About Us

A privately-held, fully-integrated real estate developer, we are actively engaged in acquisitions, development, financing, marketing and sales of luxury condominium properties throughout the New York metropolitan area. Led by three principals – Kenneth S. Horn, Joel Breitkopf and Alexander Saltzman – since our inception in 1990, we have delivered well over three million square feet of luxury condominium residences valued at over $6 billion.

Grounded in a deep knowledge of real estate markets and process, our success lies in our control of all facets of a project from acquisition to conclusion. This, coupled with strong ties to debt and equity sources, reduces the inherent risk of real estate ventures and increases the certainty of execution. Our history is one of successfully anticipating trends and changes while negotiating market cycles. Our experience evidences our philosophy that entrepreneurial real estate companies must succeed regardless of market fluctuations

Over three decades we have built a cohesive, vertically-integrated team who are rewarded for hard work, results and passion – an approach that has fostered innovation and improvement. Our dealings with partners, lenders, vendors, neighbors, tenants, sellers and buyers are conducted with the highest integrity, respect, moral and ethical standards. Our reputation and our word are infinitely more important than any transaction or negotiation.

Our track record and reputation have enabled us to develop many projects in partnership with families and institutions who have entrusted us with their real estate.

3 MILLION SF.

of condominium and multifamily residences
with a sellout value in excess of

$6 BILLION

Approach


From an investment perspective, our approach has emphasized capital preservation over assuming unmanageable risks to chase outsized returns and thus we have eschewed overheated markets where we believed that fundamentals did not pencil out.

Our preference is for projects where our acumen in complex, challenging deals leads to greater success. Toward that end, we rigorously pursue off-market opportunities where we rely on the breadth and strength of our relationships, our cycle-tested institutional knowledge, and our ability to assess and finance investments.

As opportunistic investors and developers we seek to leverage our experience, infrastructure and decisiveness to act quickly and structure creatively to continue our successful history of anticipating trends and negotiating market cycles. Our block-by-block submarket expertise is a particular strength we bring to our ventures.

From a design perspective, we seek to develop architecturally distinct buildings that respect their location, neighborhood and site; buildings that will live in harmony with their surroundings and add character and value beyond the economic. Our goal is to create strong value for customers and strong returns for our partners and investors.

We are actively seeking residential, development and redevelopment opportunities in the New York City metro area with a minimum of 50,000 square feet.

Financial Partners

As an opportunistic hands-on real estate investor, we are considered best-in-class partners with a variety of institutional, family foundation and high net worth individuals as our repeat partners for many years and many projects. Preservation of capital, first and foremost, is emphasized at every point in an asset’s investment cycle

We partner with those with whom we share a common vision. We invest in each deal so that our interests are always aligned.

For debt our partners include:

Bank of America

Bank OZK

Capital One Bank

First Republic Bank

Helaba Bank

HSBC Bank USA

Israel Discount Bank

M&T Bank

New York Community Bank

Signature Bank

United Overseas Bank (UOB)

Wells Fargo

On the equity side we
are aligned with:

AEW Capital Management

Alcion Ventures

Angelo Gordon & Co.

BlackRock

The Carlyle Group

Credit Suisse First Boston

Daishin Securities

The Davis Companies

DLJ Capital Partners

ING Realty Partners

Jamestown Properties

Prudential Real Estate