Today marks one of the most important milestones in the history of Samana Group. After an intensive, multi-month process, we have finalized and signed a strategic execution partnership structure covering both infrastructure and housing delivery for Nomad City.
Why execution is the real test
Anyone can sell a vision. The harder question, and the one serious buyers and investors should ask, is who will actually build it, to what standard, on what timeline and at whose risk. In real estate the most common way projects fail is not a bad idea or a bad site. It is a gap between a promise and the ability to deliver roads, drainage, power, water and houses on a remote peninsula. That gap is called execution risk, and it is what this partnership is designed to close.
What is new about it
To the best of our knowledge, no other developer in the Dominican Republic has structured a comparable partnership with an execution consortium under these terms. For the first time we have an integrated framework that combines infrastructure and housing execution with two features that change the incentives:
- Payment after delivery. The consortium is paid for work once it is delivered, so it carries delivery risk rather than the buyer or the developer carrying it alone. When contractors are paid on completion, their incentives point at finished work, not at billable work in progress.
- Insurance-backed risk mitigation. Insurance sits behind the delivery obligations, so a failure is a covered event with a process behind it, not just an argument between lawyers.
Following the issuance of our Landbank securities with a Swiss ISIN and Swiss custody, this is another example of us building structures that did not previously exist in the regional real estate market. The first one made the financing credible. This one makes the building credible.
The consortium
The consortium is led by Engineer Raúl Sosa and R-Sosa Constructora, one of the most experienced infrastructure execution groups operating in Samaná and across the Dominican Republic, with a strong track record in large-scale road, drainage and utility projects. It is supported by Solución Modular, a Dominican construction company with nearly a decade of industrialized construction experience, and by specialized subcontractors including BIRSA Electric, with 36 years of international engineering experience, and Ricardo Cruz & Associates, with more than 15 years of civil works, excavation, paving and infrastructure experience.
I want to underline one choice: we picked Dominican firms with long local track records. Local knowledge of terrain, rainfall, permitting and labor is exactly what imported contractors tend to learn the hard way. Their decision to partner with us is a strong validation of the seriousness, scale and long-term vision of what we are building.
A personal note
When I first arrived in this part of Samaná nearly nine years ago, I was driving on one of the roads this consortium had completed only weeks earlier. Without that infrastructure, access to many parts of the peninsula would still be extremely difficult. Roads are the quiet precondition of everything else. They decide whether a farmer can reach a market, whether an ambulance arrives in time and whether a place is investable at all. Today we are working together on the next generation of infrastructure that will shape the region’s future.
Thank you to the entire Samana Group team for the enormous effort behind this milestone, to the legal team of our fiduciary partner, and to our investment committee, who closely oversaw the entire process. The last few years have tested this company in extraordinary ways, and the team kept moving forward, adapting, restructuring and building.
We still have an enormous amount of work ahead, and execution matters more than ever. But today turns years of planning into large-scale execution capability. Thank you to everyone who stayed with us on this journey.
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