Bronx, New York – Affordable Housing Opportunity

January 6, 2019

As exclusive advisor, we are seeking $50 million of Programmatic Joint Venture Equity to acquire smaller, below the radar Residential/Affordable Housing properties in the Bronx.

Key Highlights

  • Sponsor currently has a seed investment UNDER CONTRACT which requires $3 million of JV Equity.
  • Sponsor currently owns 12 properties in the Bronx and has sold 11 properties with an average IRR of more than 25% per investment.
  • Average equity investment per deal ranges from $2 – 5 million.
  • Historically, all the acquisitions were made off-market, directly from sellers and were not marketed.
  • These smaller properties are clearly below the radar of institutional players, thus the returns are greater per investment than larger acquisitions, especially for anything located in New York City.
  • Sponsor has a robust pipeline and can invest $50 million of equity within the first 12 months.


For more information, please contact:

Michael Campbell – Partner (212) 716-5611

Steve Fenster – Managing Director (212) 716-5614



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Michael Campbell, CEO


Bronx, New York – Affordable Housing Opportunity