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South Florida Business and Wealth
South Florida Business & Wealth
Award Finalist

2023 Up and Comer Honoree: Michael Salafia

Meet Michael Salafia, Managing Partner of Stax Equity

Michael Salafia is the managing partner of Stax Equity, a next-generation private equity firm focusing on value-added single-tenant net lease retail assets. Salafia also serves as Head of Real Estate for SQRL Holdings, a multi-dimensional development program revolutionizing the convenience store industry through laser-precision-tactical service models. STAX Equity recently announced its new 6,000-square-foot space on Miami Beach. Founded in November of 2022, STAX Equity has deployed more than $100 million in investments year to date, creating over 400 jobs in nine states, including Florida, Texas, Arkansas, Tennessee, Alabama, Missouri, Wisconsin, North Carolina, and Kansas. In the last quarter, an average of forty new jobs were created each month through their construction projects across the U.S., which are funded through their investment strategy. On Miami Beach, its new headquarters opened up eleven high-paying professional jobs with six-figure salaries, and the firm plans to expand. STAX Equity leads the real estate division for SQRL Holdings, a multi-dimensional development program revolutionizing the convenience store industry through laser-precision-tactical service models. SQRL is a fast-growing national operator of service stations and convenience stores, with over 160 locations throughout 12 states. The gas stations are clean, well-lit, safe places to fill up with coffee-shop-like interiors, offering customers a refreshing place to grab food and drinks on the go. SQRL takes proven locations and makes them even better by putting quality service and offerings at the forefront. The operations team has decades of experience in the convenience store industry. Gas stations that STAX Equity builds and operates are so much more than just a place to fill up, but rather, safe places to eat, grab coffee, charge, etc.

Prior, Salafia was an award-winning member of Marcus & Millichap’s National Retail Group and National Net Leased Properties Group and spent nearly eleven years as the lead digital strategy advisor to an agency portfolio of Fortune 500 and privately held companies. While at CRE powerhouse Marcus & Millichap, Salafia quickly became a top agent, connecting CRE investors with investment-grade NNN properties in high-growth metros leased to the strongest names in retail. Michael is a licensed real estate broker and holds an MBA from Northeastern University, with undergrad studies in Finance at NEU and Babson College and post-grad workshops at Sloan MIT.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.