NYC startup to buy Miami condos at a discount and open to investors

It’s a buyer’s market in Miami, and a new startup wants to capitalize on the glut of condos on the market.

New York City-based Compound, led by CEO Janine Yorio, is under contract to purchase a unit at Brickell City Centre, and will open up a vehicle for accredited investors to buy shares. Using the same model, the investment firm hopes to buy hundreds of condos that it will lease to renters.