential for sale (targeting 18-21% IRR). Returns are distributed to investors proportional to their capital contribution, with the manager earning fees on the capital raised.
2. Real Estate Development and Sales: The company develops residential and multifamily properties for sale or rental, generating revenue through the appreciation and sale of completed projects. Current residential projects include over 1,000 single-family homes and townhomes under construction in Miami Dade County. The company transfers asset appreciation to investors through its fund structures.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Century Asset Management manages private real estate investment funds that develop and operate multifamily rental and residential for-sale properties in South Florida, primarily Miami-Dade County. The firm structures pooled investment vehicles with multi-year terms and targeted IRRs, channeling capital from Latin American and U.S. high-net-worth investors into integrated development projects financed through its founding partners' construction and development capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Century Real Estate Fund (CREF): Multifamily investment fund targeting 13-15% IRR over 8 years, focusing on rental housing in Doral, Florida
• Oasis Fund
• Park Square Fund
• Park Villas Fund
• Estates Groves Fund

Products and services

• Century Real Estate Fund (CREF) An 8-year multifamily rental investment fund targeting 13-15% effective annual IRR, focused on building and operating 734+ apartment units in Doral, Florida, with future sale potential. Targets high-net-worth individuals and family offices.
• Park Square Fund I A 2-year residential for-sale fund (2024-2026) targeting 18-21% IRR, financing townhome and single-family developments in Homestead, Florida, with USD 250,000 minimum ticket. Targets high-net-worth individual investors.
• Oasis Fund A residential for-sale fund targeting 18-21% IRR over a 2-year horizon, with USD 500,000 minimum ticket, financing Century Royal Homes, Century Oasis, and Century Oasis Estates in Homestead, Florida. Targets high-net-worth individual investors.
• Gables Living Fund A multifamily real estate investment fund financing the Gables Living residential development in Coral Gables, Florida, designed for investors seeking exposure to South Florida rental housing.
• Florida City Towncenter A large-scale multifamily development project in Florida City comprising over 1,730 multifamily units and 200,000 square feet of retail space, representing the firm's most significant investment to date at over USD 500 million.
• Century Estates Groves A residential for-sale development of 54 single-family homes in Homestead, Florida, with total sales value of USD 37 million; sales launched in July 2024 with construction expected to begin April 2025.

Quantifiable outcome

• 13-15% effective annual return on multifamily investments (CREF fund)
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 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 flagship/founding partner.

• Conconcretoflagship/founding partnerStrategic or Co-development Partner · 1 January 2021Conconcreto is a leading Colombian construction and infrastructure company with over 60 years of experience and USD $2.5 billion in operations across Colombia, Panama, and the United States. As founding partner, Conconcreto provides construction expertise, commercial processes support, and access to capital markets. CEO Nicolás Jaramillo and former CEO Juan Luis Aristizábal serve on Century Asset Management's Investment Committee. Conconcreto's financial backing and operational expertise are foundational to CAM's credibility and capabilities.
• Century Homebuilders Groupflagship/founding partnerStrategic or Co-development Partner · 1 January 2021Century Homebuilders is a US-based real estate developer with over 30 years of experience specializing in residential and commercial developments in South Florida. As founding partner, Century Homebuilders provides local market expertise, development capabilities, and construction management for CAM's projects in Miami Dade County.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Tricon Residential: US-focused multifamily rental housing owner/operator with significant Sun Belt exposure (acquired by Blackstone in 2024). Overlaps with CAM on the multifamily rental thesis but operates at institutional scale with public-market capital.
• Related Group: One of the largest Miami-based residential and multifamily developers with a long history of international (particularly Latin American) investor sales. Operates in the same South Florida submarkets and shares CAM's overseas-buyer customer base, but at materially greater scale and with a much broader portfolio.
• Lennar Corporation: Largest US homebuilder by volume with an active Lennar International division that markets Florida residential product to Latin American buyers. While its business model is broader (public homebuilder), the residential-for-sale overlap in Miami Dade and the LatAm buyer channel make it a relevant incumbent comparable.
• Starwood Capital Group: Major global real estate private equity firm with deep multifamily and US Sun Belt exposure and large international LP base. Represents the institutional, scaled end of CAM's potential competitive set.

Regional players

• Terra Group: South Florida-based developer of master-planned residential and mixed-use communities (e.g., Miami Worldcenter). Comparable in regional focus and product type, though Terra Group is primarily a developer/principal rather than a fund manager for outside LPs.
• Five Point Holdings: Florida-focused master-planned community developer with large land positions in Florida. Operates in the same state regulatory and macro environment as CAM and shares the long-duration land-development thesis, though at materially larger scale and with public-market exposure.

Direct peers

• BH Group: Miami-based privately held real estate development and investment firm active in South Florida multifamily and luxury residential — comparable geography, asset mix, and private fund-raising model to CAM.
• Mast Capital: Miami-based real estate investment and development firm focused on South Florida multifamily and mixed-use projects, often in partnership with Latin American capital sources — directly comparable geography, asset class, and LP profile to CAM.
• Terra CRG: Panama-based real estate developer and investment platform with US and Latin American operations; runs pooled investment vehicles that channel regional capital into US real estate development — closely mirrors CAM's LatAm-to-US bridge model.

Emerging players

• The NRP Group: US-based developer, owner, and manager of multifamily rental housing with a national footprint. Comparable in development-plus-asset-management model but serves primarily domestic institutional capital rather than cross-border LatAm LPs.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/caminvestment
• Facebookfacebook.com/Century-Asset-Management-100088169702082

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 Century Asset Management