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.
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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).
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.
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