Armando Codina is Executive Chairman of Codina Partners, LLC, a real estate investment and development firm based in Coral Gables, Florida. Mr. Codina formed Codina Partners in 2009 and through this entity and its affiliates is engaged in multiple real estate development and investment activities. The firm’s portfolio includes mixed-used projects, commercial buildings and other investments primarily in Florida.
Previously Mr. Codina served as Chairman of Flagler, a full-service commercial real estate firm headquartered in Coral Gables, Florida. The company’s portfolio spanned more than 12 million square feet of Class-A office and industrial space throughout Florida. He continued to serve as the non-executive chairman of Flagler until December 31, 2010.
Prior to that Mr. Codina served as chairman and CEO of Codina Group, a South Florida-based commercial real estate firm, which he founded in 1979. Under his leadership the firm grew to be Florida’s largest privately-held commercial real estate company. In 2006, Mr. Codina merged his firm with Flagler Development Group, part of Florida East Coast Industries, Inc. (NYSE: FLA). In July 2007, FECI was sold to Fortress Investment Group.
Before establishing Codina Group, Mr. Codina served as president of Professional Automated Services, Inc. (P.A.S.), a firm created in 1970 to provide data processing services to physicians. As a result of the firm’s success, Mr. Codina is recognized as a pioneer in the development of comprehensive medical management systems, including processing, accounts receivable, management reporting and multiple financial services.
Mr. Codina currently serves on the board of directors of The Home Depot and board of trustees of the Mayo Clinic. In addition, Mr. Codina serves on a number of professional, civic, and educational organizations, including Trustee of the National Foundation for Advancement in the Arts/YOUNG ARTS, Chair of the Town Square Neighborhood Development Corp, Chairman Emeritus of Florida International University; co-founder Community Partnership for the Homeless; and a member of the Florida Council of 100, among others.
In September of 2011, Mr. Codina received the Urban Land Institute’s Lifetime Achievement award. Other awards he has received over the past 15 years are: the University of Florida Bergstrom Center Hall of Fame Award; ‘Free Enterpriser of the Year’ by the Florida Council on Economic Education; ‘Developer of the Year’ by the National Association of Industrial and Office Properties (NAIOP); ‘Office Developer of the Year,’ ‘Shopping Center Developer of the Year,’ and ‘Entrepreneur of the Year’ by the Wharton School; the Building Association of South Florida’s Hall of Fame; the Charles Whited ‘Spirit of Excellence Award’ from Knight Ridder Newspapers; the Hispanic Entrepreneur Award from NCNB National Bank, today known as Bank of America; ‘Humanitarian of the Year’ award from the American Red Cross; ‘Sand In My Shoes’ lifetime achievement award from the Greater Miami Chamber of Commerce; and the Merage Foundation’s ‘National Leadership’ award, which recognizes leaders whose journeys to the United States as immigrants have made a positive impact on the quality of life for all Americans.
Recent Insider Stock Activity
As of 2002, he owns 44,554 shares in BellSouth Florida (NYSE:BLS) worth $1,135,681.46 as of March 2005. In 2003, he purchased 5,000 shares of interest in the FPL Group, worth approximately $197,450 in 2005.
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