Strategic Real Estate for Global Gateway Cities.

Focusing on High-Conviction Residential Assets in Madrid and Miami.
Arno Urbana identifies structural demand imbalances in urban cores. We invest in the enduring need for workforce and middle-market housing. By managing the development lifecycle from the inside out, we ensure project efficiency and long-term asset health.

Core Investment Parameters

Asset Classes

Multifamily, Mixed-Use (Residential-heavy)

Primary Markets

United States: South Florida (Miami/Tampa corridor).Spain: Madrid (Urban Infill & Emerging Districts).

Investment Size

$1 a $10M equity check

Strategy

Ground-up development, heavy value-add, and distressed debt restructuring.

Holding Period

Typically, 3–7 years for equity developments.

What We Look For

Operational Leverage: We prioritize projects where our internal management team can directly influence the margin through design efficiency or cost-control protocols. 
Clear Exit Paths: Every investment is underwritten with multiple exit scenarios, ensuring liquidity is prioritized alongside capital appreciation.
Structural Demand: We invest in "Need-to-Have" housing (Workforce/Middle-market) rather than "Nice-to-Have" luxury.

We look for projects that meet three specific non-negotiables:

Thesis Across Markets

Madrid

Spain is facing a significant housing shortage. According to the Bank of Spain, the country needs approximately 550,000 new homes over the next two years to meet demand.  However, only about 90,000 new units are built annually —well short of the estimated annual demand of 300,000. This ongoing shortfall has led to a cumulative housing deficit of around 800,000 homes over the past decade

Miami

We invest in workforce and affordable housing in Miami because that’s where the strongest, most consistent demand lies. While luxury properties face rising vacancies and lease-up challenges, affordable and mid-tier units remain in short supply and high demand —maintaining low vacancy rates and steady performance.  As rents stabilize across the market, the need for well-located, efficient 2-bedroom units for working-class renters continues to grow. We focus on this underserved segment to deliver stable returns and meet a critical housing need.

Frequently Asked Questions

What types of residential projects does Arno invest in?

We focus on multifamily, student housing, and condominiums in markets with strong demand drivers, limited supply, and clear entitlement processes. Urban infill, repositioning, and ground-up developments are all considered.

Does Arno take a passive or active role in projects?

We are active capital partners. That means we’re involved in structuring, decision-making, monitoring budgets and timelines, and ensuring discipline in execution—without micromanaging the operator.

At what stage do you typically enter a project?

We invest at early to mid-stage, once there’s site control and preliminary feasibility. We bring value by helping structure the capital stack and supporting through execution—not just at financial close.

How much equity does Arno typically contribute?

Equity checks typically range from US$1M to US$5M, depending on project size, structure, and alignment with our portfolio strategy. We prefer projects where we can maintain active oversight and real alignment.

How long is a typical investment hold period?

Most residential equity projects target 12 to 36 months, depending on development timeline and market dynamics. Exit strategies are defined upfront and revisited based on actual performance.

What markets do you prioritize for residential investments?

We currently focus on select urban areas in Spain (Madrid) and the U.S. (Miami, Tampa, and Fort Lauderdale). Market depth, liquidity, and exit potential guide our focus.