Private Real Estate Investment · Est. 2013
$750M+ deployed across the East Coast and Southeast since 2013. We invest our own capital, answer only to our own conviction, and close when we have it.
About Dragonfly
Dragonfly is a private real estate firm founded in Miami in 2013 by Jason Morjain and Irving Weisselberger. We write checks with our own capital and deploy it alongside a tight circle of investors and partners we've worked with for years.
No outside mandates. No committees. No noise. When the right deal lands on our desk — a distressed note, an underwritten retail center, an off-market development site — we decide, we underwrite, and we close.
We built the firm around the complexity others avoid. Distressed debt. Adaptive reuse. Workforce housing. Mezzanine positions behind senior debt. Grocery-anchored retail in markets we know by heart. Every asset has a thesis. Every thesis has our own capital at risk.
That's the family-office part. Serious money, seriously personal.
Our Approach
We answer to our own capital, our own underwriting, and the investors who've been with us since day one. That's the whole operating model.
We close on our timeline, not a committee's. In-house underwriting, legal, and asset management mean we move when conviction strikes.
Distressed debt, adaptive reuse, workforce housing, mezzanine positions — the deals where complexity is where the value lives.
Conservative assumptions, stress-tested underwriting, and a dedicated investor portal. Investors see what we see — in real time.
How We Invest
We don't spread ourselves across every asset class we can underwrite. We concentrate where the firm's experience actually earns its return — and leave the rest on the table.
The backbone of the portfolio. Cash-flowing assets in markets we know.
Grocery- and discount-anchored shopping centers across the East Coast and Southeast.
Regency Plaza · Pulaski Plaza · River Exchange
Class A warehouse and distribution — including ground-up tilt-up development.
Dragonfly Commerce Park (407K SF)
Where people live, stay, and build — from workforce housing to adaptive reuse.
Market-rate, workforce, and affordable housing in high-growth markets.
Irving Flagler · Gem of Hallandale
Boutique hotels and entertainment venues in urban Miami and beyond.
Selina Miami Gold Dust · Casa Florida
Historic buildings and underutilized assets reimagined for modern use.
The Emancipator · Selina Miami Gold Dust
Where complexity earns the return. Credit, structure, and selective tech.
Notes, mortgages, and distressed debt — the strategy that defined 2008–2013 and still drives alpha.
CVS Portfolio Mezzanine (5 locations)
Single-tenant, long-duration income assets with credit-quality operators.
Selective early-stage investments in technology platforms reshaping real estate.
How We Underwrite
East Coast and Southeast, 10+ states, with deep presence in Florida, Georgia, the Carolinas, Virginia, and the Mid-Atlantic.
$15M–$75M core deal size. Capacity up to $150M+ for strategic acquisitions.
Opportunistic · Value-Add · Distressed · Contrarian
Capital Flexibility
Our primary strategy. We sponsor outright, with Dragonfly capital at the top of the stack.
Selective preferred positions when the structure, operator, and pricing clear our return thresholds.
Mezz positions behind senior debt when the risk-adjusted yield justifies the subordination.
Portfolio
A selection of active, in-development, and realized investments across the Dragonfly portfolio.
Anna, TX · 355,826 SF
Preferred equity position in a 355,000 SF multi-tenant retail development in the Dallas–Fort Worth growth corridor. 70% pre-leased.
FL · IN · OH,
Mezzanine debt acquisition across a five-property single-tenant CVS portfolio spanning Florida, Indiana, and Ohio.
Port St. Lucie, FL · 407,099 SF
407,000 SF Class A industrial park in the Tradition Center for Commerce. Four-building tilt-up development on 25 acres, Free Trade Zone 218, first tenant Florida Forklift.
Miami, FL
Upper East Side Miami mixed-use development on Biscayne Boulevard. Targeting 2027 opening.
Miami, FL
197-unit residential development with ground-floor retail on Flagler Street.
Hallandale Beach, FL
Twelve-story residential and retail development at 411 N. Dixie Highway, with a significant workforce-housing component.
Miami, FL
Historic property restoration in Miami. Adaptive reuse of heritage structures.
Miami, FL
Reimagined industrial warehouse operating as a collector-car exhibition and private event venue in Miami.
Cutler Bay, FL · 12,400 SF
12,400 SF restaurant and retail center on 1.75 acres. Delivery Q1 2026.
Realized Investments
Disciplined underwriting produces disciplined returns. A selection of realized investments in the Dragonfly portfolio.
Lawrenceville, GA · 273,023 SF · Kroger-Anchored Retail
Dragonfly acquired River Exchange in February 2021 and held it through a five-year operational improvement period — tenant mix upgraded, NOI strengthened, and the Kroger lease extended. Realized in March 2026 at a 21% premium to basis.
Wilmington, NC · 74,370 SF
Acquired and operated a 74,370 SF community shopping center in Wilmington's Monkey Junction retail corridor — strong national and regional tenancy (Staples, CATO, Massage Envy, shadow-anchored by Home Depot) with upside through in-line leasing and pad development.
Brunswick, GA · 203,876 SF
Acquired and operated a 203,876 SF grocery-anchored community shopping center near I-95 — the gateway to St. Simons and Sea Island. Anchored by Winn-Dixie, Maxway, Dollar Tree, Rent-A-Center, Habitat for Humanity, and Tradex USA.
Cornelia, GA · 161,130 SF
Acquired and operated a 161,130 SF community shopping center anchored by Tractor Supply and Goodwill, with meaningful leasing upside and future outparcel potential.
Hopkinsville, KY · 116,611 SF
Acquired and operated a 116,611 SF retail center on Fort Campbell Boulevard — one of Hopkinsville's primary retail corridors — anchored by Big Lots and Planet Fitness.
Rocky Mount, NC · 81,870 SF
Acquired and operated an 81,870 SF shopping center across from the area's major mall, anchored by Ollie's Bargain Outlet, with additional land for expansion or ground-lease opportunities.
Rome, GA · 89,596 SF
Acquired and operated an 89,596 SF neighborhood shopping center anchored by Big Lots, with Citi Trends added as a junior anchor and significant small-shop leasing upside.
Interested in Investing
Dragonfly offers select investment opportunities to accredited investors by introduction. If you'd like to learn more about how we invest, we'd welcome a conversation.
Our Footprint
Dragonfly's portfolio spans the East Coast, Southeast, and selective Midwest markets. We invest where we can underwrite with local insight — and walk the property ourselves before capital moves.
Firm Milestones
$23.4M exit at a 21% premium to 2021 basis.
407,000 SF Class A industrial park, Port St. Lucie, FL.
$46M power center acquisition — largest single transaction to date.
Selina Miami Gold Dust adaptive reuse, 7700 Biscayne Blvd.
Jason Morjain and Irving Weisselberger launch the firm in Miami.
Leasing
5M+ square feet across retail, industrial, and mixed-use properties in Florida, Georgia, Ohio, Virginia, and more. Our leasing team responds to every qualified inquiry within two business days.
Port St. Lucie, FL · 407,099 SF
407,000 SF Class A industrial park in the Tradition Center for Commerce. Four-building tilt-up development on 25 acres, Free Trade Zone 218, first tenant Florida Forklift.
Jacksonville, FL · 205,696 SF
206,000 SF shopping center anchored by Burlington, OfficeMax, and dd's Discounts.
Cuyahoga Falls, OH · 458,935 SF
459,000 SF multi-tenant power center anchored by Giant Eagle, Burlington, Dick's, Floor & Decor, and Lowe's Outlet.
Pulaski, VA · 112,340 SF
112,000 SF Food Lion-anchored shopping center in the Blue Ridge region.
The Team
CEO & Co-Founder
Jason co-founded Dragonfly in 2013 and leads acquisitions, underwriting, and strategy. Since inception he has overseen more than $750 million in commercial, residential, hospitality, and industrial transactions across the Southeast and East Coast.
CFO & Managing Partner
Irving co-founded Dragonfly in 2013 and leads the firm's finance, capital, and investor operations. He has overseen acquisitions spanning more than 5 million square feet of retail and over 200 residential and multifamily properties.
Chief Technology Officer
Christopher leads Dragonfly's technology strategy, overseeing the firm's investor-platform infrastructure, data and analytics capabilities, and evaluation of prop-tech investments. He partners with the acquisitions and asset-management teams to embed technology directly into how Dragonfly underwrites, operates, and reports on every asset.
Executive Vice President
Julie is a founding member of Dragonfly and oversees day-to-day operations, asset management, and investor relationships. She partners with the acquisitions team on underwriting and diligence for every transaction.
Head of Development
Amanda leads Dragonfly's entitlement, development, and construction efforts. With more than 15 years of experience in residential, hospitality, and commercial development, she specializes in historic renovation and innovative new construction.
Latest News
March 2026 · Shopping Center Business
Dragonfly realized the sale of River Exchange, a 273,023 SF Kroger-anchored shopping center in Lawrenceville, GA. Acquired in 2021 at $19.3M; realized in 2026 at $23.4M — a 21% premium to basis.
TransactionJune 2025 · REBusinessOnline
Fully leased 149,397 SF community retail center anchored by Goodwill, Tractor Supply, Ross, and Dollar Tree realized in the Dragonfly portfolio.
DevelopmentDecember 2025 · Community News
Community coverage of the approved Dragonfly Shops at Old Cutler project, a 12,400 SF restaurant and retail center on Old Cutler Road.
Work With Us
Four audiences, four paths. Choose the one that fits and a member of our team will respond personally.
