As an experienced executive who is able to draw on a vast record of entrepreneurial achievement, Arthur Falcone has continued to be prominently involved in all aspects of the real estate industry. The founding principal of Miami Worldcenter Associates and a co-founder of Encore Capital Management, Mr. Falcone’s sharp business acumen has served him incredibly well over his 35 years of executive-level experience. His vision and insight has led to expansive projects relating to real estate development, and his exceptional creativity is readily apparent in the magnificent renderings of his planned future projects.
Mr. Falcone’s current success in real estate is simply the most recent example of his talent for executive leadership resulting in wildly profitable business ventures. Mr. Falcone’s long and successful professional career as an executive began at the age of just 22, when he became the youngest operator of a McDonald’s franchise. His success with his first franchise quickly led to rapid expansion, as Mr. Falcone went on to become the owner of over 100 restaurants in multiple states throughout the country.
The success in the restaurant industry made it clear that Mr. Falcone possessed a rare skill for executive leadership and for identifying investment opportunities in a variety of industries. He became actively involved in real estate development in the late-1980s, forming Transeastern Properties, Inc. Under Mr. Falcone’s watch, this company would grow to become the most prominent builder of homes in the entire state of Florida, enabling Mr. Falcone to sell the company for a sum of $1.6 billion, making it one of the most significant private transactions in the entire history of the industry.
Following the sale of Transeastern Properties, Mr. Falcone used the resulting capital to continue to invest in profitable real estate ventures, eventually leading to the founding of Miami Worldcenter and Encore Capital Management, with both ventures continuing on in the spirit of Mr. Falcone’s successful prior endeavors. The impressive scale of the projects these ventures are currently undertaking should come as no surprise given Mr. Falcone’s history of grand achievements in such a wide variety of industries.
Through his work with Miami Worldcenter, Mr. Falcone has devoted his efforts to improving and revitalizing a number of urban areas that have been degraded due to disuse. These sorts of projects typically present any number of complex issues, but Mr. Falcone’s experience is expected to assist in overcoming the development of any such issues. His previous achievements in real estate and his keen vision for the restoration of these undeveloped areas has Miami Worldcenter Associates poised for a great deal of continued success.
The reason that there are such high expectations for Mr. Falcone’s efforts with Miami Worldcenter are not only due to his overwhelming success with Transeastern Properties, but also due to his history in establishing the Falcone Group. While serving as the CEO and chairman of the board of this organization, Mr. Falcone again created a highly profitable organization that focused on the development of both land and real estate while utilizing vertical integration in the process.
As for Encore Capital Management, Mr. Falcone’s administrative talents have assisted the firm in establishing a management portfolio valued at more than $1 billion. Mr. Falcone, along with his co-founder, has achieved this success by ensuring that Encore Capital Management functions as a diversified and multiple-fund investment firm that focuses on one of its co-founder’s many strengths: real estate and land development.
Of all of the real estate and land development that Mr. Falcone has oversaw throughout his long and prosperous career, perhaps it is the planned urban development in Miami that is his boldest yet. Currently approved and underway, the project aims to take advantage of the expansive 30-acre property in Miami’s underutilized downtown area. Mr. Falcone’s vision will see this property optimized through the development of commercial and residential real estate that would completely revitalize an area that is in need of an influx of businesses and residents alike.
In addition to these most recent ventures, Mr. Falcone is also heavily involved in a number of charitable endeavors. He is on the board of the Crohn’s and Colitis National Foundation while also serving in the same position with SOS Children’s Village. Mr. Falcone has also served as a benefactor for countless charitable organizations, including a donation to Junior Achievement BizTown that led to the development of a state-of-the-art facility promoting experiential learning relating to financial literacy and entrepreneurial endeavors.