The real estate bug bit Scott Maslin shortly after he embarked on his first career as an attorney in New York. His most successful clients, he noticed, tended to focus on the same sector of investing. “I realized very quickly that I was making a lot of money for investors in real estate,” Maslin says. The idea intrigued him so much that he plotted a new course for his professional life, earning an MBA from Columbia Business School and taking a job at A&E Real Estate. A small company when he joined, it’s now one of NYC’s largest landlords focusing on workforce housing, which led Maslin to his next big idea. “It was interesting to see how you could find a building that was not well managed, take it over in an economically responsible way, and fundamentally change the lives of the tenants,” Maslin says. “All of a sudden, they enjoy living there, they enjoy working in that environment, they become happier, and it has a positive impact on their lives.” After working at A&E for several years, Maslin set off on his own, founding Woodglen Investments in 2015 with a focus on regions ripe for growth. “I describe [Woodglen] as an opportunistic value-add platform, which means we invest in everything real estate related: mortgages, multifamily, self-storage, senior living, retail, hospitality, you name it,” he says. “I’ve carved out a niche for finding community-significant investing.” Maslin landed on South Florida as his first target, anticipating that strong demand would increasingly push prices upward in an area hemmed in by the Atlantic on one side and the Everglades on the other. “I went to Boynton Beach and saw that not a lot of people are investing on the U.S. [Highway] 1 corridor and felt that there’s a lot of value between what’s happening in Delray and West Palm Beach,” Maslin says. “I quickly found out was that there was a really good social and community impact story there.” That story was Ocean Palm Plaza, a 3½ acre shopping center that was, at the time, dilapidated and almost completely vacant, with little interest from investors. “I didn’t shy away from some of the deals that my peers would run away from,” Maslin says. “The first deal I did in South Florida was Ocean Palm Plaza.”

[caption id="attachment_95393" align="alignleft" width="225"] Scott Wester[/caption] Leadership Broward’s popular “Serving Up Leadership” series begins its first 2023 event with guest speaker K. Scott Wester, president and CEO of Memorial Healthcare System, and moderator Shane Strum, president and CEO of Broward Health. The luncheon will last from...

The Ritz-Carlton Residences Palm Beach Gardens and local-based development, construction, and management firm Catalfumo Companies, recently launched the sales of 106 ultra-luxury condominiums, ranging from $4 million to $8 million, housed within three six-story buildings. Douglas Elliman Development Marketing manages the exclusive sales and marketing team for The Ritz-Carlton...