Shoreham Capital was founded by Nick Zoumas, Doug Faron, and Steve Figari in August 2022, bringing five decades of real estate expertise together under one roof. The Florida-based real estate investment firm is focused on value-added investment opportunities in the multi-family home space, rental developments, adaptive reuse projects, and single-family rentals.
With its headquarters in West Palm Beach, the firm is looking to grow its real estate portfolio across the Sunbelt and East Coast.
Relationships are core to Nick’s business, both with JNS Homes and Shoreham Capital. JNS has quickly emerged as one of the country’s fastest-growing real estate developers, with a name synonymous with integrity, excellence, and design innovation. Today, JNS Homes has over 50 team members with projects in New York and Florida.
Similarly, Shoreham Capital is an exciting collaboration between Nick, Doug, and Steve — who value the partnership and knowledge they bring to the table. Doug was previously at CIM for nine years before Shoreham Capital, and Steve was CEO of Slate Property Group.
The trio is already starting to finalize deals and work on projects. Shoreham Capital closed its first deal in partnership with Bridge Investment Group and Wynkoop Financial. The 26-acre development site in Cape Coral will house a $120M Class A apartment project called Siesta Lakes.
Siesta Lakes feature 412 apartments with one, two, and three-bedroom floorplans. On-site, added amenities will include a gym, pool, dog park, business center, and a pickleball court. The community is centrally located off Pine Island Road, and local beaches like Sanibel Island, Captiva, and Barefoot Beach are just a short drive away.
“Siesta Lakes is the perfect example of the type of high-value, strong-investment projects we want to focus on,” Nick said. “We’re excited about capitalizing on the growth potential in this Southwest Florida market which has been central to much of the recent housing shifts.”
In addition to the Siesta Lakes project, Shoreham Capital has six other projects totaling 1,000 units, most of which are located in Florida.
Under Nick’s leadership, JNS Homes has completed over $1 Billion in developments across Florida and New York. With more expansion to come, JNS is looking forward to partnering with the newly formed Shoreham Capital team.
You can read more about Shoreham’s latest ventures in articles here and here. If you’re interested in connecting with JNS, reach out on our contact page!