MAS Development is a privately-owned, fully-integrated real-estate operating company focused on acquiring, owning, developing and managing investment properties across the Southeast region and the Caribbean.
With decades of combined industry experience, we are known for driving sound, fundamental practices to real estate development and construction. Our focus is to identify quality investment properties that are uniquely positioned for future growth.
The firm’s continued success is driven by our superior leadership team, and complemented by fully-integrated systems, cutting-edge technology and innovative solutions. We provide hands on management across all stages of the development process including but not limited to; site identification, acquisition, planning, design, entitlements, financial analysis, construction and disposition.
Diversification and Risk Management play a key role in our strategic planning. We maintain a detailed due diligence process including physical inspections and monetary and marketing evaluations to help us to identify profitable opportunities aligned with our client’s investment strategy.
OUR FOUR PILLARS
As a boutique development firm, our experienced management team works collaboratively on all projects with open communication. This results in efficient decision-making and a sound investment philosophy.
We have a vast network of relationships with premiere architects, developers, brokers, professional consultants, and government municipalities that allow us access to a variety of opportunities, many of which are not widely marketed.
We offer a unique, forward-thinking perspective when it comes to our acquisition and development strategies. Our ability to capitalize our expertise across multiple company disciplines, gives us a cutting edge when evaluating the opportunities and risks associated with an investment.
Our focus is always to bring value. Our trusted investors and clients rely on our expertise when it comes to finding intrinsic value in the market.
Meet Your Team of Trusted Partners
Mr. Benenson is the Principal of MAS Development, a real estate investment, acquisition, and entitlement firm focusing on development projects, land acquisition, and land entitlements, across a variety of asset classes.
Mr. Benenson has been extensively involved in the acquisition of land, design, project valuation, entitlement process, development, and disposition of over 3 million square feet of real estate. He has successfully grown the land entitlement division, including the acquisition and entitlement of large tracts of land, with disposition to both national builders and REITs as well as private developers.
Prior to MAS Development, Mr. Benenson co-founded Universal Storage Group. As owner and developer, he was responsible for the acquisition, construction management, and development of several self-storage facilities across South Florida and Puerto Rico totaling over 550,000 square feet.
Mr. Benenson worked at Post Shell Improvements and Lotspeich Company, where he served as Project Manager and oversaw estimation, construction scheduling, cost tracking, contract negotiation, and project management.
Later, Mr. Benenson founded Futurex Construction, which provided general contracting services for both commercial and residential projects and served as the sponsor and developer/general partner on various projects as well.
Today, Mr. Benenson is also a partner & co-founder of Agador Spartacus Development, specializing in the development of Workforce Housing in Florida with approximately 1,000 units either completed or in construction.
Director of Land Acquisitions
Director of Land Entitlement
Senior Acquisition Analyst
New Wave Loans / LocalPaper
Joel Eidelstein is the Managing Partner and Founder of New Wave Loans Residential, LLC and Rivo Alto Capital Funding, LLC. With a focus on strategy and investor relations, Mr. Eidelstein serves as a trusted advisor to a number of high-net-worth individuals and family offices. He is responsible for the structure, acquisition and management of approximately $400M in assets and origination of approximately $587M in loans for both residential and commercial real estate. Mr. Eidelstein operates what is arguably the largest private lender in the State of Florida. He has directly funded and subsequently managed the investment of over $1 Billion in real estate related assets including first mortgage fundings, NNN single tenant properties, real estate tax liens, and multi-family residential buildings.
As one of the Principals of LocalPaper, Mr. Eidelstein is a Managing Partner and operates an online platform used to fund mortgages both from crowdfunding and family offices. Mr. Eidelstein graduated from Brandeis University in May 1988 with a Bachelors of Arts Degree in English Literature.