Codina Partners Company Profile

Background

Codina Partners is a distinguished real estate development, management, and investment firm dedicated to transforming South Florida's communities into vibrant centers for living, working, culture, and commerce. Led by visionary developers Armando Codina and his daughter, Ana-Marie Codina Barlick, the firm combines decades of local experience with an entrepreneurial approach. Their mission is to leave every community better than they found it, delivering elevated service and producing high-quality work that results in successful outcomes.

Key Strategic Focus

Codina Partners specializes in developing mixed-use, industrial, residential, and property management projects. Their strategic focus includes recognizing overlooked opportunities and delivering long-term value through high-quality developments. The firm's portfolio features notable projects such as Downtown Doral, 2020 Salzedo, and Beacon Logistics Park, reflecting their commitment to community enhancement and economic growth.

Financials and Funding

In November 2023, Codina Partners secured a $115 million construction loan from Goldman Sachs for the development of Regency Parc, an 18-story luxury apartment building in Coral Gables. This financing underscores the firm's ability to attract significant investment for its high-profile projects.

Pipeline Development

Codina Partners has several key projects in development:

Regency Parc: An 18-story luxury apartment building in Coral Gables, featuring 124 units with two-, three-, and four-bedroom floor plans ranging from 1,800 to 6,000 square feet. Amenities include two pools, coworking spaces, a library, a theater, a dog spa, a fitness center, and a catering kitchen.

Sevilla Apartments: A seven-story, 412-unit apartment building in Downtown Doral, with units ranging from 720 to 1,708 square feet. Amenities include a pool deck, barbecue stations, a dog park, pickleball courts, a fitness center, a yoga deck, and a club room/lounge. Construction is expected to begin in late 2024, with the first phase opening in the second quarter of 2026.

Retail and Pickleball Courts in Downtown Doral: The final phase of Downtown Doral includes approximately 25,000 square feet of retail space with 13 units, a 929-space parking garage, and rooftop pickleball courts. Construction is slated to start in mid-2024, with completion anticipated in the second or third quarter of 2025.

Technological Platform and Innovation

Codina Partners leverages advanced technologies and innovative methodologies to enhance their real estate developments. Their projects incorporate state-of-the-art design and construction techniques, ensuring high-quality outcomes that meet modern standards. The firm's commitment to innovation is evident in their development of mixed-use communities that integrate residential, commercial, and recreational spaces, fostering vibrant and sustainable environments.

Leadership Team

Armando Codina: Founder and Executive Chairman. With a career spanning several decades, Codina has been instrumental in shaping South Florida's real estate landscape. He previously founded Codina Group, which grew into Florida's largest privately held commercial real estate company.

Ana-Marie Codina Barlick: CEO. Holding an MBA from MIT's Sloan School of Management, she has played a pivotal role in the firm's strategic direction and growth, overseeing major projects like Downtown Doral.

Luis Castellon: Executive Vice President of Development. Promoted in January 2025, Castellon has been with the company since 2013, contributing significantly to the development of key projects.

Adrian Morales: Vice President of Asset and Property Management. Promoted in June 2024, Morales has been instrumental in managing the firm's diverse property portfolio.

Leadership Changes

Recent leadership changes include the promotions of Luis Castellon to Executive Vice President of Development in January 2025 and Adrian Morales to Vice President of Asset and Property Management in June 2024. These appointments reflect the firm's commitment to recognizing and advancing internal talent.

Competitor Profile

Market Insights and Dynamics

The South Florida real estate market is characterized by robust growth, driven by increasing demand for mixed-use developments that combine residential, commercial, and recreational spaces. The region's favorable economic conditions and population growth contribute to a dynamic and competitive landscape.

Competitor Analysis

Key competitors in the South Florida real estate market include:

Prologis: A global leader in logistics real estate, Prologis has a significant presence in South Florida, focusing on industrial and logistics properties.

Butters Construction & Development: Specializing in commercial and industrial developments, Butters has a strong track record in the region.

ZOM Florida: A prominent developer of luxury residential communities, ZOM Florida competes in the high-end residential segment.

These competitors focus on various aspects of real estate development, including industrial, commercial, and residential projects, contributing to the competitive landscape in South Florida.

Strategic Collaborations and Partnerships

Codina Partners has engaged in significant collaborations to enhance their market position:

Centennial Real Estate Co.: In May 2023, Codina Partners partnered with Centennial to redevelop the former Sears site at Westland Mall in Hialeah, aiming to transform the area into a mixed-use development.