Scott is responsible for strategic direction, sourcing investment opportunities, capital markets and operations for the firm.

Prior to launching Torose, Scott co-founded Tricera Capital where he led the charge on strategic direction, capital markets and sourcing investment opportunities. In this role, Scott built a portfolio in excess of $700M over five years and consistently delivered returns in excess of 20% IRR and a 2x multiple across realized investments. Scott maintains ownership and major decisions across the Tricera portfolio and continues to be a minority owner of Tricera Capital.

Torose Equities is a Miami-based real estate investment firm with several different verticals, including a value-add urban retail, office, and mixed-use strategy within the Southeastern United States.

This episode was originally released September 2023

On this episode, Jake & Scott discuss:

• Important retail trends that will shape the next decade
• The science of placemaking
• The opportunity for Office
• Working with Family Office Investors
• Building Torose Equities

Connect & Invest with Jake:

Follow Jake on Twitter: https://twitter.com/jwurzak

Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo

Links:

Torose Equities

Scott on LinkedIn

Assembly Row Boston

Ennet Perry Cabin

Topics:

(00:00:00) - Intro

(00:01:40) Scott’s background and career

(00:10:37) Learnings from working in international markets

(00:13:16) How are you choosing what markets to choose on now?

(00:15:14) Risk and reward in investing

(00:17:57) What is your competitive edge?

(00:19:12) What are some important retail trends that will shape the industry over the next decade?

(00:21:40) What’s important for Office investors over the next 5-10 years?

(00:27:40) Pros and Cons of Commercial and Retail Investing

(00:29:38) Placemaking

(00:36:40) What do you look for in locations for the success of retail?

(00:39:47) What is the opportunity for Office in Florida?

(00:42:32) Developing a 350k sqft covered land play

(00:48:18) How are you finding Family Office investors?

(00:49:17) Co-GP opportunities

(00:50:14) Characteristics of good partners

(00:51:26) Building Torose Equities

(01:01:16) How are you sourcing deals?

(01:05:06) What’s your approach to value-add?

(01:09:11) What processes have you implemented in your company?

(01:11:33) What is your favorite hotel?