IRAS Group

IRAS Group is a vertically integrated, family-owned commercial real estate firm that has been developing, investing in, and managing real estate assets since 1985. Headquartered in Doral, Florida, the company specializes in a diverse portfolio including hotels, office spaces, retail centers, mixed-use developments, and multifamily properties.

The firm's comprehensive approach covers all facets of commercial real estate, such as development, property management, asset and portfolio management, acquisition, and disposition strategies. This hands-on methodology allows IRAS Group to navigate complexities and ensure sustained growth and value creation.

Investment Strategy

IRAS Group focuses on identifying undersupplied asset classes in emerging submarkets. It acquires properties below intrinsic value and replacement cost, adds value through development or repositioning, and unlocks value via operational and managerial efficiencies. The company then disposes or recapitalizes assets, redeploying proceeds into high risk-adjusted returns opportunities.

Notable Properties

• Royal Overlook: Office property in Alpharetta, GA, 124,000 square feet.
• Dania Beach Multifamily: Multifamily development in Fort Lauderdale, FL, 309 units.
• Spark by Hilton: Hotel in Doral, FL, 100 rooms.
• Hilton Garden Inn Tampa North: Hotel in Tampa, FL, 148 rooms.
• Courtyard by Marriott San Antonio SeaWorld® / Westover Hills: Hotel in San Antonio, TX, 179 rooms.
• Fairfield Inn & Suites by Marriott San Antonio SeaWorld® / Westover Hills: Hotel in San Antonio, TX, 98 rooms.
• Embassy Suites: Hotel in Fort Lauderdale, FL, 220 rooms.
• Tru by Hilton Miami West Brickell: Hotel in Miami, FL, 141 rooms.
• Homewood Suites by Hilton Coral Gables Miami Airport: Hotel in Coral Gables, FL, 128 rooms.
• Holiday Inn Express: Hotel in Kendall, FL, 66 rooms.
• La Quinta: Hotel in Fort Myers, FL, 73 rooms.
• SpringHill Suites by Marriott Miami Doral: Hotel in Doral, FL, 112 rooms.
• Dania Plaza: Retail center in Fort Lauderdale, FL, 18,000 square feet.
• Four Points by Sheraton Coral Gables: Hotel in Coral Gables, FL, 103 rooms.
• Doral Park Centre: Mixed-use development in Doral, FL, 77,000 square feet.
• Four Points by Sheraton Fort Lauderdale Airport – Dania Beach: Hotel in Fort Lauderdale, FL, 154 rooms.
• Nicklaus Children’s Doral Outpatient Center: Office property in Doral, FL, 40,000 square feet.
• Best Western Plus Miami-Doral / Dolphin Mall: Hotel in Doral, FL, 103 rooms.
• Doral 107 Retail: Retail center in Doral, FL, 15,000 square feet.
• Baymont by Wyndham Miami Doral: Hotel in Doral, FL, 92 rooms.

Company Focus and Geographic Reach

This diverse portfolio underscores IRAS Group's strategic focus on opportunistic returns in undersupplied markets, especially the Sun Belt region.

By maintaining a diversified asset base and proactive management, the company adapts to market dynamics, ensuring long-term success and value creation for stakeholders.

Locations

• Doral, FL (Headquarters)
• Miami, FL, USA
• Fort Lauderdale, FL, USA
• Tampa, FL, USA
• San Antonio, TX, USA
• Coral Gables, FL, USA