Added Joey Cohen, Smith’s fellow co-managing partner: “By our reckoning, the Miami area seems poised for a post-COVID-19 comeback, and that’s what attracted us to this site. This venue has a strong anchor, combined with a tenant base offering an appealing food-and-beverage mix.”
The purchase price of the retail property was not disclosed.
Regal Acquisitions is a privately held real estate investment firm based in New York City. Its portfolio of properties includes retail, hospitality, office and industrial assets. The company, which originated as a family office, has begun to expand its investor base and is aiming to grow its portfolio both within New York and in other major markets across the US, officials said.
The firm’s portfolio has included retail, office, hospitality and industrial assets. Under the leadership of partners Cohen, Smith and Sean Dainese, the company has been expanding its investor base and has also been growing its portfolio both within New York and in other major American markets. “Adopting a data-driven approach, the company deploys its technological resources to identify contrarian investment opportunities that deliver capital appreciation and preservation for its partners,” its corporate literature reads. Targeted investors include high-net-worth individuals, private equity firms and institutional investors.