MASCAP
Global Expertise | Local Presence | Long-Term Relationships
A Trusted Partner for Tax-Advantaged Investing
Experience You Can Count On
3
Active Investments
$20M
Fund
85+
Years of Combined Experience
About Us
Your Trusted Partner for Tax-Advantaged Investments
Let MASCAP help you invest in Puerto Rico through tax-advantaged solutions that fit your needs and investment portfolio. MASCAP is a Private Equity Fund compliant with the Puerto Rico Incentive Code (Act 60-2019). We focus on real estate, infrastructure, and impact investing, following environmental, social, and governance guidelines ("ESG").
The fund was co-founded by Jose A. Torres, Adrian Stella, and Eduardo Lastra in 2022. The co-founders bring over 85 years of expertise in investment banking, private equity, real estate development, and project management.
Investments
Active
Haven - The Residences
Townhome Residential Units
Project Description:
- #1365 Wilson Street in Condado, San Juan, PR
- 800 square-meter plot of land
- Two townhouse residential units
- 5,340 SF per unit on three levels
- Four bedrooms / Five and two half bathrooms
- Gym / Study / Media Room
- Pool / Patio Garden / 3 Car Garage
- Land purchased, land use permit secured, construction plans finalized, PR OZ Priority Project application submitted
- 14-month construction period
Investment Summary:
- Total Cost: $9 million
- Project Target IRR: 35%
- Developer: Stella Group
Active
Artisan Estates - San Patricio
Single Family Luxury Residences
Project Description:
- K3 San Patricio Street in Guaynabo, PR
- 4,045 square-meter plot of land
- 5 luxury residences
- 4,300 SF per unit
- 4 bedrooms / 4.5 bathrooms / 3 car garage
- Walking distance from San Patricio Plaza Mall
- Land under option, construction plans under development, PR OZ Priority Project application submitted
- 12-month construction period
Investment Summary:
- Total Cost: $9 million
- Project Target IRR: 20%
- Developer: Stella Group
Active
Palmas Town Center
Commercial Development
Project Description:
- Palmas del Mar, Humacao, PR
- 32,375 square-meter plot of land
- Multiple Commercial pads and buildings
- Gourmet Grocery, Pharmacy, Laboratory, Restaurants, Medical Offices, Retail
- 60,000 indoor/ 7,450 exterior leasable SF
- Land purchased, zoning suitable for commercial use, PR OZ Priority Project application submitted
- 24-month Construction period
Investment Summary:
- Total Cost: $23.5 million
- Project Target IRR: 23%
- Developer: Tampa Humboldt Enterprises, Inc
New Project
Coming Soon
Commercial Development
Closed
107 Aguadilla
Town Center
Commercial Development
Project Description:
- Develop, construct, and operate a commercial retail center
- Int PR #2 and PR #107 in Aguadilla, PR
- 56,623 square-meter plot of Land
- Multiple Commercial pads and buildings
- 37,825 leasable SF
- Tenant Roster: Walgreens, Chili’s, Sizzler, Wendy’s, Papa Johns, Firehouse Subs, Yogufruti, La Frutera, Liberty
Investment Summary:
- Total Cost: $12 million
- Project IRR: 35%
- Developer: Stella Group
- Project Status: Completed and fully leased
Closed
Walgreens,
Quebradillas
Commercial Development
Project Description:
- Develop, construct, and lease single-tenant Commercial Real Estate
- Int PR #2 and PR #485 in Quebradillas, PR
- 8,973 square-meter plot of Land
- Multiple Commercial padas and buildings
- 37,825 leasable SF
- Tenant Roster: Walgreens
Investment Summary:
- Total Cost: $6.25 million
- Project IRR: 35%
- Developer: Stella Group
- Project Status: Completed and fully leased
Strategy
Investor First
MASCAP’s PR-PEF tax incentive structure can significantly improve investors’ after-tax returns.
Optimized Portfolio
MASCAP’s Series LLC allows investors to customize their investment portfolio.
Tax Advantaged
We comply with Puerto Rico Incentive Code (Act 60-2019) for private equity.
Our Team
The founders came together to bring 85+ years of Global Private Equity and local development expertise with a Tax-Advantaged structure to maximize returns for investors.
Jose A. Torres-Monllor
Co-Founder and Managing Partner
Jose brings more than 30 years of private equity and investment banking experience. As the founder of Monllor Capital Partners and manager of the Puerto Rico Opportunity Zone Fund LP, he has vast experience managing private equity funds. He has a bachelor's degree from Colorado College and an MBA from the American Graduate School of International Management (Thunderbird).
Adrian Stella-Arroyo
Co-Founder and Partner
Adrian brings more than 30 years of real estate experience to MASCAP, along with experience in the renewable energy and business development sectors. As the founder of Stella Management Group, he has experience with property rental and investment, construction, finance, and more. He attended Jacksonville University.
Eduardo Lastra-Power
Co-Founder and Partner
Eduardo brigs more than 25 years in real estate and project management. He is the co-founder of Torsa Venture Group, and studied finance and business management at Interamerican University of Puerto Rico. He also holds a Florida Certified General Constructor Lic. #1528442.
Investor Portal
Easy Access to Your Investment Portfolio
Our Investor Portal includes an easy-to-read dashboard designed to keep complex investment information simple and organized.
Understand Your Investments’ Assets
Bring your investments to life. Understanding asset details will give you a more tangible investment experience and will keep you in touch with our team.
