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Broward County Florida

Donald Trump Jr. Joins Forces for $1 Billion South Florida Real Estate Venture

[Donald Trump Jr.] at a South Florida real estate development.

Donald Trump Jr. is expanding his involvement in the South Florida real estate market through a new $1 billion fund. His investment firm, 1789 Capital, is partnering with local developer Frisbie Group to target acquisitions and development projects, primarily in Palm Beach and Boca Raton.

Key Takeaways

  • 1789 Capital, with Donald Trump Jr. as a partner, is launching a significant real estate fund.
  • The fund aims to raise $1 billion for South Florida properties.
  • The partnership with Frisbie Group marks 1789 Capital’s entry into commercial real estate.

A New Real Estate Push

1789 Capital, an investment firm co-founded by Omeed Malik and in which Donald Trump Jr. became a partner in November, is set to launch a substantial real estate fund. The firm is reportedly in talks to raise approximately $1 billion, with a strategic focus on property development and acquisitions within South Florida. This initiative will primarily concentrate on lucrative markets such as Palm Beach and Boca Raton.

Partnership with Frisbie Group

The venture involves a collaboration with the established local developer, Frisbie Group. Cody Crowell, who leads Frisbie Group alongside Rob Frisbie Jr., confirmed the partnership. This collaboration signifies 1789 Capital’s first significant foray into the commercial real estate sector. While details remain scarce, the fund’s capital is intended for deployment in new or existing developments.

1789 Capital’s Mission and Other Ventures

Founded by Omeed Malik, who also sits on Fannie Mae’s board of directors, 1789 Capital has previously described its mission with an "anti-woke" stance, a message that resonates with a segment of President Donald Trump’s supporters. The firm’s inaugural fund reportedly raised around $1.3 billion. Beyond real estate, 1789 Capital has been involved in diverse investments, including the controversial Enhanced Games, an online betting platform called Polymarket (where Trump Jr. also serves on the board), defense startups, and ventures associated with Elon Musk.

South Florida’s Real Estate Landscape

This new fund adds to the significant real estate presence in South Florida associated with the Trump family. Donald Trump’s own portfolio includes prominent properties like Mar-a-Lago, golf courses in Doral and West Palm Beach, and approvals for new luxury condo developments. The Trump Organization, led by Donald Trump Jr. and Eric Trump, continues to pursue new projects globally.

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