Email Us

MASCAP

Global Expertise    |  Local Presence   |  Long-Term Relationships

A Trusted Partner for Tax-Advantaged Investing

OUR STRATEGY

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

  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button

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

  • Slide title

    Write your caption here
    Button

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

  • project photos

    Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button

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

  • project photos

    Slide title

    Write your caption here
    Button

Coming Soon

Commercial Development

Closed

  • project photos

    Slide title

    Write your caption here
    Button
  • Slide title

    Write your caption here
    Button

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

  • project photos

    Slide title

    Write your caption here
    Button

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 headshot

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 headshot

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 Headshot

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.

Documents in One Secure Place

To ensure security, easy access, and to safely share with CPAs and financial managers, documents are organized and stored in the Investor Portal, which is backed by state-of-the-art data security.

Real-Time Investment Performance

Our Investor Portal gives 24/7 access  performance metrics and reports. 

Contact

Share by: