Our Roots
Participant Capital was founded by Daniel Kodsi to give private investors access to institutional-grade real estate development opportunities. Built on the success of Royal Palm Companies, the firm leverages RPC’s deal flow and development expertise while operating independently.
Our Evolution
Participant Capital has decades of experience managing third-party real estate investments. Founded in 2011 to capitalize on opportunities from the global financial crisis, the firm restructured over $500 million in real estate and repositioned more than 2,000 single-family homes. By 2015, it was investing alongside institutions in large-scale developments and, in 2017, began launching private real estate funds for individual investors in both domestic and international markets.
Participant Today
Participant Capital Advisors, LLC is a registered investment adviser offering domestic and offshore funds across the U.S., Cayman Islands, Latin America, and Europe. Its funds allow private investors to access mixed-use, multifamily, and hospitality developments—primarily in Florida and the Sun Belt—alongside Royal Palm Companies and institutional partners.
Our Team
Our Firm
Our Development Affiliate
Participant Capital is affiliated with the Royal Palm Companies, a Florida based development company known for its development of large scale mixed-use, multi family, residential and hospitality projects. The Participant Capital leadership team, in affiliation with Royal Palm Companies (RPC) has:
1978
RPC Founded
$5B+
Real Estate Assets Developed, Repositioned, and Under Construction
10K+
Units delivered in Residential & Mixed-Use Environments
50+
Developed/Repositioned Properties
18M+
Sq. Ft. of Mixed-use, multi family, residential, and commercial real estate development
12K+
Access to a Global Broker Network of Individuals
Global Partners
Participant Capital is a Registered Investment Advisor (RIA), registered with the U.S. Securities and Exchange Commission (SEC), which oversees all company transactions to ensure full regulatory compliance. To reinforce trust and transparency, Participant Capital partners with a variety of globally recognized, top-tier firms across legal, auditing, accounting, and fund administration. These independent third-party service providers deliver institutional-grade oversight, ensuring that all operations adhere to the highest standards of accountability and governance.
Investment Strategy
Participant Capital invests in ground-up, value-add, and distressed real estate across high-growth Sun Belt markets like Florida. Its portfolio spans mixed-use, multifamily, residential, hospitality, commercial, and medical office assets, with a focus on urban renewal and Class A/B multifamily projects. Notable developments include Legacy Hotel & Residences in Miami, the Assemblage in St. Petersburg, and Elevate in Dania Beach. Through strategic partnerships, Participant offers early-stage, institutional-quality real estate opportunities typically reserved for private equity investors.
Participant Capital partners with top-tier real estate developers, including its integrated affiliate Royal Palm Companies. Its strategy gives individual investors access to landmark U.S. development projects featuring some of the world’s most prestigious residential and hotel brands.
Target Markets
Why invest in U.S. real estate?
With a GDP of over 20.81 trillion according to the 2020 International Monetary Fund estimates, the U.S. economy remains the world’s largest and continues to thrive in the wake of yet another global crisis. While other developed economies languish with an aging population, the U.S. economy is bolstered by strong economic fundamentals, moderate population growth and stable migration.
Changing Demographic Trends
In the U.S., a major southern migration is underway, brought on by a confluence of factors, including a versatile and increasingly remote workforce, an aging baby boomer population seeking to retire in tax-friendly warm environments and the rising affluence of millennials. This demographic shift has created a housing and hospitality shortage in the most desirable housing markets of Florida and the most tax-friendly U.S. jurisdiction, Puerto Rico.
Participating in the Future of Real Estate
The Participant Capital management team has a long history managing development projects in these markets. It enjoys exceptional access to real estate opportunities and large urban renewal projects such as the Miami Worldcenter. The Miami Worldcenter is on track to be the second-largest urban development in the United States. Participant Capital has participated in this project via its investment in the Legacy Hotel & Residences, an estimated $440 million RPC development project.
Separately, RPC developed the PARAMOUNT Miami Worldcenter, a mixed-use residential building with the “most amenities in the world.” Today, Participant is allocating investment funds to the Grand Reserve Puerto Rico, a $3 billion project to develop a 946.3 acre peninsula in Puerto Rico.
