JV Partners Sought for Prime Manhattan Development Opportunities
August 24, 2012
I am writing to suggest that you contact us to receive information on several excellent, off-market, Manhattan development opportunities which we control.
Accepted wisdom is that cap rates on cash flowing Manhattan assets are going to continue to compress based on the continuing low interest rate environment and other political and economic factors which is keeping Manhattan real estate in high demand.
This is motivating investors from around the world to examine well-conceived and well located development opportunities in New York, in partnership with capable and honest partners who can execute the development scheme to make above average returns.
Moreover, Manhattan real estate has never been in greater demand as the continuing international flight to capital is causing many worldwide investors to both invest and look to reside in Manhattan, taking advantage of the economic stability and growth expectations.
In sum, I strongly encourage you to contact us as we can provide you with tremendous access to several highly profitable development opportunities with excellent partners in New York.
I look forward to hearing from you.
Thank you,
Howard L. Michaels
Chairman
