Real Estate Development
Slate has a track record of generating above-market returns. With our understanding of the market, strategic executions, and a nuanced perspective, we identify high-yield, low-risk property investments. From there, we assist our partners through the development process from acquisition, development to property leasing, property management, and through the exit sale process.
Whether it’s a ground-up project or an asset re-positioning, Slate’s dedicated asset management team is focused on the timely execution of the business plan and maximizing the value of investments. It also maintains regular market analysis to proactively assess the best financial outcome for each investment.
Acquisitions & Financing
Slate’s acquisitions team seek out equity investments and manage all facets of the acquisition process, including deal sourcing, underwriting, zoning analysis, business plan strategizing, partnership and deal structuring, capital raising, and financing. Over the last 10 years, Slate’s NYC acquisitions team has acquired over 4,000 units across over $4 billion in total capitalization. Before every acquisition or investment decision, each property is put through a rigorous due diligence process, with the relevant in-house departments providing their insight on the most appropriate operating, capital expenditure, and other assumptions. The assets management professionals at Slate proactively monitor the existing portfolio’s performance to determine the appropriate times to execute on refinancing and sales, as well as evaluating the best economical leases and addressing investor requests. Slate also has dedicated in-house accounting and legal teams who provide support department-wide, steaming workflow, and efficiency.
· Financial Underwriting
· Zoning Analysis
· Business Plan Designing
· Partnership & Deal Structuring
MGT Property Management is Slate’s in-house wholly-owned property management arm, directly responsible for daily operations and maintenance for the entire existing asset portfolio. Slate also employs full-time project managers to provide daily oversight of development projects. MGT is managing over 40 assets, totaling over 2,500 units.
When a property commences lease-up, MGT Property Management company oversees the day-to-day operations of each building. Our property management company is in frequent communication with our asset management professionals to ensure that the property is performing in-line with underwriting.
An affiliate of Slate, SD Builders is experienced with ground-up multi-family construction and major renovation projects in New York City. Sd Builders works closely with the development team during the planning and design process. SD is currently building multiple projects through New York City.
- Construction Management
- Pre-Construction/Estimating/Value Engineering
- Program Management
- General Constructing
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SCALE Lending, Slate’s debt investment vehicle, focuses on senior transitional loans secured by commercial mortgages in the New York Metro area. SCALE Lending is a direct lender providing first mortgage financing secured by commercial real estate assets, including land acquisition, construction, new development, re-development, inventory, and assets with a lease-up component or reposition.
ABODE, Slate’s in-house residential brokerage subsidiary, either directly or in partnership with an additional brokerage, handles the initial and ongoing residential leasing of Slate’s portfolio, totaling over 1,500 units.
SPG Affordable has a knowledgeable team with years of experience in financing, development, and construction of affordable housing projects, with expertise in utilizing Low Income Housing Tax Credits, tax-exempt bond financing, HUD project-based section 8 and other local and regional program. SPG Affordable works closely with government, non-profits, and local developers to deliver high quality affordable housing.
SPG Affordable focuses on a double bottom line investment strategy of developing and preserving quality affordable housing in low-income communities while achieving above-market financial returns.
SPG Affordable is currently developing over 4,000 units of affordable housing in the New York Area.
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