Hi there! Welcome to my website.

Early life and education

I was born in Seoul, South Korea and spent the first three months of my life in an orphanage. My biological parents couldn’t afford to raise me, so I was adopted by an American family and brought to the U.S. as an infant. We landed in Honolulu, then moved to Long Beach, and eventually settled in Seal Beach, California.

I was raised by a single mother who worked as a secretary and made $30,000 a year. She did everything she could to support me and my sister, Leslie, who I’m still very close with today. Watching my mom sacrifice so much shaped my work ethic early on. I studied relentlessly, worked seven days a week through school, and devoured every book I could find. I played football at Los Alamitos High School, where we won the CIF Division One championship my senior year.

My senior year in college, I lost both of my parents.

It was one of the hardest chapters of my life—but it also lit a fire in me to do something bigger.

I became the first in my family to go to college, earning a degree in Economics from UC Santa Barbara. From there, I pursued my MBA at NYU’s Stern School of Business, driven by a passion for real estate and the belief that it could be a platform for generational change.

Career

After business school, I joined Bank of America Merrill Lynch in New York, working in real estate investment banking. I was part of the team that led major IPOs like MGM Growth Properties ($1.2 billion) and Paramount Group ($2.6 billion)—the largest REIT IPO in U.S. history. We led financings for Avalon Bay, Digital Realty Trust, and MGM Resorts, helping them raise billions in capital. Earlier in my career, I also taught financial modeling to analysts at Goldman Sachs, Evercore, and Credit Suisse.

Today, I’m the CEO and founder of Prosper Group, a real estate development and investment firm based in Miami. We’re currently developing a 622-unit mixed-use condo-hotel on Water Street in downtown Tampa, in partnership with Arc Development, with a projected sellout of $600 million.

We have two development projects in Brickell Miami and a waterfront luxury condo project in North Bay Village. Previously Prosper advised on the $400 million Legacy Miami Worldcenter project—600,000 square feet of condos, hotel rooms, office space, and retail at the heart of downtown Miami.

At Prosper Group, we focus on acquiring irreplaceable land for condo developments in Florida and building a national portfolio of high-performing car washes.

Every project I take on reflects the values that shaped me—resilience, long-term vision, and a deep respect for the people and places that make these developments possible.

 

RECENT PRESS

 

Prosper & MG Developer close on North Bay Village site for $31 million.

OCTOBER 9, 2024

PROSPER GROUP, MG DEVELOPER, PAY $31M FOR NORTH BAY VILLAGE CONDO DEVELOPMENT SITE

Miami Beach-based Prosper, a development firm led by Jay Roberts, has been in contract to buy the 1-acre assemblage at 1681 North Bay Causeway and 1725 79th Street Causeway. Coral Gables-based MG Developer, led by CEO Alirio Torrealba, is partnering with the firm. The JV closed on the site for $31 million in October 2024.

 

Prosper Group’s Jay Roberts in contract on $70 million of Miami development sites.

PROSPER GROUP IN CONTRACT TO BUY DEVELOPMENT SITES IN BRICKELL, NORTH BAY VILLAGE MIAMI FOR $70 MILLION

Jay Roberts’ firm plans to partner with developers on Brickell condo-hotel, waterfront condo tower in North Bay Village. Prosper inked contracts for a Brickell development site at 1040 South Miami Avenue in Miami for $40 million, and the assemblage at 1681 and 1725 Kennedy Causeway in North Bay Village for $30.5 million.

 

Ora Condo-Hotel Tampa

MAY 31, 2024

PROSPER GROUP PLANS $600 MILLION CONDO-HOTEL NEAR WATER STREET TAMPA

Prosper Group in partnership with ARC Realty Group and Sunwest Construcution is developing Tampa’s first Airbnb condo-hotel. The $600 million project will be 39-stories, include 622 units with a mix of residences and hotel rooms and 10,000 square feet of amenities.

 
Jay Roberts Prosper Group Tampa

Prosper Group featured in Silicon Review

NOVEMBER 1, 2022

50 MOST ADMIRED COMPANIES OF THE YEAR 2022 - SILICON REVIEW

Solving the housing shortage in the United States: Prosper Group. “We aim to be the direct line of connection between New York, Miami, Los Angeles, and international capital and Tampa developments.”

 

Prosper chooses Tampa over Miami

OCTOBER 21, 2022

SEEKING COUNTERINTUITIVE DEALS, STARTUP DEVELOPMENT FIRM CHOSE TAMPA OVER MIAMI

It was almost two years ago when Jay Roberts, a real estate investment banker who’d worked for major international financial institutions, decided to go out on his own and start a commercial real estate development firm.

 

MAY 20, 2022

JAY ROBERTS NAMED TOP 100 PEOPLE IN REAL ESTATE MAGAZINE

Some people are born with advantages—wealthy parents, a business legacy, a preordained career path. Some, you might say, are just lucky. They always seem to be in the right place at the right time—a seat next to a CEO on a long flight, a classmate with an inroad to the hiring manager of a Fortune 500 company, a chance encounter with Mark Cuban. This is not the story of someone who capitalized on that type of fortune.

 
Jay Roberts of Prosper Group advised on $340 million construction loan for Legacy Miami Worldcenter

Legacy Miami Worldcenter Mixed-Use Development

DECEMBER 14, 2021

prosper group’s jay roberts advises on legacy miami worldcenter $340 million construction loan,the third largest in florida history

Royal Palm Companies, a Miami-based developer led by Dan Kodsi secured a $340 million construction loan from New York City-based Silverstein Capital Partners for the development of Legacy Miami Worldcenter, a luxury mixed-use residential and hotel skyscraper in downtown Miami.

 

Water Street Tampa is redefining the Tampa skyline.

JANUARY 27, 2022

Jay Roberts of Prosper Group Discusses Why He Is Investing In Tampa Real Estate

“Tampa is experiencing a massive growth boom that happens to certain cities once a decade. Tampa is the next Austin, Texas, Nashville, Tennessee, and Denver, Colorado in terms of hockey stick growth.”

 
Jay Roberts Prosper Group discusses hot tampa real estate market

Zillow ranks Tampa #1 hottest housing market in US for 2022

JANUARY 6, 2022

jay roberts of prosper group discusses the hot tampa real estate market

Like most of the country, Tampa has been experiencing a robust real estate market. Zillow has in fact named Tampa the #1 hottest housing market in the US for 2022, citing home values in Tampa are expected to grow 24.6%, far greater than the national average of 14.3%.