Private Real Estate Investment · Est. 2013
Miami-based. Opportunistic, value-add, and contrarian across the East Coast and Southeast. Deployed with conviction since 2013.
About Dragonfly
Dragonfly Investments was founded in 2013 by Jason Morjain and Irving Weisselberger as a private, well-capitalized real estate investment group based in Miami, Florida. The firm executes an opportunistic strategy — focused on distressed, deep value-add, and contrarian investing — across retail, multifamily, industrial, hospitality, and real estate debt.
We are self-funded and independent from institutional mandates. That independence — combined with in-house underwriting, legal, and asset management — means we can move decisively when the right opportunity appears.
From grocery-anchored shopping centers to Class A industrial development and affordable housing, we build a portfolio that endures across cycles.
We invest where the complexity lives — distressed debt, adaptive reuse, workforce housing, mezzanine positions. And we invest our own capital alongside a carefully selected group of investors who share our time horizon and conviction.
How We Invest
Four strategy groups, eight asset classes, and the flexibility to deploy capital where the risk-adjusted return lives. Our vertical integration lets us move quickly on complex transactions others can't close.
Grocery- and discount-anchored shopping centers across the East Coast and Southeast.
Regency Plaza · Pulaski Plaza · River Exchange
Market-rate, workforce, and affordable housing in high-growth markets.
Irving Flagler · Gem of Hallandale
Class A warehouse and distribution assets, including ground-up tilt-up development.
Dragonfly Commerce Park (407K SF)
Historic buildings and underutilized assets reimagined for modern use.
The Emancipator · Selina Miami Gold Dust
Boutique hotels and entertainment venues in urban Miami and beyond.
Casa Florida · Selina Miami Gold Dust
Single-tenant, long-duration income assets with credit-quality operators.
Notes, mortgages, and distressed debt across retail, industrial, and mixed-use.
CVS Portfolio Mezzanine (5 locations)
Early-stage investments in technology platforms shaping the future of real estate.
Acquisition Criteria
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 — sponsoring acquisitions and developments outright, with Dragonfly capital at the top of the stack.
Selective preferred equity positions with institutional sponsors where structure, operator, and pricing meet our return thresholds.
Mezzanine 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. 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 project announced with the City of 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.
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.
Jacksonville, FL · 205,696 SF
206,000 SF shopping center anchored by Burlington, OfficeMax, and dd's Discounts.
Pulaski, VA · 112,340 SF
112,000 SF Food Lion-anchored shopping center in the Blue Ridge region.
Miami, FL
58-unit adaptive reuse of a 1957 Biscayne Boulevard motel. Reopened 2020.
Lawrenceville, GA · 273,023 SF
Kroger-anchored 273,000 SF center. Acquired 2021 at $19.3M, realized 2026 at $23.4M.
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.
Our Approach
Self-funded, vertically integrated, and independent from institutional mandates. We underwrite every deal on our own terms and act when we have conviction.
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 — we underwrite 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.
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.
Realized Investments
Disciplined underwriting produces disciplined returns. A look at recently realized investments in the Dragonfly portfolio.
Lawrenceville, GA · 273,023 SF · Kroger-Anchored Retail
Acquired in February 2021 from Monarch Investments as part of a joint venture with America's Realty and Borough Equities. Held through a five-year operational improvement period — tenant mix upgraded, NOI strengthened, Kroger lease extended — and realized in March 2026 at a 21% premium to basis.
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.
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.
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.
Latest News
March 2026 · Shopping Center Business
Dragonfly Investments, as part of a joint venture with BASH Capital and America's Realty LLC, 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.
