SUNNY ESCAPE FROM IT ALL

May 21, 2020

How COVID-19 caused a new wave of migration to South Florida

The COVID-19 outbreak is not only transforming how we live, but also changing where we want to live our post-coronavirus life. For many people, South Florida with its year-round sun, cultural diversity, fabulous beaches, golf courses, and tax benefits has become their primary choice.

The coronavirus crisis has accelerated the new movements of affluent Americans to the Sunshine State. Cities in South Florida, including Fort Lauderdale, West Palm Beach, and, of course, Miami, were the most popular destinations in recent weeks. Florida’s governing officials reported an uptick of flights heading to Miami from New York in March. Real estate agents have also noticed a growing flow of potential wealthy buyers using their lockdown time to secure properties in Florida.

“South Florida continues to spark investors’ interest to move from high-tax states and find more desirable ‘quarantine’ destinations. Taking into consideration social and cultural shifts, I think that people are truly recognizing the value of the home where we are eating, sleeping, studying, playing, and working right now. Miami’s low relative density, world-class healthcare system, and focus on healthy living are attracting buyers more than ever before,” says Daniel Kodsi, CEO of Participant Capital and RPC, a leading private equity fund and large-scale real estate development firm.

Overall, more than 63,000 people moved from New York to Florida in 2017 alone, according to the U.S. Census Bureau. Miami is the number one fastest-growing luxury real estate market in the U.S. and the fifth in the world, booming with Latin American, Asian, Russian, and other foreign buyers looking for a safe haven for their money post-recession and a healthier, more stable, experienced-based lifestyle.

Daniel Kodsi calls this new standard “ROL” or Return on Life. RPC’s latest project – Legacy Hotel & Residences – includes the city’s first-of-its-kind medical and wellness center, designed to be “crisis-resistant” by utilizing touchless and keyless technologies like “voiceprints” and optical recognition to minimize co-mingled surface contact.

“Air purification, cleaning protocols, aromatherapies, lighting, and water filtration have been becoming brand standards for us for a while, and we’re continuing to innovate in this area,” said Daniel Kodsi in his recent interview to Forbes. “We’re even convinced that what we are doing with this facility during a pandemic like COVID-19 would remain open and be deemed ‘essential’ for the community. Health is now the new wealth.”


RETURNING TO THE OFFICE

April 28, 2020

Dear Colleagues,

As the U.S. federal government and businesses turn their attention to restarting the economy and lifting stay-at-home restrictions, companies are deploying a range of tactics to defend their workforces from COVID-19 and safely reopen their offices. Several states have already begun this process.

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‘THIS TIME IS DIFFERENT’

April 6, 2020

The U.S. banks have much stronger balance sheets than they did during the 2008 financial crisis. The Federal Government has responded to the COVID-19 impact quickly and with incredible measures giving financial institutions a significant cash reserve to be deployed and assist in the overall recovery of the country.

Here are the key messages that Daniel Kodsi, CEO of Participant Capital and RPC, addressed during his exclusive online presentation for Financial Advisors on April 2, 2020. His development company RPC has weathered multiple economic cycles over its 40-year history and in his view, the overall impact the Coronavirus is having on markets is not the same as the 2008 financial crisis.

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MARKET UPDATE: NAV GROWTH

March 20, 2020

The mounting economic toll of the COVID-19 (coronavirus) outbreak increases the importance of finding a source for alternative investments to avoid further declines and reduce exposure to market fluctuations. We are pleased to report that our Net Asset Value (“NAV”) continues to stay stable and increase during these challenging times.

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COVID-19 : A NOTE FROM THE CEO

March 18, 2020

Dear Colleagues,

Like so many of you, we are closely monitoring the global situation surrounding COVID-19. Through our relationships with government senior officials we have confirmed that a vast majority of people contracting the illness are not suffering serious health consequences when infected with the virus and that more drastic countermeasures are being put in place to secure the more elderly and at risk patients with pre-existing medical conditions.  The goal of the U.S. government is to set strict quarantines so that we do not overwhelm our healthcare system and have the required staff and caregivers to manage and help those in need. 

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ALTERNATIVE INVESTMENTS: DISRUPTING THE INDUSTRY

March 10, 2020

Participant Capital held its first Miami Investment Forum that convened over 200 financial advisors, CEOs, real estate experts from the U.S., Latin America, and beyond

Miami, FL, March 6, 2020. “We brought together the true disruptors of the financial industry to ask them to share their vision of the market,” said Claudio Izquierdo, Chief Operating Officer of Participant Capital, in his opening remarks at the Miami Investment Forum. This one-day closed event convened over 200 financial advisors, politicians, attorneys, real estate experts from the U.S., and Latin America at the PARAMOUNT Miami Worldcenter, the second largest development in the U.S.

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ALTERNATIVE INVESTMENTS AS A NEW TRADITION

December 16, 2019

Younger, wealthier, and coming from Asia. The profile of typical buyers in the premium second home resort market is dramatically changing. According to the latest Luxury Portfolio International research, while the baby boomers are traditionally buying second homes more often, the new group under 40 is fueling the premium market, creating a spotlight opportunity for sellers. That younger crowd accounts for almost half of interested buyers or at least half of those looking.

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PARTICIPANT CAPITAL ADVISORS UPGRADES ITS STATUS

November 18, 2019

Participant Capital Advisors, LLC, a Miami-based real estate investment firm, with over US$3B in projects under development, has announced today that it operates now as a Registered Investment Adviser in the State of Florida.

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THE RELIABLE VEHICLE FOR REAL ESTATE INVESTMENT: PRIVATE FUNDS OR REITS?

June 25, 2019

Real Estate Investment Trusts (REITs) are a diversified pool of assets that distribute quarterly dividends and have the potential to realize long-term capital appreciation making them appealing for an investment portfolio. But like most vehicles with high returns, they still carry additional risks that need to be considered. For some, investments in private real estate funds continue to be a good alternative investment strategy; here is why. 

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