New York-based Adirondack Capital Partners and national firm Brennan Investment Group are significantly expanding their operations in Florida, signaling strong confidence in the state’s dynamic real estate market. This strategic expansion includes opening new offices and hiring key personnel to manage growing investment portfolios across the state’s prime urban and coastal areas.
Key Takeaways
- Adirondack Capital Partners has opened a new office in Miami Beach, led by newly appointed Partner Brittany Feinberg.
- Brennan Investment Group has expanded its Florida team with the addition of Senior Associate Berkley Bloodworth to focus on South Florida markets.
- Both firms are targeting high-growth sectors, including luxury condominiums, hotels, mixed-use developments, and industrial facilities.
Adirondack Capital Partners Establishes Miami Hub
Adirondack Capital Partners (ACP) has officially expanded its real estate investment platform into Florida, establishing a new office in Miami Beach. Brittany Feinberg has been promoted to Partner and will lead this strategic new location. The Miami office will serve as a crucial nexus for connecting investors, family offices, and developers with premier retail, multifamily, and mixed-use transactions throughout Florida.
Michael Hunter Coghill, Founder and Managing Partner of ACP, expressed enthusiasm for the expansion, stating, "Florida represents a major opportunity for our clients and our platform." Feinberg, now heading the Florida operations, brings nearly a decade of real estate capital markets experience, having previously worked on significant transactions totaling over $10 billion. ACP has already secured its first Florida transaction under contract: a $30 million, 16-acre waterfront development site on the west coast, slated for a luxury condo, hotel, and marina project.
Brennan Investment Group Strengthens South Florida Focus
Brennan Investment Group, a prominent real estate investment firm specializing in industrial facilities, is also expanding its Florida footprint. The firm has welcomed Berkley Bloodworth as a Senior Associate to its Florida team. Based in Southeast Florida, Bloodworth will be instrumental in sourcing new investment opportunities across Palm Beach, Miami-Dade, and Broward counties, with a particular focus on the Miami, Fort Lauderdale, and West Palm Beach markets.
Robert Krueger, Managing Principal at Brennan Investment Group, highlighted Bloodworth’s valuable market knowledge and established relationships as key assets for the firm’s expansion efforts. Bloodworth’s background in acquisitions and capital markets will be crucial as Brennan Investment Group identifies and executes on high-quality industrial investments in this competitive region. The firm’s strategy aligns with its goal to enhance its presence in high-conviction markets.
Market Momentum and Future Outlook
The influx of established investment firms into Florida underscores the state’s continued appeal as a prime market for real estate investment. Both ACP and Brennan Investment Group are leveraging the robust economic growth and favorable business environment that Florida offers. The expansion signifies a commitment to capitalizing on the surge of momentum across Florida’s urban and coastal areas, promising further development and investment opportunities in the coming years.