In The News
Moderno and Gaia launch first phase of $300M single-family home fund for Miami’s urban core
The two firms launched a $150 million fund called MILAS, which stands for Miami land and single-family, to buy hundreds of homes and townhouses in neighborhoods in and near the city’s urban core, said Doron Broman, founder and CEO of Miami-based Moderno. They also plan a second $150 million phase next year.
Miami’s Design District Emerges as a Luxury Retail Powerhouse
Expansion on the Horizon
Plans are underway for a wave of new projects: two office towers, a block of luxury rental apartments, and a five-star Maybourne hotel. Robins and his partners are also eyeing a 15-block western expansion, ensuring the district’s continued evolution as a hub for fashion, food, art, and now real estate.
Developers launch $150 million venture to buy, renovate South Florida homes
MILAS (Miami Land and Single-Family) will capitalize on the shortage of supply
of single-family homes and townhouses in urban neighborhoods, said Doron
Bromon, CEO of Miami-based Moderno Development. It’s looking to purchase
older homes and either renovate them or replace them with new houses or
townhomes. MILAS has also purchased vacant home lots to develop.
Five Leading Cities for Renters and Five Standouts for Homeowners
Miami stands out as a city where renting is the prevailing choice, with nearly three-quarters of residents opting to lease rather than buy. The city’s 73 percent renter rate is fueled by high home prices—where the median home costs $649,900—and a dynamic urban culture that draws those seeking flexibility.
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Moderno & Gaia Bet $300M on Miami’s Single-Family Market
As Miami’s skyline continues to reach new heights with luxury condos, Moderno Development Group and Gaia Real Estate Holdings are shifting focus to the ground level. Their joint venture, MILAS (Miami Land and Single-family), is a $300 million fund aimed at revitalizing single-family homes in the city’s urban core. With the first $150 million phase underway, the partners plan to acquire and renovate approximately 400 homes, catering to the growing demand for high-quality rental properties in the area.
2025 is a renter’s market, experts say — but less so for this kind of property
Renters looking for a better deal may need to rethink the kind of properties they’re focused on in their search.
As of January, median single-family home rent prices are up about 41% since before the pandemic, according to a recent report by Zillow. Meanwhile, multi-family rents are up 26% in the same timeframe.
America's largest institutional homeowner is in a buying slump—how it’s pivoting in a tough market
Private equity firm Pretium Partners saw a decade-low in single-family home purchases last year. Now, it's pivoting more capital toward private homebuilder loans and acquiring Section 8 single-family rental properties.
Massive Miami makeover? 5,000 affordable apartments proposed for aging industrial area.
A gargantuan redevelopment proposal by a prominent Miami developer would dramatically reshape a nearly mile-long stretch of the city’s Little River and Little Haiti neighborhoods, bringing big-box stores, a new Tri-Rail station and nearly 5,000 affordable and workforce apartments to a hardscrabble area in dire need of new housing and jobs but leery of gentrification.
