Slate Property Group purchases assets with opportunities to add significant value through repositioning or development and focused management. Utilizing its local experience, market knowledge, and long- term relationships with many groups in the New York City real estate community, Slate manages the entire acquisition process, including sourcing, financial underwriting, zoning analysis, business plan designing, structuring, and financing. Investment decisions are based on the results of sophisticated fundamental analysis, detailed market research, extensive due diligence, and input from all departments of the company. Slate’s vertically integrated platform enables it to maintain a streamlined decision-making process by quickly analyzing investment opportunities, quantifying risks, and committing the resources necessary to immediately capitalize on opportunities.
Slate Property Group continuously seeks lucrative, well-located projects. Below are the general investment parameters.
Slate’s lending arm — SPG Capital Partners — provides capital to other real estate developers and sponsors for land, construction, and inventory loans in the New York City area. Additionally, SPG provides transitional and bridge loans. Through Slate’s broad range of expertise and capabilities along with dedicated debt underwriting team, SPG can quickly evaluate, underwrite and close transactions.
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 can assist our partners through the development process from acquisitions to property leasing to property management.
When a property commences lease-up, Slate tasks a wholly-owned property management to oversee the day-to-day operations of each building. Our property management company is in frequent communication with our in-house asset management professionals to ensure that the Property is performing in-line with underwriting
Whether it’s a ground-up project or an asset re-positioning, Slate’s dedicated asset management team is focused on timely execution of the business plan and maximizing the value of investments.
Using a hands-on approach to manage the construction process, our team is mindful to keep the job operating as cost-effectively as possible. The Development and Construction Management teams keep the budget and schedule in mind while managing any third-party teams, subcontractors and vendors. With an in-house full-time team dedicated solely to the coordination of Slate’s projects, we make sure all phases progress seamlessly.
When Slate sees the opportunity to add value through repositioning, development and focused management, it leverages its specialized teams to execute on the appropriate business plan. Thorough knowledge of local neighborhoods, market environment and our extensive network, we coordinate the entire acquisition process:
- Financial Underwriting
- Zoning Analysis
- Business Plan Designing
- Partnership & Deal Structuring
Before every acquisition or investment decision, each property is put through a rigorous due diligence process, with the relevant in-house departments providing their insights on the most appropriate operating, capital expenditure and other assumptions.