TSG – a leading, diversified real estate investment, development and sales company in South Florida – announced today that Jorge Escobar has joined as an equal partner alongside founding partner and CEO Camilo Lopez. Following more than 20 years in the international banking industry, most recently as Global Market Head of Chile for HSBC Private Bank, Escobar will serve as a managing partner in his new position.
TSG, which has successfully grown a portfolio of more than $400 million in assets since its inception in 2008, will utilize Escobar’s diverse financial expertise to enhance the firm’s boutique platform on a global level for investment in South Florida real estate. Capitalizing on Escobar’s institutional-minded discipline, the company’s new structure will focus on expanding its international network, while allowing for a more sophisticated and seamless approach to local market investment opportunities in a highly-personalized process.
“I am thrilled to welcome Jorge to the TSG family,” said Lopez.
“Having developed strong relationships in Latin America, the U.S. and Europe for decades, Jorge possesses an ideal combination of global investment experience and an entrepreneurial drive that add tremendous value to our organization. Complimenting my expertise identifying real estate opportunities and in design ideation, our partnership will now deliver a robust strategy to expand TSG’s company value.”
Prior to joining TSG, Escobar was responsible for overseeing more than $1.5 billion in funds for high-net-worth clients throughout the world. During his nine-year tenure with HSBC, he led some of the largest investment transactions in offshore private bank business in Latin America and generated significant new business from the region’s most noteworthy families.
Prior to HSBC, Escobar was head of the private bank business for ABN AMRO Bank in Chile for four years. He began his career at Citi Group as an investment advisor, and later served as vice president of BankBoston Private Bank for more than three years.
"It is with great pride that I join this trusted organization built on the foundation of astute leadership and solid fundamentals,” adds Escobar. “This is a natural move for me to enter the real estate environment given South Florida’s prime position to set global benchmarks and TSG’s unique and innovative platform, which now places the company at the forefront through our partnership.”
TSG’s "Innovative Thinking in Real Estate" philosophy is the driver behind its development strategy to create timeless projects that adhere to a singular vision of excellence. Since its founding in 2008, TSG has drawn together some of the top professionals in the industry, including star-architect Carlos Ponce de Leon, to realize landmark projects. These include the boutique cassa brickell condominium development in Miami, which is scheduled for completion this summer, and the completed cassa Georgetown townhome community outside Fort Lauderdale.
Led by CEO Camilo Lopez and Managing Partner Jorge Escobar, TSG will soon break ground on the first Class A luxury office condo building to be built in Coral Gables, Ofizzina, with the help of corporate office design specialist MKDA of New York. The firm has also purchased several land parcels for future development throughout the city, including the Miami River and Design District.