Has anyone heard about Slate Property Group? Any info is appreciated
It seems like Slate is a developer, but also has a lending arm. Any info (deal flow, performance,culture, reputation, etc.) is highly appreciated.
It seems like Slate is a developer, but also has a lending arm. Any info (deal flow, performance,culture, reputation, etc.) is highly appreciated.
Career Resources
bump
They do a fair amount of redevelopments in Manhattan and Brooklyn. 51 Jay St in Dumbo is a nice warehouse condo redevelopment, but they also have a large rental portfolio.
Martin or David used to work with Josh Zegen at Madison Capital, but I don't remember the exact relationship. They've built a similar firm, but with the primary emphasis on owner / operator and lending as a secondary business.
Don't know their inner workings, but curious to know if the stabilisation laws have had a major impact on their deal flow (used to do a lot of acquire > IAI > lease at market rate > repeat).
Yes. Reputable developers. David is the man.
Any updates? Seems they have a solid portfolio in NYC with interesting projects as others have mentioned.
Anyone have an interview here?
Yeah I have, are you also in the process?
Yes. Did you just get call back or was it couple weeks back?
Pretty strong shop. Principals are very hooked into NYC and specifically Brooklyn politics, which has helped them make a switch from primarily market rate rental developers in the boroughs, to more of a hybrid shop where a lot of the new development is actually affordable or transitional housing rather than traditional luxury rental
Anyone get the offer?
You went through a final round after the Excel test and they made a decision? Guess I didn't get through.
Side comment heard its a sweat shop
Not surprised, seems like a good lower mid tier firm and could get could experience but they focus on non traditional assets such as homeless shelters - that raises red flags for me as a sketchier firm because a more institutional firm wouldn't touch those assets.
Haven’t heard the homeless shelter commentary. Have seen some garbage deals from them - wouldn’t want to work there if I was job hunting
This is such a laughably garbage take. If you don't know what you're talking about, maybe it's better to keep your mouth shut and listen?
That is...not how that works at all
Believe it or not, not every institution only invests in trophy assets.
If it pencils then it’s a good deal regardless of how sexy the product is.
Natus sint veniam molestias id et. Sed enim dolor ipsa est. Ut qui veritatis tempore et debitis iure.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...