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 believes that close adherence to its investment philosophy has enabled it to make a series of successful investments through various market cycles. 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.

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

The company’s senior managers have over 45 combined years of real estate experience and have been involved in transactions totaling over $3.5 billion.

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
Camilo Miguel founded Mast Capital in 2006 and serves as its Chief Executive Officer, focused on investment strategy and risk management. He has an extensive real estate, financial and political network, with expertise in investment structuring, complex debt and equity products, execution and development. Mr. Miguel has built the firm into a leading investor and developer of high-end residential, hospitality, office and retail projects, with a particular focus in high barriers-to-entry markets. Prior to founding Mast, he founded and served as 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. Before this, 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, which quickly grew into a distinguished market leader in its segment. Mr. Miguel graduated from the University of Miami with a Bachelor’s degree in Business Management.

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
Eric Fordin serves as Executive Vice President and Managing Director of Development of Mast Capital, leading the firms ground-up and value-add development opportunities. With 23 years of commercial real estate experience, Mr. Fordin has been involved in all aspects of acquisition, entitlement, development, financing, leasing, sales, and management of multifamily, condo, and mixed-use development projects. Prior to joining Mast, Mr. Fordin spent 13 years at Related Group where he served as Vice President on the development team. He was responsible for the oversight, design, sale, and completion of over 2,000 units valued in excess of $3 billion. Mr. Fordin also identified and negotiated land acquisitions, entitlements, developed and administered budgets, and led teams of general contractors, architects, engineers, designers and other consultants. Mr. Fordin earned a Bachelor’s 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
  • Formerly an Associate at Jones Lang LaSalle Hotels in New York
  • At JLL Hotels, provided advisory and disposition services on hospitality and mixed-use assets valued in excess of $5 billion
  • Underwrote asset values of loan portfolios to create value recovery strategies for non-performing investments
  • Formerly Investment Banking Analyst at WR Hambrecht + Co Investment Bank; evaluated equity offerings and merger opportunities
  • Analyst at Ernst and Young; analyzed hotel markets and performed asset underwriting
  • Graduated from Cornell University’s School of Hotel Administration with a Bachelor’s Degree

Michael Tang

Senior Associate
  • Formerly a Manager in PwC’s Real Estate and Hospitality advisory group in Miami; responsible for transaction due diligences, development studies, asset monitoring, and valuations for hotel and mixed-use real estate in the U.S., Caribbean, and Latin America
  • Led commercial due diligence on companies with combined enterprise value of more than $30 billion for private equity firms and hedge funds as a Consultant at L.E.K. Consulting in Boston
  • As an Associate at Jones Lang LaSalle Hotels in New York, provided development advisory, transactions advisory, and asset management for hotels and mixed-use real estate
  • Graduated with an MBA from Columbia Business School and a Bachelor of Science degree from Cornell University’s School of Hotel Administration
Josh Etzion
Associate
Jillian (Perrotta) Snyder
Director, Marketing and Investor Relations
Eddie Otero
Vice President, Development

Josh Etzion

Associate
  • Formerly an Associate at Eastdil Secured in New York; provided debt placement advisory across all property and lender types
  • Formerly an Analyst at LNR Property in Miami Beach; completed the LNR Rotational Program through core investment platforms including investment management, REO, loan asset management and special situations
  • Previously an Investment Banking Analyst at Morgan Keegan; evaluated middle market mergers and acquisitions and private placements
  • Graduated from Dartmouth College with a Bachelor of Arts degree in Sociology modified with Economics

Jillian (Perrotta) Snyder

Director, Marketing and Investor Relations
  • Formerly Head of Marketing and Investor Relations at Riverloft Capital, a Miami-based event driven hedge fund
  • Vice President on Citigroup’s Capital Introductions team, serving as the US Family Office specialist in addition to coverage of institutional investors in the tri-state, Northeast and Mid-Atlantic regions
  • Campus Recruiting Manager for Citigroup’s full-time and intern programs within the North America Markets Division, overseeing Analyst hiring for the Sales and Trading, Capital Markets Origination, Public Finance and Commodities programs
  • Corporate Campus Recruiter at Steve & Barry’s, a national university sportswear retailer
  • Graduated from Cornell University with a Bachelor’s Degree in Industrial and Labor Relations 

Eddie Otero

Vice President, Development
  • Formerly Senior Vice President of Development with Trammell Crow Company
  • At Trammell Crow, directed all aspects of development for large and complex projects including site acquisition, entitlements and other approvals, due diligence, project design and execution
  • Developed and built over 2.5mm square feet of real estate across various asset classes
  • Served as Project Engineer for Tompkins Builders
  • Graduated from North Carolina State University with a Bachelor of Science in Construction Engineering and Management
Alberto Parjus
Development Manager
Jennifer Niebla
Director of Accounting and Finance

Alberto Parjus

Development Manager
  • Over thirteen years of experience in construction and project management as both a developer and general contractor
  • Managed projects ranging from high-end luxury residential and commercial buildings, to affordable housing built in partnership with state and local government entities
  • Formerly Project Manager with Related Urban. At Related Urban, was involved in the development of new projects , including new construction and rehabilitation of existing buildings, budgeting, design, pre-construction, negotiation of contracts, close-outs and execution as well as coordination with state and local government entities
  • Constructed over 800 units in both the public and private sector
  • Graduated in 2005 from Catholic University of America with a Bachelor of Science in Architecture and in 2008 from Florida International University with a Master in Construction Management

Jennifer Niebla

Director of Accounting and Finance
  • Certified Public Accountant with the designation of Chartered Global Management Accountant with memberships in the AICPA and FICPA
  • Joined Mast Capital in 2011, overseeing all accounting and finance activities for the firm, including a team comprised of a Controller and Staff Accountant
  • Formerly in Public Accounting for 14 years, working at Binstock, Rubin & Ellzey, Rosillo & Associates and Valfor
  • Graduated with a Master of Science in Taxation from Florida International University
Camilo Miguel Jr.
Chief Executive Officer and Founder
Matthew Adler
Chief Investment Officer

Camilo Miguel Jr.

Chief Executive Officer and Founder
Camilo Miguel founded Mast Capital in 2006 and serves as its Chief Executive Officer, focused on investment strategy and risk management. He has an extensive real estate, financial and political network, with expertise in investment structuring, complex debt and equity products, execution and development. Mr. Miguel has built the firm into a leading investor and developer of high-end residential, hospitality, office and retail projects, with a particular focus in high barriers-to-entry markets. Prior to founding Mast, he founded and served as 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. Before this, 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, which quickly grew into a distinguished market leader in its segment. Mr. Miguel graduated from the University of Miami with a Bachelor’s degree in Business Management.

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
Eric Fordin serves as Executive Vice President and Managing Director of Development of Mast Capital, leading the firms ground-up and value-add development opportunities. With 23 years of commercial real estate experience, Mr. Fordin has been involved in all aspects of acquisition, entitlement, development, financing, leasing, sales, and management of multifamily, condo, and mixed-use development projects. Prior to joining Mast, Mr. Fordin spent 13 years at Related Group where he served as Vice President on the development team. He was responsible for the oversight, design, sale, and completion of over 2,000 units valued in excess of $3 billion. Mr. Fordin also identified and negotiated land acquisitions, entitlements, developed and administered budgets, and led teams of general contractors, architects, engineers, designers and other consultants. Mr. Fordin earned a Bachelor’s 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
  • Formerly an Associate at Jones Lang LaSalle Hotels in New York
  • At JLL Hotels, provided advisory and disposition services on hospitality and mixed-use assets valued in excess of $5 billion
  • Underwrote asset values of loan portfolios to create value recovery strategies for non-performing investments
  • Formerly Investment Banking Analyst at WR Hambrecht + Co Investment Bank; evaluated equity offerings and merger opportunities
  • Analyst at Ernst and Young; analyzed hotel markets and performed asset underwriting
  • Graduated from Cornell University’s School of Hotel Administration with a Bachelor’s Degree

Michael Tang

Senior Associate
  • Formerly a Manager in PwC’s Real Estate and Hospitality advisory group in Miami; responsible for transaction due diligences, development studies, asset monitoring, and valuations for hotel and mixed-use real estate in the U.S., Caribbean, and Latin America
  • Led commercial due diligence on companies with combined enterprise value of more than $30 billion for private equity firms and hedge funds as a Consultant at L.E.K. Consulting in Boston
  • As an Associate at Jones Lang LaSalle Hotels in New York, provided development advisory, transactions advisory, and asset management for hotels and mixed-use real estate
  • Graduated with an MBA from Columbia Business School and a Bachelor of Science degree from Cornell University’s School of Hotel Administration
Josh Etzion
Associate
Jillian (Perrotta) Snyder
Director, Marketing and Investor Relations

Josh Etzion

Associate
  • Formerly an Associate at Eastdil Secured in New York; provided debt placement advisory across all property and lender types
  • Formerly an Analyst at LNR Property in Miami Beach; completed the LNR Rotational Program through core investment platforms including investment management, REO, loan asset management and special situations
  • Previously an Investment Banking Analyst at Morgan Keegan; evaluated middle market mergers and acquisitions and private placements
  • Graduated from Dartmouth College with a Bachelor of Arts degree in Sociology modified with Economics

Jillian (Perrotta) Snyder

Director, Marketing and Investor Relations
  • Formerly Head of Marketing and Investor Relations at Riverloft Capital, a Miami-based event driven hedge fund
  • Vice President on Citigroup’s Capital Introductions team, serving as the US Family Office specialist in addition to coverage of institutional investors in the tri-state, Northeast and Mid-Atlantic regions
  • Campus Recruiting Manager for Citigroup’s full-time and intern programs within the North America Markets Division, overseeing Analyst hiring for the Sales and Trading, Capital Markets Origination, Public Finance and Commodities programs
  • Corporate Campus Recruiter at Steve & Barry’s, a national university sportswear retailer
  • Graduated from Cornell University with a Bachelor’s Degree in Industrial and Labor Relations 
Eddie Otero
Vice President, Development
Alberto Parjus
Development Manager

Eddie Otero

Vice President, Development
  • Formerly Senior Vice President of Development with Trammell Crow Company
  • At Trammell Crow, directed all aspects of development for large and complex projects including site acquisition, entitlements and other approvals, due diligence, project design and execution
  • Developed and built over 2.5mm square feet of real estate across various asset classes
  • Served as Project Engineer for Tompkins Builders
  • Graduated from North Carolina State University with a Bachelor of Science in Construction Engineering and Management

Alberto Parjus

Development Manager
  • Over thirteen years of experience in construction and project management as both a developer and general contractor
  • Managed projects ranging from high-end luxury residential and commercial buildings, to affordable housing built in partnership with state and local government entities
  • Formerly Project Manager with Related Urban. At Related Urban, was involved in the development of new projects , including new construction and rehabilitation of existing buildings, budgeting, design, pre-construction, negotiation of contracts, close-outs and execution as well as coordination with state and local government entities
  • Constructed over 800 units in both the public and private sector
  • Graduated in 2005 from Catholic University of America with a Bachelor of Science in Architecture and in 2008 from Florida International University with a Master in Construction Management
Jennifer Niebla
Director of Accounting and Finance

Jennifer Niebla

Director of Accounting and Finance
  • Certified Public Accountant with the designation of Chartered Global Management Accountant with memberships in the AICPA and FICPA
  • Joined Mast Capital in 2011, overseeing all accounting and finance activities for the firm, including a team comprised of a Controller and Staff Accountant
  • Formerly in Public Accounting for 14 years, working at Binstock, Rubin & Ellzey, Rosillo & Associates and Valfor
  • Graduated with a Master of Science in Taxation from Florida International University

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.