Scott is responsible for strategic direction, sourcing investment opportunities, capital markets and operations for the firm. Prior to launching Torose, Scott co-founded Tricera Capital where he led the charge on strategic direction, capital markets and sourcing investment opportunities. In this role, Scott built a portfolio in excess of $700M over five years and consistently delivered returns in excess of 20% IRR and a 2x multiple across realized investments. Scott maintains ownership and major decisions across the Tricera portfolio and continues to be a minority owner of Tricera Capital. Torose Equities is a Miami-based real estate investment firm with several different verticals, including a value-add urban retail, office, and mixed-use strategy within the Southeastern United States.  On this episode, Jake & Scott discuss: Important retail trends that will shape the next decade The science of placemaking The opportunity for Office Working with Family Office Investors Building Torose Equities Connect & Invest with Jake: Follow Jake on Twitter: https://twitter.com/jwurzak Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/ Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo   Links: Torose Equities Scott on LinkedIn Assembly Row Boston Ennet Perry Cabin   Topics: (00:01:40) Scott’s background and career (00:10:37) Learnings from working in international markets (00:13:16) How are you choosing what markets to choose on now? (00:15:14) Risk and reward in investing (00:17:57) What is your competitive edge? (00:19:12) What are some important retail trends that will shape the industry over the next decade? (00:21:40) What’s important for Office investors over the next 5-10 years? (00:27:40) Pros and Cons of Commercial and Retail Investing (00:29:38) Placemaking (00:36:40) What do you look for in locations for the success of retail? (00:39:47) What is the opportunity for Office in Florida? (00:42:32) Developing a 350k sqft covered land play (00:48:18) How are you finding Family Office investors? (00:49:17) Co-GP opportunities (00:50:14) Characteristics of good partners (00:51:26) Building Torose Equities (01:01:16) How are you sourcing deals? (01:05:06) What’s your approach to value-add? (01:09:11) What processes have you implemented in your company? (01:11:33) What is your favorite hotel?