Aerial view of Seascape Apartments — pool deck, palms and parking court

Workforce Multifamily · Florida & the Southeast

Workforce housing, owned and operated.

Arena Capital acquires Class B and C apartment communities, improves them, and runs them in-house through Onyx Management — one team from sourcing to exit.

Our Approach Submit a Deal

Seascape Apartments
Palm Beach Shores, FL · 88 units

1,663

Multifamily units acquired

Apartment communities acquired

385

Units owned & managed today

20+

Years operating in Florida

Multifamily: ~$127M acquired across 21 communities, 13 realized. Platform-wide, including net-lease retail: ~$256M across 46 transactions. As of Q2 2026.

How we create value

Buy right. Fix what’s broken. Run it ourselves.

Workforce apartments are where Florida actually lives. We buy them at a disciplined basis and close the gap between how they’re run and how they should be — the opposite of the absentee, over-leveraged operator model.

Source

Proprietary and off-market deal flow through our own brokerage and long-standing lender and broker relationships.

Acquire

Class B and C communities bought below replacement cost, with conservative leverage and room to improve.

Improve

Renovations and capital projects managed in-house, controlling cost, quality and timeline.

Operate

Managed in-house by Onyx, so the people accountable for NOI are the people who own the asset.

Manage

Business-plan execution, budgeting and capital allocation, with regular, transparent reporting to our partners.

Exit

Multiple paths to realize value — refinance, sale or long-term hold — timed to the market, not forced by debt.

Our communities

The kind of communities we buy

Value-add · Coastal

Seascape Apartments

Palm Beach Shores, FL

Units: 88
Acquired: 2022
Managed by: Onyx

Workforce · Garden-style

Briar Hill Apartments

Kenneth City, FL · Tampa Bay

Units: 84
Acquired: 2018
Managed by: Onyx

In-house management

We manage what we own.

Every Arena community is run by Onyx Management, our own property manager. No third-party fee layer, no misaligned incentives — one team accountable for occupancy, collections and NOI.

Daily reporting
Rent, delinquency and renewals tracked every morning.
On-site teams
Dedicated leasing and maintenance by property.
Owner-aligned
Operators accountable for the same outcome as the owners.

Single-tenant retail building at dusk with lit storefront signage

Net lease retail

Single-tenant retail, built for credit tenants.

Gold River Properties is Arena’s net-lease platform. We re-tenant vacant buildings and develop pre-leased build-to-suits for national credit tenants in markets across the country.

Properties acquired

527K+

Square feet

Realized dispositions

Work with Gold River Submit a site

Source

Direct relationships with national tenants give us visibility into expansion plans before deals reach the market.

Re-tenant

Vacant or near-vacant buildings bought at an attractive basis and leased to credit tenants.

Build-to-suit

Land acquired only after a signed lease and approved site plan.

Develop & lease

Entitlement, construction and leasing run in-house through stabilization.

Finance

Acquisition, construction and permanent debt through long-standing lender relationships, with leverage matched to tenant credit.

Disposition

Stabilized assets sold to REITs, 1031 buyers, family offices and institutions — or held for income.

Tenants we’ve delivered for

Representative tenants from completed transactions by Gold River’s principals. Trademarks belong to their respective owners; inclusion does not imply endorsement.

Hobby Lobby storefront, Hialeah, Florida

Retail brokerage · Florida

Brokers who think like owners.

Arena Realty Advisors is a statewide Florida brokerage focused exclusively on retail — shopping centers, single-tenant net lease and retail outparcels. Because our platform buys, develops and leases the same kinds of retail properties, clients get pricing and advice grounded in how centers actually perform — not just how they market.

Statewide

Coverage across Florida

Retail only

Shopping centers, NNN and outparcels

Owner-led

Every assignment run by a principal

Request a valuation List a property

Arena Realty Advisors LLC · Licensed Real Estate Broker · FL CQ1046328

What we do

One team for selling, leasing and buying retail across Florida.

Investment sales

Shopping centers, single-tenant NNN and outparcels, marketed to a buyer network we transact with ourselves.

Tenant representation

Site selection and lease negotiation for national and regional retailers expanding in Florida.

Landlord leasing

Leasing strategy and tenant outreach for shopping centers and retail outparcels.

Acquisition advisory

Off-market and distressed retail sourcing, underwriting and buy-side representation.

Valuations

Broker opinions of value for retail assets, backed by live comps and our own leasing data.

Net-lease & 1031

Replacement-property search and NNN dispositions for exchange buyers and private owners.

Markets we cover

Miami-Dade Broward Palm Beach Treasure Coast Tampa Bay Orlando Jacksonville Southwest Florida Panhandle

Our team

A family platform, two generations deep.

Backed by two multi-generational real estate families — including RV Inmobiliaria, one of Colombia’s largest real estate companies — Arena is led by principals who underwrite, close and operate their own deals.