Breakwater Capital Partners
The information beyond this point is intended solely for accredited and institutional investors. Please confirm the following to continue.
By entering you acknowledge the statements above. This page does not establish any advisory or fiduciary relationship. Nothing herein constitutes investment, legal, accounting, or tax advice.
Investor Information
Breakwater participates in distressed luxury single-family, multifamily, and condominium completion and workout opportunities across South Florida on an asset-by-asset basis, each underwritten to a defined box and presented with its own acquisition memorandum. Capital is deployed against a hard asset, behind a defined value-creation event, for a short and defined window.
Target Economics
Illustrative target parameters for the core acquisition box. Targets are objectives based on current assumptions, are inherently uncertain, and are not guarantees of future results.
How You Participate
Each opportunity is offered asset-by-asset. Positions are structured for downside protection and alignment — the GP co-invests on every deal and earns its promote only after partner capital has received its preferred return.
A secured position in the capital stack — current or accruing return, lower in the range. Protected by the asset and the completion spread beneath you.
A fixed preferred return plus a share of profit, ahead of common equity. Income with participation in the upside.
Full completion-spread participation alongside Breakwater as operating sponsor, sharing in the value our execution creates.
Alignment
Adjustable per investment. Illustrative structure shown.
| 1 | Return of capital — 100% to capital partners until invested capital is returned. |
| 2 | Preferred return — to capital partners until the preferred hurdle is met (e.g., 8–10%). |
| 3 | Promote split — residual profit shared (e.g., 80% capital / 20% GP). |
| 4 | GP co-investment — Breakwater invests alongside partners on every deal. |
Illustrative Deal
A fictional, illustrative example — a Rio Vista waterfront completion — used to show the underwriting discipline. Not a representation of any actual or available investment.
The Trajectory
Single-asset co-investments underwritten to the box, building a documented track record.
A committed co-invest or pledge facility deployed across deals as they clear the box.
A closed-end special situations / development-recovery fund seeded by the track record.
Verified investors receive the platform thesis, underwriting model, and a sample acquisition memorandum on a live opportunity.
Contact Richard Rosa