Arena Capital, LLC, a Miami‐based, commercial real estate investment company that draws from a three‐decade lineage of family‐owned and operated real estate businesses that originated in Bogotá, Colombia and operated under the banners of R.V. Inmobiliaria, S.A. and Terranova Corporation. Since their inception in 1976, R.V. Inmobiliaria, S.A. and Terranova Corporation have managed over 60,000 residential and commercial units, and R.V. Inmobiliaria S.A. remains one of the largest real estate companies in Colombia. Arena Capital Holdings (ACH) was founded in 2002 by the family’s “next generation” and focuses on acquiring, repositioning, and adding value to retail properties. The company has increasingly centered its activities on Miami‐ Dade, Broward, and Palm Beach Counties during the past decade. From the outset, Arena’s strategy has been to seek off‐market, non‐institutional commercial real estate properties and marry fresh capital investment with its creative entrepreneurial approach to enhance value and income generation.