The Firm

Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. Mast has made successful acquisitions in the residential, hospitality, office, retail and land sectors, and targets opportunistic and value-add investments in existing property, ground-up development, distressed real estate, and note purchases. Mast’s robust infrastructure provides institutional-quality management in all facets of the investment process, while its discretionary capital sources allow Mast to act quickly compared to its competitors.

Investment Philosophy

Mast’s overarching investment philosophy is to maximize risk-adjusted returns for each investment and employ a holistic approach to value creation, which includes aggressive asset management, preservation of optionality, and continual exit evaluation. Mast believes that adherence to its investment philosophy has enabled it to make a series of successful investments through various market cycles. 

Investment Process

Mast utilizes a thorough and disciplined investment process, tested and proven over years of experience. Mast begins the acquisition process by leveraging its market intelligence, which allows it to identify favorable opportunities through its carefully cultivated network.  Mast conducts comprehensive analyses to identify and stress-test key variables to protect against downside scenarios. After completing its diligence, Mast employs a sophisticated approach to structuring its acquisitions, maximizing value to its investors while providing creativity and flexibility to sellers and other third-parties to effectuate often complex transactions. Once an investment is closed, Mast continually assesses its operations to uncover value creation opportunities and execute the business plan.

Our Team

Mast is privately held and led by a senior management team with over 60 years of combined real estate experience and transactions totaling more than $3.5 billion. The Firm is headquartered in Miami and is 100% dedicated to real estate investment and development.

Camilo Miguel Jr.
Chief Executive Officer and Founder
Matthew Adler
Chief Investment Officer
Eric Fordin
Executive Vice President and Managing Director, Development

Camilo Miguel Jr.

Chief Executive Officer and Founder
Mr. Miguel founded Mast Capital in 2006 and serves as its Chief Executive Officer.  He has ultimate responsibility for Mast Capital’s investment strategy, risk management and operations.

He has an extensive real estate, financial and political network, with expertise in investment structuring, complex debt and equity products, execution and development.  Under Mr. Miguel’s leadership, Mast Capital is a leading investor and developer of high-end for-sale residential, hospitality, office and retail projects, with a particular focus in high barriers-to-entry markets.  Prior to founding Mast, Mr. Miguel was Founder and President of Vertica Group, a land investment and repositioning company, where he oversaw all aspects of the businesses, including acquisitions, entitlements, operations and asset management. Previously, he co-founded Clear Title Group, a boutique real estate title insurance company focused on offering closing services to luxury condominium and home developers, buyers and sellers.

Mr. Miguel received his Bachelor of Business Management degree from the University of Miami.  He is a member of the Urban Land Institute’s Urban Development and Mixed-Use Council (UDMUC) which is focused on exploring best practices, lessons learned and cutting-edge trends in development and redevelopment of urban and near urban mixed-use projects.  Mr. Miguel is also a member of the University of Miami School of Business’ Real Estate Programs Advisory Board.

Matthew Adler

Chief Investment Officer
Matthew Adler serves as Chief Investment Officer of Mast Capital, focusing on identifying and evaluating acquisitions and collaborating on investment decisions. He brings more than 17 years of real estate industry experience to the firm. During the course of his career to date, he has structured and negotiated over $2.9 billion of transactions with development partners, lenders and municipalities. Before joining Mast, he was head of East Coast Acquisitions for MacFarlane Partners, an investment management firm with more than $5 billion under management. At MacFarlane, Mr. Adler led all of the firm’s investment activities in New York City and South Florida. Prior to this, he was an investment banker in the Real Estate and Lodging Group at Salomon Smith Barney. Mr. Adler graduated with a Master in Business Administration degree from Columbia Business School and a Bachelor of Arts degree in Economics from Cornell University.

Eric Fordin

Executive Vice President and Managing Director, Development
Mr. Fordin joined Mast Capital in 2017 and serves as Executive Vice President and Managing Director of Development.  In this capacity, he leads the Firm’s ground-up and value-add development opportunities and has oversight of Mast Capital’s development and construction teams.

With nearly 25 years of commercial real estate experience, Mr. Fordin has been involved in all aspects of acquisition, entitlement, development, financing, leasing, sales, and management of for-sale residential and mixed-use development projects.  Prior to joining Mast, Mr. Fordin was a Vice President with Related Group, a privately held real estate development company based in Miami, FL.  During his 13-year tenure at Related Group, he was responsible for sourcing development opportunities as well as the oversight of entitlement, design, sale, and completion of over 2,000 for-sale residential units primarily located in South Florida and valued in excess of $3 billion.  Mr. Fordin also identified and negotiated land acquisitions, developed and administered budgets, and led teams of general contractors, architects, engineers, designers and other consultants.

Mr. Fordin received his Bachelor of Science degree in Sociology from the University of South Florida.
Christina Cuervo
Executive Director, Development and Acquisitions
Cassie Resnick
Senior Vice President, Acquisitions and Asset Management
Michael Tang
Senior Associate

Christina Cuervo

Executive Director, Development and Acquisitions
  • Previously Chief Operating Officer at The Development Group of South Florida
  • Served as project manager on Apogee, an exclusive luxury residential development in Miami Beach’s South of Fifth neighborhood
  • Actively involved in the entitlement, design, and development of marquee condominium projects including Icon Brickell, One Ocean, and Marea
  • Formerly Assistant City Manager to the City of Miami Beach where she oversaw several development agencies, planning and cultural departments
  • Formerly Assistant City Manager for the City of Miami, where she was responsible for overseeing and coordinating real estate development and regulatory functions, financial divisions, and administrative departments of the City
  • Graduated from Georgetown University with a Bachelor’s of Science and Business Administration with a double major in Finance and International Business

Cassie Resnick

Senior Vice President, Acquisitions and Asset Management
Ms. Resnick joined Mast Capital in 2011 and is Senior Vice President of Acquisitions and Asset Management.  In this capacity, she is involved in all facets of the Firm’s investment management activities, including but not limited to, sourcing and underwriting of investment opportunities, acquisitions, execution of business plans, asset management, collaboration with joint venture and other partners, and the disposition of investments.

Prior to joining Mast, Ms. Resnick was an Associate at Jones Lang LaSalle Hotels in New York.  During her tenure at JLL, she provided advisory and disposition services on hospitality and mixed-use assets valued in excess of $5 billion.  Additionally, she was responsible for underwriting equity and debt transactions ranging in size from $50 million to $1 billion across recapitalization, restructuring and other value recovery strategies for non-performing positions.  Prior to JLL, Ms. Resnick was an Analyst at WR Hambrecht + Co., a San Francisco-based investment bank where she evaluated initial and secondary equity offerings, and merger and acquisitions opportunities for technology-focused companies.  Previously, Mr. Resnick was an Intern at Ernst and Young where she analyzed hotel markets and worked on feasibility studies.

Ms. Resnick received her Bachelor of Science degree in Hotel Administration from Cornell University.  She is Vice President of the Beach Colony Condominium Association and actively participates in the South Florida Chapter of the Cornell Hotel Society, Pi Beta Phi fraternity for Women, and South Florida-based nonprofit The Tribe.

Michael Tang

Senior Associate
Mr. Tang joined Mast Capital in 2017 and is a Senior Associate.  In this capacity, he works alongside the Firm’s acquisition and asset management teams in identifying and underwriting new investment opportunities, and the execution of property business plans.

Prior to joining Mast, Mr. Tang was a Manager in PricewaterhouseCooper’s Real Estate and Hospitality advisory group in Miami, FL where he was responsible for transaction due diligence, development studies, asset monitoring, and valuations for hotel and mixed-use properties in the U.S., Caribbean, and Latin America.  Prior to PwC, Mr. Tang was a Consultant at L.E.K. Consulting in Boston, MA where he led commercial due diligence on companies with combined enterprise value of more than $30 billion on behalf of private equity firms and hedge funds.  Previously, Mr. Tang was an Associate at Jones Lang LaSalle Hotels in New York City and provided development advisory, transactions advisory, and asset management for hotels and mixed-use real estate.

Mr. Tang received his Bachelor of Science degree in Hotel Administration from Cornell University and his MBA from Columbia Business School.
Alberto Parjus
Development Manager
Jennifer Niebla, CPA
Director of Accounting and Finance

Alberto Parjus

Development Manager
Mr. Parjus joined Mast Capital in 2015 and is a Development Manager.  In this capacity, he is involved in all facets of the Firm’s development projects, including but not limited to, collaborating with acquisitions and asset management team members on modeling costs associated with new residential development projects, overseeing architects and contractors, working with local municipalities on permitting and related zoning efforts, and negotiating various contracts.

Mr. Parjus brings more than 15 years of construction and project management experience to the Firm having served as both a developer and general contractor during his career.  He has managed projects ranging from luxury residential and commercial buildings, to affordable housing built in partnership with state and local government entities.  Prior to joining Mast, Mr. Parjus was a Project Manager with Related Urban Development Group, the affordable housing arm of the Miami-based Related Group.  During his time at Related Urban, Mr. Parjus was involved in the development of new construction and rehabilitation of existing buildings with oversight of budgeting, design, pre-construction, negotiation of contracts, close-outs and execution as well as coordination with state and local government agencies.  Previously, he worked in both the public and private sectors having constructed over 1,000 for-sale and for-rent residential units.

Mr. Parjus received his Bachelor of Science degree in Architecture from Catholic University of America and his Master’s in Construction Management degree from Florida International University.

Jennifer Niebla, CPA

Director of Accounting and Finance
Ms. Niebla joined Mast Capital in 2011 and serves as Director of Accounting and Finance.  In this capacity, she has oversight of the Firm’s accounting and finance activities and also has management responsibilities of the Firm’s Controller, Accounting Manager and Accounts Payable personnel.    

Ms. Niebla was formerly in public accounting for 14 years.  Prior to joining Mast Capital, she was a Senior Accountant with Valfor- Valuations and Forensics LLC and was responsible for traditional financial statement audits, review of privately owned concerns and performing forensic investigations and procedures.  Prior to Valfor, she was a Senior Accountant with Rosillo & Associates, a Miami-based boutique CPA firm for nine years and focused on tax planning for business owners and their businesses.  Previously, she was a Staff Accountant with Binstock, Rubin, Sbar, Garcia & Ellzey.

Ms. Niebla received her Master of Science degree in Taxation from Florida International University.  She is a Certified Public Accountant and holds the designation of Chartered Global Management Accountant.  She is also a member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants (FICPA).
Camilo Miguel Jr.
Chief Executive Officer and Founder
Matthew Adler
Chief Investment Officer

Camilo Miguel Jr.

Chief Executive Officer and Founder
Mr. Miguel founded Mast Capital in 2006 and serves as its Chief Executive Officer.  He has ultimate responsibility for Mast Capital’s investment strategy, risk management and operations.

He has an extensive real estate, financial and political network, with expertise in investment structuring, complex debt and equity products, execution and development.  Under Mr. Miguel’s leadership, Mast Capital is a leading investor and developer of high-end for-sale residential, hospitality, office and retail projects, with a particular focus in high barriers-to-entry markets.  Prior to founding Mast, Mr. Miguel was Founder and President of Vertica Group, a land investment and repositioning company, where he oversaw all aspects of the businesses, including acquisitions, entitlements, operations and asset management. Previously, he co-founded Clear Title Group, a boutique real estate title insurance company focused on offering closing services to luxury condominium and home developers, buyers and sellers.

Mr. Miguel received his Bachelor of Business Management degree from the University of Miami.  He is a member of the Urban Land Institute’s Urban Development and Mixed-Use Council (UDMUC) which is focused on exploring best practices, lessons learned and cutting-edge trends in development and redevelopment of urban and near urban mixed-use projects.  Mr. Miguel is also a member of the University of Miami School of Business’ Real Estate Programs Advisory Board.

Matthew Adler

Chief Investment Officer
Matthew Adler serves as Chief Investment Officer of Mast Capital, focusing on identifying and evaluating acquisitions and collaborating on investment decisions. He brings more than 17 years of real estate industry experience to the firm. During the course of his career to date, he has structured and negotiated over $2.9 billion of transactions with development partners, lenders and municipalities. Before joining Mast, he was head of East Coast Acquisitions for MacFarlane Partners, an investment management firm with more than $5 billion under management. At MacFarlane, Mr. Adler led all of the firm’s investment activities in New York City and South Florida. Prior to this, he was an investment banker in the Real Estate and Lodging Group at Salomon Smith Barney. Mr. Adler graduated with a Master in Business Administration degree from Columbia Business School and a Bachelor of Arts degree in Economics from Cornell University.
Eric Fordin
Executive Vice President and Managing Director, Development
Christina Cuervo
Executive Director, Development and Acquisitions

Eric Fordin

Executive Vice President and Managing Director, Development
Mr. Fordin joined Mast Capital in 2017 and serves as Executive Vice President and Managing Director of Development.  In this capacity, he leads the Firm’s ground-up and value-add development opportunities and has oversight of Mast Capital’s development and construction teams.

With nearly 25 years of commercial real estate experience, Mr. Fordin has been involved in all aspects of acquisition, entitlement, development, financing, leasing, sales, and management of for-sale residential and mixed-use development projects.  Prior to joining Mast, Mr. Fordin was a Vice President with Related Group, a privately held real estate development company based in Miami, FL.  During his 13-year tenure at Related Group, he was responsible for sourcing development opportunities as well as the oversight of entitlement, design, sale, and completion of over 2,000 for-sale residential units primarily located in South Florida and valued in excess of $3 billion.  Mr. Fordin also identified and negotiated land acquisitions, developed and administered budgets, and led teams of general contractors, architects, engineers, designers and other consultants.

Mr. Fordin received his Bachelor of Science degree in Sociology from the University of South Florida.

Christina Cuervo

Executive Director, Development and Acquisitions
  • Previously Chief Operating Officer at The Development Group of South Florida
  • Served as project manager on Apogee, an exclusive luxury residential development in Miami Beach’s South of Fifth neighborhood
  • Actively involved in the entitlement, design, and development of marquee condominium projects including Icon Brickell, One Ocean, and Marea
  • Formerly Assistant City Manager to the City of Miami Beach where she oversaw several development agencies, planning and cultural departments
  • Formerly Assistant City Manager for the City of Miami, where she was responsible for overseeing and coordinating real estate development and regulatory functions, financial divisions, and administrative departments of the City
  • Graduated from Georgetown University with a Bachelor’s of Science and Business Administration with a double major in Finance and International Business
Cassie Resnick
Senior Vice President, Acquisitions and Asset Management
Michael Tang
Senior Associate

Cassie Resnick

Senior Vice President, Acquisitions and Asset Management
Ms. Resnick joined Mast Capital in 2011 and is Senior Vice President of Acquisitions and Asset Management.  In this capacity, she is involved in all facets of the Firm’s investment management activities, including but not limited to, sourcing and underwriting of investment opportunities, acquisitions, execution of business plans, asset management, collaboration with joint venture and other partners, and the disposition of investments.

Prior to joining Mast, Ms. Resnick was an Associate at Jones Lang LaSalle Hotels in New York.  During her tenure at JLL, she provided advisory and disposition services on hospitality and mixed-use assets valued in excess of $5 billion.  Additionally, she was responsible for underwriting equity and debt transactions ranging in size from $50 million to $1 billion across recapitalization, restructuring and other value recovery strategies for non-performing positions.  Prior to JLL, Ms. Resnick was an Analyst at WR Hambrecht + Co., a San Francisco-based investment bank where she evaluated initial and secondary equity offerings, and merger and acquisitions opportunities for technology-focused companies.  Previously, Mr. Resnick was an Intern at Ernst and Young where she analyzed hotel markets and worked on feasibility studies.

Ms. Resnick received her Bachelor of Science degree in Hotel Administration from Cornell University.  She is Vice President of the Beach Colony Condominium Association and actively participates in the South Florida Chapter of the Cornell Hotel Society, Pi Beta Phi fraternity for Women, and South Florida-based nonprofit The Tribe.

Michael Tang

Senior Associate
Mr. Tang joined Mast Capital in 2017 and is a Senior Associate.  In this capacity, he works alongside the Firm’s acquisition and asset management teams in identifying and underwriting new investment opportunities, and the execution of property business plans.

Prior to joining Mast, Mr. Tang was a Manager in PricewaterhouseCooper’s Real Estate and Hospitality advisory group in Miami, FL where he was responsible for transaction due diligence, development studies, asset monitoring, and valuations for hotel and mixed-use properties in the U.S., Caribbean, and Latin America.  Prior to PwC, Mr. Tang was a Consultant at L.E.K. Consulting in Boston, MA where he led commercial due diligence on companies with combined enterprise value of more than $30 billion on behalf of private equity firms and hedge funds.  Previously, Mr. Tang was an Associate at Jones Lang LaSalle Hotels in New York City and provided development advisory, transactions advisory, and asset management for hotels and mixed-use real estate.

Mr. Tang received his Bachelor of Science degree in Hotel Administration from Cornell University and his MBA from Columbia Business School.
Alberto Parjus
Development Manager
Jennifer Niebla, CPA
Director of Accounting and Finance

Alberto Parjus

Development Manager
Mr. Parjus joined Mast Capital in 2015 and is a Development Manager.  In this capacity, he is involved in all facets of the Firm’s development projects, including but not limited to, collaborating with acquisitions and asset management team members on modeling costs associated with new residential development projects, overseeing architects and contractors, working with local municipalities on permitting and related zoning efforts, and negotiating various contracts.

Mr. Parjus brings more than 15 years of construction and project management experience to the Firm having served as both a developer and general contractor during his career.  He has managed projects ranging from luxury residential and commercial buildings, to affordable housing built in partnership with state and local government entities.  Prior to joining Mast, Mr. Parjus was a Project Manager with Related Urban Development Group, the affordable housing arm of the Miami-based Related Group.  During his time at Related Urban, Mr. Parjus was involved in the development of new construction and rehabilitation of existing buildings with oversight of budgeting, design, pre-construction, negotiation of contracts, close-outs and execution as well as coordination with state and local government agencies.  Previously, he worked in both the public and private sectors having constructed over 1,000 for-sale and for-rent residential units.

Mr. Parjus received his Bachelor of Science degree in Architecture from Catholic University of America and his Master’s in Construction Management degree from Florida International University.

Jennifer Niebla, CPA

Director of Accounting and Finance
Ms. Niebla joined Mast Capital in 2011 and serves as Director of Accounting and Finance.  In this capacity, she has oversight of the Firm’s accounting and finance activities and also has management responsibilities of the Firm’s Controller, Accounting Manager and Accounts Payable personnel.    

Ms. Niebla was formerly in public accounting for 14 years.  Prior to joining Mast Capital, she was a Senior Accountant with Valfor- Valuations and Forensics LLC and was responsible for traditional financial statement audits, review of privately owned concerns and performing forensic investigations and procedures.  Prior to Valfor, she was a Senior Accountant with Rosillo & Associates, a Miami-based boutique CPA firm for nine years and focused on tax planning for business owners and their businesses.  Previously, she was a Staff Accountant with Binstock, Rubin, Sbar, Garcia & Ellzey.

Ms. Niebla received her Master of Science degree in Taxation from Florida International University.  She is a Certified Public Accountant and holds the designation of Chartered Global Management Accountant.  She is also a member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants (FICPA).

Competitive Advantages

Combining an entrepreneurial approach with institutional practices and infrastructure, Mast has gained a reputation for excellence in both real estate development and fund management.

Assured Capitalization

Mast’s discretionary capital differentiates it from other real estate operator/developers, and enables it to work in partnership with property sellers and offer them the certainty of a quick closing. Additionally, Mast has partnered with some of the most respected institutional private equity funds.

Breadth of Experience

With over 45 years of combined experience in its senior management team and principals, Mast has the ability to pivot to various real estate asset classes, across the capital stack, at any point in the market cycle.

Vertical Integration

Mast’s in-house acquisition, development, construction and asset management teams work together seamlessly, using complementary skill sets to execute on a unified vision across a variety of property types.

Extensive Network

Mast’s long-standing industry relationships, depth of experience, and market intelligence have enabled it to build a quality network for navigating a highly fragmented sector.

Thoughtful Structuring

Mast structures each of its real estate investments with a view toward maximizing returns while minimizing risk.

Assured Capitalization

Mast’s discretionary capital differentiates it from other real estate operator/developers, and enables it to work in partnership with property sellers and offer them the certainty of a quick closing. Additionally, Mast has partnered with some of the most respected institutional private equity funds.

Breadth of Experience

With over 45 years of combined experience in its senior management team and principals, Mast has the ability to pivot to various real estate asset classes, across the capital stack, at any point in the market cycle.

Vertical Integration

Mast’s in-house acquisition, development, construction and asset management teams work together seamlessly, using complementary skill sets to execute on a unified vision across a variety of property types.

Extensive Network

Mast’s long-standing industry relationships, depth of experience, and market intelligence have enabled it to build a quality network for navigating a highly fragmented sector.

Thoughtful Structuring

Mast structures each of its real estate investments with a view toward maximizing returns while minimizing risk.