Who are the top retail real estate investors in Miami-Dade?
MMG Equity Partners is among the top retail real estate investment companies taking into consideration the acquisitions and investments made during the last five years in the county. MMG is a top real estate investor in Miami-Dade in terms of properties purchased and total investment dollars spent during this time.
What’s more, is that from an investment perspective Miami’s commercial real estate market has had consistent cap rates (~6%) for all CRE sectors, including retail, through the past few years making it a reliable place for investment firms and their capital.
Additionally, there is a fueled economy and growth due to the statewide influx of new residents, as Florida is 8th in the nation for population growth in the last decade with an increase of 14.5%. These factors make it a ripe place with solid returns for real estate investments and capital investors.
In order to provide some context to all of this, MMG Equity Partners put together some highlights of the retail real estate property investments made over the course of the past five years in Miami-Dade and surrounding areas.
View our commercial properties in Florida to see what real estate assets are available for lease/sale.
Top Retail Real Estate Investors Miami-Dade (Past 5 Years)
These are the Top Retail Real Estate Investors in Miami-Dade over the past 5 years and the total they invested in retail properties in that time. MMG is a top-5 retail real estate investor during this time with nearly $100M invested in properties around the metro area.
MMG differentiates itself from many of the firms here, because first and foremost it is based in Miami-Dade. The CRE experts at MMG know the area and its nuances extremely well. This provides investors with a deep understanding of what properties are truly worth in Miami-Dade County. Secondly, other companies on the list are either a REIT or private equity, while MMG is a family office that uses its own capital directly, and does not raise capital from external sources / investors.
1) Simon Property Group, Inc: ~$470M
2) Weingarten Realty Investors: ~$275M
3) Jamestown: ~$105M
4) MMG Equity Partners: ~$99M
5) Midtown Realty Group: ~$90M
6) Midtown Development: ~$79M
7) Publix Supermarkets Inc.: ~$75M
8) Black Creek Group – ~$70M
9) Sunshine Gasoline Distributors – ~$60M
10) Bomnin Automotive – ~$60M
Top Retail Real Estate Investors Miami-Dade by Transactions (Past 3 Years)
Below are the Top Retail Real Estate Investors in Miami-Dade over the past 3 years with the total amount of retail investment properties purchased during this time. MMG is also a top-5 retail real estate investor during this time with 12 properties purchased around the Miami-Dade metro area.
1) Brookfield Asset Management, Inc.: 15 retail properties
2) MMG Equity Partners: 12 retail properties
3) 7-Eleven, Inc. & IMC Equity Group: 10 retail properties
4) Lubert-Adler Partners, L.P., Sunshine Gasoline Distributors, Inc., Colliers International, Terra Group, Urbieta Oil, & High Line Real Estate Capital: 5 retail properties
MMG’s Retail Real Estate Investments 2017 – 2021
MMG Equity Partners has been an active player as a real estate investor in Miami-Dade with over 10 retail investments acquired in Miami-Dade County alone. The biggest acquisitions (in terms of value) from the list below are Kendall Corners, Centre at Cutler Bay, Naranja Plaza, and Westlake Plaza.
Furthermore, in May of 2021, MMG also just purchased Plantation Square for $12M. While Plantation Square is in Broward County (not Miami-Dade), it is a testament to MMG’s continued investment efforts in South Florida’s retail market overall.
Here are the most recent retail property purchases by MMG in chronological order:
1) Plantation Square (Broward County)
Purchase Price: $12,000,000
Date of Transaction: May, 2021
2) 601 71st St
Purchase Price: $3,875,000
Date of Transaction: December, 2020
3) Westlake Plaza
Purchase Price: $5,600,000
Date of Transaction: January, 2020
4) Naranja Plaza
Purchase Price: $7,100,000
Date of Transaction: January, 2020
5) Centre at Cutler Bay
Purchase Price: $16,000,000
Date of Transaction: October, 2019
6) 5850 Sunset
Purchase Price: $3,900,000
Date of Transaction: October, 2019
7) Payless Miami Gardens
Purchase Price: $1,025,000
Date of Transaction: July, 2019
8) Pinecrest Center
Purchase Price: $9,725,000
Date of Transaction: October, 2018
9) Racetrac Homestead
Purchase Price: $2,250,000
Date of Transaction: August, 2018
10) Pinecrest Shoppes
Purchase Price: $6,850,000
Date of Transaction: April, 2018
11) Natuzzi Fort Lauderdale (Broward County)
Purchase Price: $2,705,000
Date of Transaction: February, 2018
12) Meadows Square (Palm Beach County)
Purchase Price: $17,000,000
Date of Transaction: November, 2017
13) Ponce 1
Purchase Price: $1,850,000
Date of Transaction: March, 2017
14) Ponce 3
Purchase Price: $1,500,000
Date of Transaction: March, 2017
15) Kendall Corners
Purchase Price: $38,575,000
Date of Transaction: March, 2017