Mast Capital on hunt for South Florida property
Mast Capital’s $29.5 million purchase of a Coconut Grove office building earlier this week could be a precursor to a flurry of acquisitions by the Miami Beach-based company.
Camilo Miguel, Mast’s CEO, told Daily Business Review the private equity fund is on the hunt for numerous South Florida properties. Mast partnered with Miami-based 13th Floor Investments and Greenwich, Conn.-based Wexford Capital for Monday’s acquisition of the 2699 South Bayshore Drive property.
Miguel said he is looking for off-market acquisitions in South Florida areas where development opportunities are scarce.
“We really pride ourselves in our ability to find opportunities by reaching out to owners and finding their needs,” he said. [Daily Business Review] — Eric Kalis