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A major investment is heading for Palm Beach real estate, and it’s being powered by a billion-dollar fund involving Donald Trump Jr. and high-profile local developers. 1789 Capital, a firm with political and Wall Street ties, is actively working to raise a $1 billion real estate fund focused on South Florida, especially the elite markets of Palm Beach and Boca Raton, according to a Bloomberg article.
$1 Billion Targeted for Palm Beach Real Estate Development
1789 Capital, The firm led by former Bank of America executive Omeed Malik, is tapping into increased investor interest in alternative assets. The firm recently raised a $1.3 billion inaugural fund and is now setting its sights on Palm Beach real estate. The new fund aims to accelerate development projects that require both political access and deep capital reserves.
Trump Jr., a senior member of the firm, is leveraging his political network and public profile to attract investors. His involvement adds a layer of national attention to an already high-stakes play in the Palm Beach real estate market.
Frisbie Group Brings Local Experience to the Table
To succeed in Palm Beach real estate, local knowledge is critical. That’s where the Frisbie Group comes in. Known for transforming the historic Testa’s site into Via Flagler by The Breakers, Frisbie has a proven track record of high-end, high-approval projects in the area.
Frisbie is also co-leading the redevelopment of Boca Raton’s Government Campus with Terra, showing their ability to handle large-scale, city-backed projects. Their deep understanding of permitting and community relations makes them an ideal partner for a fund like 1789 Capital’s.
Why Palm Beach Real Estate Is Attracting Major Investment?
There’s a reason so much money is flowing into Palm Beach real estate: demand is outpacing supply. With limited land, strict zoning, and ongoing interest from affluent buyers, the market remains one of the most competitive in the country.
Developers need capital and connections to get approvals for new projects. With Frisbie’s local credibility and 1789’s financial clout, this partnership could accelerate luxury development and reshape parts of Palm Beach and Boca Raton.
Market Trends Fueling the Push
The timing of this fund aligns with strong market trends. Investor appetite for South Florida real estate has surged in recent years, driven by tax benefits, lifestyle perks, and a steady stream of wealthy relocations. For those watching Palm Beach real estate, this is yet another sign that the area remains a top-tier investment target.
According to Realtor.com, median home prices in Palm Beach have climbed significantly year over year, with luxury condos and oceanfront estates leading the charge.
Real Estate Experts in Palm Beach
Real estate agents and brokers in the region are closely tracking this fund’s progress. New development could mean more inventory, rising property values, and shifting buyer demand. For those involved in Palm Beach real estate, from homeowners to investors, this fund may create fresh opportunities and challenges.
Whether you’re buying, selling, or investing, the local market is moving fast. Reach out to the team at The Mastropieri Group Realtors® at (561) 544-7000 for expert assistance.
Posted by Larry Mastropieri on
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