Troutbrook Development - a New York City-based real estate development and investment firm - is actively seeking value-add, unique development real estate opportunities. Our acquisition is below
Size
- Acquisitions in the range of $7.5 million to $100 million in deal size.
- Building Size: 25,000 - 100,000 SF + gross SF (We would consider properties that have development potential)
Criteria
- Preference towards existing revenue-generating assets
- Opportunistic upside that could be realized via operational, development, re-zoning, and/or change of use upside
- Land developments with existing owners looking to cash out and/or JV partner to create long-term passive income (focus on property owners with existing non-real estate related business)
- Distressed properties in need of rescue capital and experienced GP property management to turn around
- RFP - creative deals with unique value proposition
- Added Value Deals: Land and conversions to residential for sale or rental in the tristate area of NY/ NJ or CT.
- Asset type: Agnostic. Preference towards multi-family residential, mixed-use; and/or commercial/industrial (for adaptive re-use)
- Locations: (Primary Focus) Greater New York City (Brooklyn, Upper Manhattan, Queens) and transit-oriented Tri-State (NJ - Jersey City/ Newark, CT, PA) ... will invest in (sub)urban Nashville, Dallas, Orlando, Atlanta markets.