Miramar Capital was founded in 2017 by senior members of the U.S. acquisitions team from Colony Capital, Inc. The team has been investing together for nearly 10 years across the U.S., in all major asset classes, and up and down the capital stack. During their time at Colony, the team assembled an exceptional track record consisting of 45 investments with an aggregate of approximately $5.0B of total capitalization and $2.5B of equity, with the portfolio achieving blended underwritten returns and no investment generating a capital loss.
Today, less than two years after launching, Miramar Capital has already completed over ten separate acquisitions and has a total of approximately $800M of assets under management.
Miramar Capital is focused on high quality office and multifamily investments in California. We are based in Santa Monica, California with a regional office located in Silicon Valley.
Prior to founding Miramar Capital, Mr. Fuhrman was Executive Director and Head of U.S. Acquisitions at Colony Capital, Inc. At Colony, Mr. Fuhrman led many of the firm’s flagship debt fund investments (Colony Distressed Credit and Special Situations Fund, I-IV). In addition, he was responsible for new strategic initiatives and actively participated in real estate-related fundraising efforts. From 2010 to 2014, Mr. Fuhrman also served as the CEO of Colony’s Asset Management Company. During his tenure at Colony, Mr. Fuhrman was responsible for the sourcing and consummation of more than 42 investments representing more than $5.0B of total capitalization and $2.5B of invested equity.
Prior to joining Colony in 2008, Mr. Fuhrman was an Equity Partner at Latham & Watkins, LLP where he co-chaired the firm's global real estate practice group. Mr. Fuhrman serves on the board of the Los Angeles chapter of the Make-A-Wish Foundation. In 2012, he founded the Make-A-Wish Real Estate Division which has raised over $2.0M to date. Mr. Fuhrman is a periodic guest lecturer at both the USC and UCLA law schools on the subject of real estate finance and investing.
Mr. Fuhrman received his J.D. degree (Cum Laude) from Loyola Law School, Los Angeles in 1995 and his B.A. in Economics from the University of California, Los Angeles in 1991.
Prior to founding Miramar Capital, Mr. Yi was a Managing Director at Colony Capital, Inc. where he was responsible for sourcing, evaluating, executing and managing opportunistic debt and equity investments across all property types. During his tenure at Colony, Mr. Yi was responsible for the sourcing and consummation of more than 40 investments representing more than $4.5B of total capitalization.
Prior to joining Colony in 2010, Mr. Yi was an Assistant Vice President of Acquisitions at Rockwood Capital in Los Angeles. He focused on the acquisition of commercial real estate properties throughout the Western U.S. Before joining Rockwood, Mr. Yi spent several years at CoastWood Capital Group, a boutique real estate private-investment firm focused on both public and private real estate assets. While at CoastWood, Mr. Yi focused on equity investments in retail, land development, senior housing, specialty residential and other operationally intensive real estate. From 2003 to 2006, Mr. Yi worked at AEW Capital Management specializing in the acquisition and disposition of opportunistic real estate investments. Mr. Yi began his career within the audit group of KPMG.
Mr. Yi received his B.S. in accounting from the University of Southern California in 2000.
Prior to founding Miramar Capital, Mr. Hariri was a founder of Fortbay, LLC, a diversified commercial real estate investment and development company which acquired and invested in $250M of commercial multi-family and office development properties in Silicon Valley over a 3 year period. Prior to that, Mr. Hariri was a special opportunity Investment Manager and Portfolio Manager of an $800M distressed commercial property loan portfolio for Colony Capital. Prior to that, Mr. Hariri was a principal of 2 privately held Land Development and Homebuilding companies in Northern California which reached a high of $100M of annual revenues over a 6 year span. Prior to that, Mr. Hariri held executive management positions at Centex Homes and Centex Destination Properties and KB Homes over a 6 year period. Prior to that, Mr. Hariri practiced as an attorney and civil engineer in California.
Mr. Hariri received his J.D. degree (Cum Laude) from the University of San Diego School of Law in 1997 and a B.S. degree in Civil Engineering from University of California, Los Angeles in 1992.