Formed in 2014, Alchemy Ventures is an independent affiliate of Alchemy Properties with more than 25 professionals supporting our growth. Initially focused on Brownstone Brooklyn we have recently expanded both our investment approach and our geographic focus to vertically-integrated development across a variety of established neighborhoods throughout New York City and the urban core of Kansas City, MO.
Alongside out partners, we have established a reputation for integrity, reliability and continuity while amassing a portfolio valued at $400 million encompassing over 60 (and counting) individual assets. Our initial investments were on Manhattan’s Upper West Side and in its West Village and in the Brooklyn neighborhoods of Bedford Stuyvesant, Bushwick, Carroll Gardens, Cobble Hill, Crown Heights, Ditmas Park, Park Slope and Prospect Heights.
In Kansas City we have focused on the Rivermarket and Downtown neighborhoods acquiring 17 buildings with 930 units valued at $165 million. Our joint venture partner, Rockcrest Holdings, uncovered these off-market opportunities and capitalized on our experience executing and managing value-add real estate projects. Together, we created One City KC (onecitykc.com), a local management company to provide dedicated boots-on-the-ground day-to-day oversight for the portfolio.
Our investment approach seeks to capitalize on countercyclical development powered by an unwavering faith in quality housing with high end design at fair prices. We concentrate on strategically-located multifamily rental and mixed-use properties in neighborhoods exhibiting a sense of community, particularly those where supply constraints challenge success. Our reputation, ability to execute and credibility often allow us to be presented with off market properties.
Such was the case In Kansas City where we are introducing a new product to the market – deploying thoughtful, modern design and finishes to deliver a best-in-class Class B experience to the submarket. By doing so are continuing our successful value-add strategy in a market previously unaccustomed to this level of innovation.
We are cognizant of the inherent risk in all real estate. Hence, our focus is on risk management at each stage of the cycle, from acquisition to repositioning and potential disposition. Preservation of capital is always emphasized throughout the investment cycle. Toward that end, our 25-person integrated in-house team has significant expertise in property management, asset management, acquisitions and accounting allowing us to provide detailed monthly reporting. In addition, we have assembled a trusted team of brokers, attorneys, on-site supervisors and craftsmen to mitigate renovation, reposition pitfalls and properly position each asset for its niche market.
Learn more about our accomplishments and processes from recent press.
Vertically integrated and technically adept, we have cultivated a notable network of investors including private equity funds, family offices, high net worth individuals and “friends and family.”