Scott Maslin, Principal of Woodglen Investments, Is Finding Real Estate Success in Overlooked Neighborhoods

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.”

Working with local political, community and business leaders, Woodglen revitalized the property through enhancements to the plaza, interior and exterior refurbishments, landscaping, and other improvements, increasing occupancy from under 5% to 95%. As a validation of Maslin’s approach, Woodglen sold Ocean Palm Plaza for $7.2 million ($200 per square foot) in December 2021.

“The way that I did that was, obviously, buying it correctly and being able to foresee the issues that were going to pop up, but also working with the communities to understand what they wanted,” Maslin says. “It cost more to build it in the way that the community wanted than otherwise, but the end result was worth it.”

The success of that deal spurred Maslin toward more investments that are “socially impactful in a positive business sense,” as he puts it, with several South Florida projects in the works. “Some of the socially impactful things we’re doing include developing another property that’s in for approvals now in West Palm Beach in the Good Samaritan Hospital/U.S. 1 corridor,” Maslin says. “That area of the city hasn’t seen impactful development in decades.”

Another big area for growth in south Florida real estate: self-storage.

“Self-storage has historically done well in downturns and has a very high growth rate, so we’re looking at pockets of Palm Beach County where growth has not kept up,” he explains. “We’re making bets on corridors that are underdeveloped and actively purchasing small multifamily buildings that have potential for redevelopment.”

According to Maslin, one of the biggest keys to Woodglen’s success is its lean workforce. “We’ve kept our business nimble to take advantage of a wide array of opportunities that not many investment companies of our size are able to do,” Maslin says. “When we find an opportunity, we find the best-in-class consultants to supplement our staff.”

While South Florida is currently its primary focus, the company also has investments in New York, northern California, and Jackson, Wyoming. According to Maslin, Woodglen has enjoyed an internal rate of return of between 30% and 40% over its lifespan, with current assets under management of between $150 million and $200 million.

Yet it’s the positive changes his firm’s investments have made in communities that make him proudest. “Finding opportunities that are socially impactful and economically sustainable makes me feel really passionate about the business,” Maslin says. “And it makes me feel good when I explain to my children what I do for a living.”

You May Also Like
Exquisite Waterfront Estate in Fort Lauderdale Features Unrivaled Amenities

Contemporary design, open-concept living, smart technology and deep waterfront access make this unparalleled residence conducive to today’s modern lifestyle.

Read More
waterfront estate in Fort Lauderdale
Berkadia Secures $400 Million Loan for Exclusive Fisher Island Condo

The financing will be used to construct The Residences at Six Fisher Island.

Read More
Fisher Island Condo
Other Posts
Star Developers Group Unveils One Hollywood Residences

Fortune Development Sales is the exclusive sales and marketing partner.

Read More
One Hollywood Residences
Exclusive Luxury Living With World-Class Design at Waldorf Astoria Residences Pompano Beach

The property is designed as a homage to the iconic Waldorf Astoria brand.

Read More
Waldorf Astoria Residences Pompano Beach
Exclusive Oceanfront Estate in Golden Beach Lists for $55 Million

The Mediterranean-inspired property offers unparalleled ocean views.

Read More
Oceanfront Estate
Society Wynwood Miami Celebrates Arrival of Inaugural Residents

The luxury property represents the continued growth of PMG’s national multifamily Society Living portfolio.

Read More
Society Wynwood

Drew Limsky

Drew Limsky



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.