History2020-07-31T18:54:16+00:00

OUR HISTORY

OUR HISTORY

over 40 years of
strategic Excellence

For more than 40 years, Arthur Falcone’s extraordinary vision and entrepreneurial spirit have transformed skylines, revitalized communities, and changed the way urban communities live and play.

Mr. Falcone began his career in the late 1970’s New York when he joined his brother Ed in the McDonald’s management training program. Ed and Arthur began turning around underperforming McDonald’s franchises in New York City, and McDonald’s soon offered the brothers the exciting opportunity to own two franchises in upstate New York. They grew the business to nine McDonald’s franchises, and eventually, the Falcone Group operated over a hundred fast-food restaurants, hotels, and health clubs throughout New York, Florida, and California. The Falcone brothers partnered with premier national brands including McDonald’s, Fatburger, Days Inn Hotels, and Jack LaLanne Health Clubs to build a multimillion-dollar real estate and hospitality enterprise.

After a chance meeting with Dave Thomas, the founder and chairman of Wendy’s, the Falcone’s impressed Thomas with their operational successes, and in 1986 they moved to Florida after Thomas offered them the South Florida territory for Wendy’s. As the Wendy’s business grew, the Falcone’s found themselves investing in commercial real estate to support the growth of the franchise and then investing in larger commercial projects. This led the Falcone’s to find their true calling in real estate.

In 1988, the Falcone Group entered the homebuilding business through its subsidiary, Transeastern Homes Inc. Recognizing the opportunity in distressed real estate brought about by the national recession of the late 1980s and early 1990s, Transeastern began buying distressed vacant land in unfinished communities and providing new homes. As the economy rebounded, this asset base fueled Transeastern’s growth into the largest private homebuilder in the State of Florida and one of the top 25 homebuilders in the United States. As Transeastern grew, the Falcone Group branched out to make investments in related businesses including telecommunications, technology, and financial services. In 2005, as the homebuilding market peaked, Mr. Falcone sold Transeastern and its affiliated land company for $1.6 billion in total consideration, resulting in one of the largest private transactions in the history of home building and land sales. Soon thereafter, Ed elected to pursue personal investments and retired from the Falcone Group, but Arthur continued to grow the business and develop real estate projects nationally.

Today, The Falcone Group is well known for its ability to transform underutilized properties into high-demand destinations that bring new life to urban centers and drive economic innovation for the surrounding community. The Falcone Group has gone on to be involved in some of the country’s largest and most important projects.

REAL ESTATE DEVELOPMENT
FUND MANAGEMENT
PORTFOLIO

ART
FALCONE

Arthur Falcone is the co-founder and Managing Principal of Encore Capital Management and Rescore Property Corp, which oversees $7 billion in large mixed-use developments and retail centers that combine the best opportunities for dining, entertainment, and living.

Arthur Falcone’s extraordinary vision also includes the Miami Worldcenter, one of the largest master-planned urban environments in the United States. Spanning more than 30 acres in the heart of downtown Miami, the development changes the way residents and visitors experience the city with more than 15 million square feet of development that includes retail, entertainment, hotels, residential units, and offices.

Since its founding 40 years ago, the Falcone Group has always sought out groundbreaking investment opportunities and to continue its legacy of the entrepreneurial spirit that drives redevelopment of major U.S. metropolitan areas.

Art Falcone is a committed supporter of the following philanthropic efforts:

over 40 years ofstrategic Excellences

For more than 40 years, Arthur Falcone’s extraordinary vision and entrepreneurial spirit have transformed skylines, revitalized communities, and changed the way urban communities live and play.

Mr. Falcone began his career in the late 1970’s New York when he joined his brother Ed in the McDonald’s management training program. Ed and Arthur began turning around underperforming McDonald’s franchises in New York City, and McDonald’s soon offered the brothers the exciting opportunity to own two franchises in upstate New York. They grew the business to nine McDonald’s franchises, and eventually, the Falcone Group operated over a hundred fast-food restaurants, hotels, and health clubs throughout New York, Florida, and California. The Falcone brothers partnered with premier national brands including McDonald’s, Fatburger, Days Inn Hotels, and Jack LaLanne Health Clubs to build a multimillion-dollar real estate and hospitality enterprise.

After a chance meeting with Dave Thomas, the founder and chairman of Wendy’s, the Falcone’s impressed Thomas with their operational successes, and in 1986 they moved to Florida after Thomas offered them the South Florida territory for Wendy’s. As the Wendy’s business grew, the Falcone’s found themselves investing in commercial real estate to support the growth of the franchise and then investing in larger commercial projects. This led the Falcone’s to find their true calling in real estate.

In 1988, the Falcone Group entered the homebuilding business through its subsidiary, Transeastern Homes Inc. Recognizing the opportunity in distressed real estate brought about by the national recession of the late 1980s and early 1990s, Transeastern began buying distressed vacant land in unfinished communities and providing new homes. As the economy rebounded, this asset base fueled Transeastern’s growth into the largest private homebuilder in the State of Florida and one of the top 25 homebuilders in the United States. As Transeastern grew, the Falcone Group branched out to make investments in related businesses including telecommunications, technology, and financial services. In 2005, as the homebuilding market peaked, Mr. Falcone sold Transeastern and its affiliated land company for $1.6 billion in total consideration, resulting in one of the largest private transactions in the history of home building and land sales. Soon thereafter, Ed elected to pursue personal investments and retired from the Falcone Group, but Arthur continued to grow the business and develop real estate projects nationally.

Today, The Falcone Group is well known for its ability to transform underutilized properties into high-demand destinations that bring new life to urban centers and drive economic innovation for the surrounding community. The Falcone Group has gone on to be involved in some of the country’s largest and most important projects.

Real Estate Development
FUND MANAGEMENT
PORTFOLIO

Art Falcone

Arthur Falcone is the co-founder and Managing Principal of Encore Capital Management and Rescore Property Corp, which oversees $7 billion in large mixed-use developments and retail centers that combine the best opportunities for dining, entertainment, and living.

Arthur Falcone’s extraordinary vision also includes the Miami Worldcenter, one of the largest master-planned urban environments in the United States. Spanning more than 30 acres in the heart of downtown Miami, the development changes the way residents and visitors experience the city with more than 15 million square feet of development that includes retail, entertainment, hotels, residential units, and offices.

Since its founding 40 years ago, the Falcone Group has always sought out groundbreaking investment opportunities and to continue its legacy of the entrepreneurial spirit that drives redevelopment of major U.S. metropolitan areas.

Art Falcone is a committed supporter of the following philanthropic efforts:

A History of Success

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