Renaissance Realty Group is aggressively pursuing the acquisition, development, and redevelopment of commercial, multifamily communities, and mixed-use real estate throughout the New York. The strategy includes ground-up development, adaptive re-use, and the acquisition and redevelopment of existing assets. Renaissance Realty Group has acquired, managed, and developed over 5.0 million square feet of commercial space and over 5,000 multifamily units.

Multi-Family Acquisition Criteria

• Investment Strategy: Value-add, core plus, and opportunistic; renovation and major redevelopments preferred
• Product Type: Garden style or mid-rise communities
• Target Deal Size: $3,000,000 to over $50,000,000 (minimum of 50 units)
• Target Markets: The Northeast with a strong preference for Brooklyn, Queens, Manhattan, Bronx, and Staten Island.

Retail Acquisition Criteria

• Investment Strategy: Value-add, core plus, and opportunistic; renovation and major redevelopments preferred
• Product Type: Neighborhood, Community, Power Centers and Mixed-Use
• Target Deal Size: $5,000,000 to over $50,000,000 (minimum of 25,000 square feet)
• Target Markets: The Northeast with a strong preference for Brooklyn, Queens, Manhattan, Bronx, and Staten Island.

Development/ Land Acquisition Criteria

• Product Type: Land for Garden style and Mid-rise multifamily communities, Commercial, and Mixed-use development with a strong preference for infill locations
• Target Land Size: 10,000 to over 200,000,000 square feet
• Total Deal Size: $3,000,000 to over $20,000,000
• Target Markets: The Northeast with a strong preference for Brooklyn, Queens, Manhattan, Bronx, and Staten Island.
• Deal Structures: Renaissance Realty Group will consider joint ventures and ground leases, although it prefers fee simple acquisitions

Strengths

• All cash buyer with full discretion over capital.
• Local and quick decision-making; investment committee controlled by firm principals.
• Ability to overcome complex issues, such as environmental concerns, high vacancy, redevelopment issues, tenant issues, and deferred maintenance.
• Reliable offering prices as a result of material review by Renaissance Realty Group experienced internal development, asset management and leasing teams.
• Willingness and ability to assume existing debt.

Required Information

• Purchase Price.
• Physical description of the property.
• Rent Roll.
• Survey.
• Tenant sales volume.
• Market analysis of the area, local map and demographics (including market rents and competition in area).
• Property photos.
• Operating statements for the last two fiscal years.
• Terms of existing debt including assumability and any prepayment information.
• Lease abstracts.
• Property history (age, date of last renovation, etc.).
• Disclosure of any environmental issues.

Contact

Please submit a complete property setups and fact sheets by either fax to Adir Cohen at (646) 356-6906 or via email to acohen@renrlty.com