News Summary
The Trump family is expanding its real estate investments in South Florida through a partnership with 1789 Capital and Frisbie Group. The new investment fund aims primarily at properties in Palm Beach and Boca Raton, attracting about $1 billion in investor interest. This collaboration marks 1789 Capital’s entry into commercial real estate, diversifying its investment approach, while the Trump family’s long-term commitment to this market continues with significant ongoing projects.
Florida – The Trump family is set to expand its commercial real estate investments in South Florida, marking a significant move in the regional property market. Donald Trump Jr. joined forces with investment firm 1789 Capital in November 2024, as they forge a partnership with local developer Frisbie Group to establish an investment fund focusing on real estate acquisitions and developments primarily in Palm Beach and Boca Raton.
According to insider information, 1789 Capital has reportedly garnered around $1 billion in investor interest for this fund. This partnership is noteworthy, as it represents 1789 Capital’s inaugural foray into the commercial real estate domain, diversifying its investment strategies beyond its previously focused sectors. The firm is well-known for its involvement in various industries, including online betting and defense startups.
1789 Capital was co-founded by Omeed Malik, who has a reputation for maintaining an “anti-woke” investment strategy, aligning with Donald Trump and his supporters. Malik, following a tenure at Bank of America, has made headlines recently for being appointed to the board of directors of Fannie Mae. Prior to this new fund, 1789 Capital successfully raised approximately $1.3 billion with its inaugural investment fund.
The collaboration with Frisbie Group exclusively targets the South Florida real estate market, an area that has seen substantial growth and investment in recent years. Frisbie Group has been a prominent player in the Palm Beach area for over a decade, spearheaded by Rob Frisbie Jr. with Cody Crowell serving as a partner since 2016. Crowell confirmed the partnership with 1789 Capital but has withheld additional details about their plans.
Donald Trump’s existing real estate portfolio in South Florida is extensive, including high-profile properties such as Mar-a-Lago, four golf courses at Trump National Doral Miami, and the Trump International Golf Club in West Palm Beach. In early January 2025, Trump secured approval for a significant construction project that includes 1,498 luxury condos at his Doral golf courses. Additionally, plans were proposed in late November 2025 for a 45,000 square foot office building at his West Palm Beach golf property.
Donald Trump Jr. and Eric Trump are actively managing their family’s portfolio of developments, which underscores their ongoing commitment to the South Florida market, a region that has been a long-standing focus for the Trump family. This new partnership with Frisbie Group and the strategic direction taken by 1789 Capital signal an aggressive push into commercial real estate by the Trump family, asserting their influence in the ever-competitive market.
The announcement follows a broader trend of significant investments in the South Florida real estate sector. With its desirable climate and thriving economy, more investors are looking to establish a foothold in this market. As the landscape evolves, the joint efforts of the Trump family, 1789 Capital, and Frisbie Group will likely play a pivotal role in shaping the future of commercial real estate in South Florida.
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