Miami Worldcenter Associates
Nitin Motwani has served as the Managing Principal of Miami Worldcenter Associates since 2006. In this role, he has overseen the pre-development of a $2 billion mixed-use real estate project located in the heart of downtown Miami, Florida. Encompassing 27 acres of retail, residential and hotel uses, Miami Worldcenter is the largest urban development project underway in Miami and among the largest in the U.S. Mr. Motwani is responsible for every facet of the project, including land acquisition, zoning and entitlements, financing (public and private), joint ventures and development planning. Mr. Motwani is currently overseeing $1.2 billion of development at Miami Worldcenter and has secured over $500 million of debt in the past twelve months.
In 2009, Mr. Motwani was involved in the creation of Encore Capital Management (Encore), a private equity fund focused on opportunistic real estate investments and development. He now serves as Encore’s Managing Director, focusing on acquisitions, dispositions, development and fundraising. Encore is developing over 20,000 rental apartments, homes for sale, and residential lots with sell out revenue of approximately $4 billion. Encore assets under management are approximately $2 billion with committed equity in excess of $1 billion. Encore currently has investments in Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Diego, Sacramento, San Francisco, Portland, Jersey City, and Phoenix.
Earlier in his career, Mr. Motwani was the President of Merrimac Ventures where he oversaw the acquisition, entitlement, asset management and disposition of hotel, office, retail and residential assets throughout the country. Prior to joining Merrimac Ventures, Mr. Motwani was an equity derivatives trader at Goldman Sachs in New York.
An active member of the greater South Florida business community, Mr. Motwani serves as a member of the board of the Miami Downtown Development Authority where he is the chair of both the economic development and marketing committees and serves on the board of University of Miami’s Real Estate program. He is also a member of the Greater Miami Chamber of Commerce and the Beacon Council. Nationally, he is a member of both the Urban Land Institute (ULI) and International Council of Shopping Centers (ICSC). He is also a member of City Year’s Red Jacket Society, The Scleroderma Foundation, and does volunteer work in Haiti.
Mr. Motwani has been recognized as one of “Real Estate’s Rising Stars” by The Real Deal South Florida; one of South Florida’s “20 Emerging Leaders Under 40” by The Miami Herald; one of the country’s “Stars to Watch: Rising Leaders in Commercial Real Estate” by Commercial Property Executive Magazine; “Young Leader of the Year” by the Urban Land Institute; a “Top 40 Under 40” professional by the South Florida Business Journal; and a Power Leader in Commercial Real Estate by the South Florida Business Journal.
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University. He lives in Miami with his wife and three sons.