Global City Development
Miami, FL 2–10 employees 7 principals
Last updated by Dawn
About Global City Development
Global City Development is a real estate operator headquartered in Miami, FL. Global City Development operates in Cape Coral-Fort Myers, Florida, Charlotte, North Carolina and Dallas, Texas. Its investment focus is on Multifamily - Ground-up, Single-Family Homes and Student Housing.
Global City Development is a private real estate investment and development firm based in Miami, Florida. Founded in 2014 by Brian Pearl and Diego Procel, the company has 12 years of operating history. The boutique enterprise manages its metropolitan pipelines utilizing a focused internal core of approximately 1 to 10 real estate development and finance professionals. The enterprise focuses its real estate strategy on student housing, build-for-rent residential communities, and workforce housing. Its business platform handles the complete asset lifecycle, including strategic land assembly, design, and joint-venture capitalization. The firm targets projects structured to deliver 20%-plus annual investor returns over investment horizons of 4 to 5 years, with each initiative designed to bring distinct social benefits to local communities. The company's regional portfolio represents projects that have fully funded more than $1 billion in benefits for public universities and U.S. military veterans. Geographically active across the southeastern United States, Texas, and the greater Washington, D.C. area, the firm's notable projects include student housing complexes like Lapis and the 1,244-bed complex The One at University City, as well as the 255-unit Reva Fort Myers and the 517-unit Tech Tower workforce housing development. Additionally, the firm is partnered with Leste on a $2.5 billion platform to deliver 10,000 single-family rental homes across approximately 30 U.S. communities.