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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).

“Doesn't really mean shit plebby boi. LMK when you're pulling thiccboi cheques.“ — @m_1
 

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

 

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