Camilo Miguel Jr.

The Miami native, a smooth-talking developer with a reputation for his attention to details, founded the Coconut Grove-based firm that primarily develops condo and apartment projects in 2006, eventually building a $4 billion portfolio. 

Before that, Miguel led Vertica Group and co-founded Clear Title Group, a title insurance company. Mast Capital’s current portfolio includes the Perigon Miami Beach, an oceanfront condo building, with its partner, Barry Sternlicht’s Starwood Capital Group; and the Cipriani-branded condo tower in Brickell. 

Last fall, Mast and its partner AEW Capital Management sold the Remi on the River apartment building on the Miami River for $108.4 million to Valeris Capital. Miguel is also involved in condo buyouts, a complicated and lengthy process that developers are increasingly considering in order to redevelop aging condo buildings into luxury towers. There have been some hitches, with Mast locked in litigation with sellers at the Amethyst condo building, next to its Perigon project, in Miami Beach. The firm was accused of tying up sellers in contracts that allow the developer to extend their closing dates in perpetuity. At another property, Miguel was more successful. Mast teamed up with BH Group to buy the majority of units at a Coconut Grove condo building they plan to redevelop. The bulk deal closed in 2025 and the developers have not yet released their plans. 

— Katherine Kallergis