fbpx

Miami-Based Leste Real Estate Surpasses $3 Billion in Asset Valuation

The global independent alternative investment manager has deployed more than $400 million of capital since its inception.

Leste Group, a global independent alternative investment manager, announced that Leste Real Estate U.S. has exceeded $3 billion in asset value and has deployed over $400 million in capital since its inception. Leste Real Estate’s equity strategy has a portfolio of almost 40 assets, consisting of over 7,000 units in the residential, development, hotel and healthcare spaces throughout the U.S. Additionally, its credit strategy has completed close to 60 investments.

Leste has brought several knowledgeable professionals with institutional backgrounds on board to assist the firm’s speedy expansion. These include Chief Compliance Officer Joseph Reigadas, Head of Investor Relations Miguel Zablah, Real Estate Director Drew Kreikemeier, and Real Estate Associate Leticia Zanotti.

“Our investment team’s entrepreneurial approach, capital markets expertise, and ability to source unique opportunities has enabled Leste Real Estate to achieve impressive deal volume in just five years,” Stephan de Sabrit says, Managing Partner at Leste Group. “We have established a strong institutional presence and are well positioned to continue this pace of growth and capital deployment as we look to deliver risk-adjusted returns for investors.”

Stephan de Sabrit

Leste is seeking debt and equity investments in real estate assets encompassing core, value-add and development opportunities. The company targets stable cash flow and robust value creation through its multifamily strategies, investments in triple-net lease assets such as single-tenant healthcare properties, and providing bridge and term loans to real estate investors. In addition, Leste is also interested in acquiring industrial outdoor storage (“IOS”) properties. To streamline its strategy execution and enhance deal flow, the firm merged its real estate equity and credit teams earlier this year.

Recently, Leste has expanded its business by partnering with Opportunity Fundo de Investimento Imobiliário to form LORE Development Group. This partnership aims to develop multifamily residential units and condominiums in South Florida. LORE’s first property is located at 1015 SW 1st Avenue in Miami’s Brickell district, and it is a 500-unit property with 442,000 square feet of space. The estimated cost of the property is $500 million.

“Leste’s expansion and structural enhancements in real estate operations are strategically timed to support its continued growth,” said Emmanuel Hermann, CEO of Leste. “As we celebrate the remarkable achievements of recent years, we are proactively strengthening our firm to seize the distinctive opportunities that lie ahead.”

You May Also Like

PulteGroup Reveals Single-Family Community in Broward County

The national home builder purchased a 30-acre development site in Davie.

PMG Unveils One Twenty Brickell Residences 

The property will feature dedicated office suites and over 60,000 square feet amenities.

Discover This Stunning Three-Story Mediterranean Estate in Seven Isles

A gated three-story Mediterranean estate awaits, promising a world of grandeur that is truly unparalleled.

Forman Capital Provides $9.7 Million Refinancing Loan for Ultra-Luxury Spec Home in Palm Beach

The transaction aims to refinance the existing debt on the listed property.

Other Posts

Downtown Miami Condo Towers Begin Construction

The soldout property will include 606 turn-key residences, free of rental restrictions. 

More Than a Fat Chance

The development incorporates a mix of residential units, commercial establishments, and innovative workspaces to cultivate a dynamic and flourishing cultural center.

Compass Looks for Top Spot in Palm Beach County

Compass Florida doesn’t show any signs of relinquishing its No. 1 position in market share in South Florida. It has opened a new office in downtown Delray Beach and relocated

Newgard Development Group Unveils Plans for Newest Lifestyle Project: Natiivo Fort Lauderdale

The 40-story, 384-unit high-rise in downtown is designed for short-term rentals.

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.