Press & Media

MIAMI, FL — Black Diamond Investment Group today announced the successful closing of a $47 million acquisition and construction financing package for a landmark mixed-use development site located in Miami's Wynwood Arts District. The transaction represents the firm's largest single Florida-based deployment to date and underscores its continued expansion into high-growth urban markets.

The 2.4-acre site at the intersection of NW 24th Street and NW 2nd Avenue will be developed into a 280,000-square-foot mixed-use destination comprising Class A office space, ground-floor retail, and a curated selection of food and beverage concepts. Groundbreaking is anticipated for Q1 2025, with completion targeted for Q4 2026.

"Wynwood has undergone a remarkable transformation — from an industrial enclave to one of the most dynamic creative districts in the United States," said the firm's Chief Investment Officer. "This site positions us at the absolute epicenter of that evolution, and we're proud to deliver a development that will serve both the local community and Miami's growing class of institutional tenants."

The deal was structured as a joint venture between Black Diamond's Opportunistic Fund III and a family-office co-investor, with senior construction financing provided by a regional bank syndicate. The total capitalization, inclusive of soft costs and reserves, is projected at $58 million.

Black Diamond's Florida portfolio now spans over 1.2 million square feet across seven active investments in Miami-Dade, Broward, and Palm Beach counties, with an aggregate value exceeding $310 million.

For media inquiries, contact the Press & Media team at Black Diamond Investment Group. This press release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially.

NEW YORK, NY — Black Diamond Investment Group today announced the formal expansion of its Digital Asset Division with the launch of BD Digital, a dedicated fund structure designed to capture institutional-grade exposure to blockchain-native real estate assets and tokenized debt instruments.

The division, which has operated in a pilot capacity since 2022, will now manage a dedicated allocation of $120 million across two strategies: BD Digital Real Estate (tokenized fractional ownership of income-producing properties) and BD Digital Credit (on-chain structured lending facilities secured by hard assets).

"The tokenization of real-world assets is no longer a theoretical proposition — it is a structural shift in how institutional capital will access private markets over the next decade," said the firm's Founder and CEO. "BD Digital gives our investor base a regulated, risk-managed vehicle to participate in that shift with the same discipline they expect from our core real estate strategies."

BD Digital will operate under a registered investment adviser framework and will utilize a permissioned blockchain infrastructure developed in partnership with a leading institutional-grade custody and issuance platform. All tokenized instruments will be backed one-to-one by verified, independently appraised real estate assets held in a bankruptcy-remote special purpose vehicle.

Investor onboarding for the inaugural BD Digital vintage is expected to open in Q4 2024, with a hard cap of $200 million for the combined strategies.

This communication is for informational purposes only and does not constitute an offer or solicitation. Digital asset investments involve risk. Regulatory frameworks vary by jurisdiction.

NEW YORK & MANAMA, BAHRAIN — Black Diamond Investment Group and Gulf Capital Partners today announced a strategic co-investment partnership to pursue hospitality and logistics real estate opportunities across the Gulf Cooperation Council (GCC) region. The partnership is anchored by a $350 million co-investment mandate and represents Black Diamond's most significant international expansion to date.

Gulf Capital Partners, headquartered in Manama, Bahrain, manages in excess of $2.1 billion in assets across private equity, real estate, and infrastructure strategies in Saudi Arabia, the UAE, Bahrain, Kuwait, and Oman. The firm has delivered a net IRR of 18.4% across its real estate programs since inception.

"The GCC real estate market is experiencing a generational transformation driven by Vision 2030, Expo residual investment, and an unprecedented influx of global capital and human talent," said Black Diamond's Managing Director of International Acquisitions. "Gulf Capital Partners is the ideal partner to navigate that landscape — they bring institutional relationships, local market intelligence, and a shared commitment to disciplined underwriting."

The initial focus of the partnership will be luxury and upper-upscale hotel assets in Riyadh, Dubai, and Abu Dhabi, as well as Grade-A logistics and last-mile distribution facilities in the UAE's growing e-commerce corridor. The two firms expect to announce their first co-investment transaction before the end of Q3 2024.

For media inquiries regarding this partnership, please contact the Press & Media teams at both organizations. All figures are unaudited and subject to change.

NEW YORK, NY — Black Diamond Investment Group today announced the closing of a five-property hotel portfolio acquisition totaling $82 million across New York City, Chicago, and New Orleans. The transaction is the largest single deal in the firm's history and coincides with the firm's tenth anniversary year.

The portfolio comprises three independent boutique hotels in New York's SoHo and Lower East Side neighborhoods, one lifestyle hotel property on Chicago's Magnificent Mile, and a historic property in New Orleans' French Quarter. Combined, the assets represent 614 keys and an aggregate trailing twelve-month revenue of $29.3 million.

"Ten years ago, we started with a single loan on a Brooklyn mixed-use building and a belief that disciplined contrarian investing in real assets would compound into something exceptional," said the firm's Founder and CEO. "Closing this transaction — the largest in our history — in our anniversary year is a testament to the trust of our investors, the talent of our team, and the enduring value of premium hospitality real estate."

The acquisition was funded through Black Diamond's Hospitality Opportunity Fund II, which reached its $240 million hard cap in October 2023. The portfolio will be repositioned under a unified brand identity and management platform, with capital improvement budgets of approximately $11 million allocated across the five assets over a 24-month renovation program.

Since its founding in 2014, Black Diamond Investment Group has transacted on over $1.9 billion in real estate assets, established offices in New York, Miami, and London, and expanded its investor network to more than 400 accredited individuals and institutions across 18 countries.

Past performance is not indicative of future results. This press release contains forward-looking statements. All investment metrics cited are unaudited. Nothing herein constitutes an offer or solicitation.