- 1789 Capital and Frisbie Group will pursue acquisitions and development projects in Palm Beach and Boca Raton.
- Donald Trump Jr. became a partner at 1789 Capital in November 2024, expanding the firm’s ties to South Florida.
- 1789 Capital previously raised $1.3B for other investments, but this is its first move into commercial real estate.
A Growing Trump Footprint In Florida
According to Bisnow, 1789 Capital, founded by investor Omeed Malik, is launching its first real estate fund with Frisbie Group, a luxury developer in Palm Beach. Bloomberg reported the fund already attracted about $1B in investor commitments. The firms have not shared where the money will be spent.
Frisbie Group partner Cody Crowell confirmed the deal but declined to provide more details.
1789 Capital’s Expansion
Malik promotes 1789 Capital as an “anti-woke” investment firm, echoing rhetoric often used by former President Donald Trump. Beyond real estate, the company invests in defense technology, Polymarket, several Elon Musk ventures, and the Enhanced Games, a planned sports event that allows performance-enhancing drugs.
Trump Jr. joined the firm as a partner in late 2024 and also serves on Polymarket’s board.
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South Florida Ties Run Deep
The Trump family has long owned property in the region. Mar-a-Lago remains its flagship, alongside Trump National Doral Miami and Trump International Golf Club in West Palm Beach. In January, Donald Trump won approval to build nearly 1,500 condos at Doral. Plans for a 45K SF office project in West Palm Beach were also filed last year.
Developer Gil Dezer partnered with the family more than a decade ago to build Trump Towers in Sunny Isles Beach.
Why It Matters
For Frisbie Group, the partnership adds major capital to fuel growth in Palm Beach and Boca Raton. For Trump Jr. and 1789 Capital, the fund marks a new chapter in commercial real estate and strengthens their presence in South Florida’s luxury market.
